Five-Unit Apartment
For Sale
$1,525,000
3911 Woodland Park, Seattle, WA 98103
A varied five-unit layout includes private laundry and a full kitchen appliance package in every apartment.
Property Size5,170 SF
Price / SF$294.97
Days on Market9
Property Features for 3911 Woodland Park
General Information
Standard status
Active
Size
5,170 SF
Net Rentable
5,170 SF
Property subtype
Multi-family
Site & Location
Neighborhood
Fremont
Units
Unit Mix
1 x 1BR/1BA, 3 x 2BR/1BA, 1 x 3BR/1.5BA
Multifamily Units
5
Additional Details
Tenant in Place
Yes
Amenities
in-unit washer/dryer
Building Details
Year Built
1918
Buildings
1
Listing Agency:
Paragon Real Estate Advisors
Listed By:
Will Douglas
(206) 812-9108
Source:
Skylineproperties
Added: Oct 17
Changed: Oct 25
Last Checked: Oct 24 at 9:17PM
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 Paragon Real Estate Advisors
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Investment Insights
Based on property information with market context.
This Seattle apartment property contains five units across a main house and a connected triplex addition. The mix comprises one one-bedroom, one-bathroom apartment, three two-bedroom, one-bathroom apartments, and one three-bedroom, one-and-a-half-bathroom apartment, totaling approximately 5,170 net rentable square feet. Each residence has its own washer and dryer, water heater, full kitchen appliance package, and electric wall heat. The building was constructed in 1918, with the triplex addition completed in 1986. Vinyl-frame dual-pane windows serve the property. Electrical systems are described as up to code and in good working condition; the addition has sprinkler protection and copper plumbing, while plumbing in the main house is mixed.
The property is at 3911 Woodland Park in Seattle, between the Fremont and Wallingford neighborhoods. Parking income and utility bill-backs have not yet been implemented. The remarks also identify rents as more than 40% below market and cite interior renovations as a possible source of additional value.
The property is at 3911 Woodland Park in Seattle, between the Fremont and Wallingford neighborhoods. Parking income and utility bill-backs have not yet been implemented. The remarks also identify rents as more than 40% below market and cite interior renovations as a possible source of additional value.
Key Highlights
- Five apartments totaling approximately 5,170 net rentable square feet
- Unit mix: one 1‑bedroom/1‑bathroom, three 2‑bedroom/1‑bathroom, and one 3‑bedroom/1.5‑bathroom apartment
- Each unit includes a washer and dryer, water heater, full kitchen appliance package, and electric wall heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,487
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,649,740
$1.6M
Cap Rate 7%
$1,178,386
$1.2M
Cap Rate 9%
$916,522
$916.5K
Market Conditions
NOI Build-Up for 5,170 SF
Gross rent
$158.2K $30.60/SF
− Vacancy
−$8.2K −$1.59/SF
EGI
$150.0K $29.01/SF
− OpEx
−$67.5K −$13.05/SF
NOI
$82.5K $15.95/SF
Area
ZIP 98103
Vacancy
5.20%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,649,740
Cap Rate 7%
$1,178,386
Cap Rate 9%
$916,522
Alternative Uses
Best Use
Apartment 5plus
$1.18M
$1.03M – $1.37M
NOI $82,487 @ 7.0% cap · market cap 5.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,290 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
4,050
Businesses Nearby
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Business Placement
Demographics for 98103, WA
53,056
Population
27,857
Households
1.9
Avg Household Size
35
Median Age
77%
College-Educated
98%
High-School Grad
4.6 sq mi
ZIP Area
11,534
Density / Sq Mi
$127,372
Median Household Income
$80,508
Median Earnings
$2,006
Median Rent
$1,012,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A varied five-unit layout includes private laundry and a full kitchen appliance package in every apartment.
Where is this apartment building located?
The property is located at 3911 Woodland Park Seattle, WA.
What is the asking price?
The asking price for this property is $1,525,000.
What are key features of this property?
This property features: Five apartments totaling approximately 5,170 net rentable square feet; Unit mix: one 1‑bedroom/1‑bathroom, three 2‑bedroom/1‑bathroom, and one 3‑bedroom/1.5‑bathroom apartment; Each unit includes a washer and dryer, water heater, full kitchen appliance package, and electric wall heat
