Listed by Lee & Associates Commercial RE
$10,700,000

Estimated payment $65,738/month

Total Views 6,302
-- Bed
-- Bath
17,414 Sq Ft
$614 Price per Sq Ft

Highlights

  • Rooftop Deck
  • Lake View
  • Thermal Windows
  • B.F. Day Elementary School Rated A-
  • No HOA
  • 1-minute walk to A. B. Ernst Park

About This Home

he Equinox is a premier investment opportunity in Seattle’s highly desirable Fremont neighborhood. It features 23 apartments and 5 commercial units. A $2.1M capital improvement project in 2024/2025 added a new roof, siding, & an updated lobby. Units include high-end finishes, LVP flooring, SS appliances, and in-unit WD with views of Lake Union. Three large units were converted into 9 studios/SEDUs, with potential for 10 more units through add'l conversions. Five new units are master leased. Income from commercial tenants and a cell tower lease enhance revenue stability. Strong cash flow, diverse income from commercial tenants and a cell tower lease, and expansion potential make this a rare core asset in a high-demand, high-barrier market.

Listing Agent

Daniel Lim

Lee & Associates Commercial RE License #131121 Listed on: 04/16/2025

Lee & Associates Commercial RE

Co-Listing Agent

Candice Chevaillier, CCIM

Lee & Associates Commercial RE License #18886

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2360738

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $79,724

Year Built

  • Built in 2001

Lot Details

  • 7,583 Sq Ft Lot
  • Sprinkler System

Property Views

  • Lake
  • City
  • Mountain
  • Limited

Home Design

  • Flat Roof Shape
  • Poured Concrete
  • Cement Board or Planked
  • Vinyl Construction Material

Interior Spaces

  • 17,414 Sq Ft Home
  • 4-Story Property
  • Thermal Windows
  • Laminate Flooring

Parking

  • 26 Parking Spaces
  • 26 Covered Spaces

Outdoor Features

  • Rooftop Deck
  • Patio

Utilities

  • Baseboard Heating
  • Heating System Mounted To A Wall or Window
  • High Speed Internet

Community Details

  • No Home Owners Association
  • Fremont Subdivision
  • Property is near a preserve or public land

Listing and Financial Details

  • Assessor Parcel Number 1972202755

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$79,724

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 2001
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 17414
  • EffectiveYearBuiltSource: See Remarks
  • SOCComments: Buyer Brk to be present at all showings
  • Special Features: VirtualTour
  • Cumulative Days on Market: 108

Interior Features

  • Fireplace: No
  • Flooring: Laminate
  • Interior Amenities: Laminate, Laminate Hardwood, Laminate Tile
  • Stories: 4
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Elevator,Fire Sprinklers,See Remarks,Thermal Windows

Exterior Features

  • Roof: Flat, See Remarks
  • View: City, Lake, Mountain(s), Partial, See Remarks
  • Lot Features: Adjacent to Public Land, Alley, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Construction Type: Cement Plank, Metal/Vinyl, See Remarks
  • Exterior Features: Cement Planked, Metal/Vinyl, See Remarks
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 26
  • Open Parking: No
  • Total Parking Spaces: 26
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Cooling: Other – See Remarks
  • Cooling Y N: Yes
  • Heating: Baseboard, Wall Unit(s)
  • Heating Yn: Yes
  • WaterSewerGarbage: 42469

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 1972202755
  • Lot Size Acres: 0.1741
  • Lot Size Sq Ft: 7583
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,High Speed Internet,Patio,Rooftop Deck,Sprinkler System
  • MLSLotSizeSource: Survey
  • MLSSquareFootageSource: County
  • ZoningJurisdiction: City

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 14.3
  • LeasedItems: None
  • TotalMonthlyIncome: 710295

Multi Family

  • Gross Scheduled Income: 142943
  • Net Operating Income: 595506
  • Number Of Units Total: 28
  • Insurance Expense: 12031
  • Leasable Area: 17414
  • EnergySource: Electric
  • UnitsInBuildingTotal: 28
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2025
  • Tax Annual Amount: 79724

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $129,620 $13,694,300 $5,980,100 $7,714,200
2023 $91,950 $13,186,600 $5,980,100 $7,206,500
2022 $98,970 $10,927,000 $5,125,800 $5,801,200
2021 $109,833 $10,863,000 $5,125,800 $5,737,200
2020 $93,809 $11,489,700 $5,125,800 $6,363,900
2018 $85,267 $9,597,500 $2,562,900 $7,034,600
2017 $76,856 $8,675,000 $2,392,000 $6,283,000
2016 $73,404 $8,082,000 $2,306,600 $5,775,400
2015 $61,702 $7,534,700 $1,879,400 $5,655,300
2014 -- $6,466,100 $1,708,600 $4,757,500
2013 -- $5,976,300 $1,623,100 $4,353,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2025 07/18/25 Price Changed $2,430 -8.3% $3 / Sq Ft
07/17/2025 07/17/25 Price Changed $2,650 +89.8% $3 / Sq Ft
07/11/2025 07/11/25 Price Changed $1,396 -48.3% $2 / Sq Ft
07/04/2025 07/04/25 Price Changed $2,700 +96.4% $3 / Sq Ft
07/01/2025 07/01/25 Price Changed $1,375 -3.8% $2 / Sq Ft
06/26/2025 06/26/25 Price Changed $1,429 0.0% $2 / Sq Ft
04/16/2025 04/16/25 For Sale $10,700,000 0.0% $614 / Sq Ft
04/10/2025 04/10/25 For Rent $1,650 -- --
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $17,415,000 None Listed On Document
Warranty Deed -- --
Warranty Deed $2,400,000 Pacific Northwest Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $5,600,000 New Conventional
Closed $4,200,000 New Conventional
Previous Owner $11,000,000 Commercial
Previous Owner $10,875,000 No Value Available
Previous Owner $6,300,000 No Value Available
Previous Owner $2,322,000 Stand Alone First
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2360738

Northwest Multiple Listing Service (NWMLS)

APN: 197220-2755