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New Construction Apartment Building
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2955 4th Ave N, Seattle, WA 98109

New 60-unit building completed mid-2025 with restaurant and retail spaces opening to a pedestrian courtyard.

Property Size2,768 SF
Days on Market801

Property Features for 2955 4th Ave N

General Information

Standard status Active
Size 2,768 SF
Property subtype RETAIL

Additional Details

Multifamily Units 60

Building Details

Year Built 2025
Tenancy Multi
Listing Agency: Real Retail
Listed By: Maria Royer
Source: Moodyscre
Added: May 21, 2024 Changed: Jul 26 Last Checked: Jul 29 at 3:59PM

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 Real Retail

Investment Insights

Based on property information with market context.

The Millwright is a new construction 60-unit apartment building completed mid-2025. The project includes thoughtfully designed restaurant and retail spaces that open onto a landscaped pedestrian courtyard.

Located at the south end of the iconic Fremont Bridge, the building is positioned near dense residential neighborhoods and tech employers, with access to the area’s attractions in Fremont.

The combination of modern multifamily units and street-facing retail/restaurant space anchored by a pedestrian courtyard supports a walkable mixed-use environment on site.

Key Highlights

  • New construction 60‑unit apartment building completed mid‑2025
  • Restaurant and retail spaces that open onto a pedestrian courtyard
  • Pedestrian courtyard and landscaped grounds

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Pharmacy Grocery & Convenience Store Florist (Bike/Boat/Book/etc) Store Daycare Center Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

60
Residential units
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

5,605
Businesses Nearby

Demographics for 98109, WA

34,551
Population
23,162
Households
1.5
Avg Household Size
32
Median Age
78%
College-Educated
98%
High-School Grad
1.9 sq mi
ZIP Area
18,185
Density / Sq Mi
$130,845
Median Household Income
$104,202
Median Earnings
$2,329
Median Rent
$986,000
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - New 60-unit building completed mid-2025 with restaurant and retail spaces opening to a pedestrian courtyard.
Where is this apartment building located?
The property is located at 2955 4th Ave N Seattle, WA.
What are key features of this property?
This property features: New construction 60‑unit apartment building completed mid‑2025; Restaurant and retail spaces that open onto a pedestrian courtyard; Pedestrian courtyard and landscaped grounds
(206) 464-0600 Call to check price and availability
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