Seattle Multifamily Investment
4416 Linden Ave N Seattle, WA 98103
For Sale
$2,280,000
Seven-unit apartment building in Seattle's Fremont neighborhood.
Property Size4,898 SF
Price / SF$465.50
Days on Market647
Property Features for 4416 Linden Ave N
General Information
Standard status
Active
Size
4,898 SF
Property subtype
Commercial
Building Details
Year Built
1912
Listing Agency:
SEA TO SKY REALTY
(408) 505-0355
Listed By:
LIN SHEN
Source:
Corcoran
Added: Oct 22, 2024
Changed: Jul 6
Last Checked: Jul 29 at 8:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SEA TO SKY REALTY
Investment Insights
Based on property information with market context.
The Strandt Apartment is a 7-unit multifamily property located in the Fremont Neighborhood of Seattle. The property has high walk and bike scores. It provides access to tech hubs, including Fremont, South Lake Union, and Downtown Seattle. The Strandt is a fully leased property. The current rent is below market value, presenting an opportunity for a 20%-30% increase in rental income without renovations. The property size is 4898 square feet.
Key Highlights
- Immediate 20‑30% rental income increase potential.
- Fully leased 7‑unit multifamily property, indicating high demand.
- Excellent location in the desirable Fremont neighborhood of Seattle.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $149.9k | $30.60 |
| − Vacancy | −$7.8k | −$1.59 |
| EGI | $142.1k | $29.01 |
| − OpEx | −$63.9k | −$13.05 |
| NOI | $78.1k | $15.95 |
4,898 SF · lease $30.60/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.12M
$976.8K – $1.30M
NOI $78,147 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,594 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Seven-unit apartment building in Seattle's Fremont neighborhood.
Where is this apartment building located?
The property is located at 4416 Linden Ave N Seattle, WA.
What is the asking price?
The asking price for this property is $2,280,000.
What are key features of this property?
This property features: Immediate 20‑30% rental income increase potential.; Fully leased 7‑unit multifamily property, indicating high demand.; Excellent location in the desirable Fremont neighborhood of Seattle.
