4500 1st Ave NW
Seattle WA 98103
Westwind Apartments
4500 1st Ave NW Seattle WA 98103
Listing #: 702411 | Status: Available | Last Modified: 12/1/2025 |
For Sale
- Phone:(425) 444-6501
- Email:dan.swanson@kidder.com
- Office Name:Kidder Mathews
- Office Phone:(208) 362-8600
- Office Website:
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 5,300,000.0
- $/SF$ 342.4
- $/Unit$ 5,300,000.0
- Listing StatusAvailable
- Days on Market85
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income395,123
- Vacancy Factor %5.20%
- Operating Expenses133,121
- Net Operating Income241,455
- CAP Rate 4.94 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 4.94 %
- Building StatusExisting
- # of Buildings1
- # of Floors4
- # of Units18
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF15480
- Net Rentable Area15480
- Total Office SF
- Largest Contiguous SF
- Lot SF14400
- Acres0.33
- Property TypeMulti-Family
- Office Type
- Building Class
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaFremont/Ballard
- Tax ID #7517500535
- Additional Parcels
- ZoningLR3 (M)
- # Covered Spaces0
- # Uncovered Spaces18
- Total Parking Spots18
- Parking Ratio
- Year Built1968
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
Trophy View Fremont Apartments
Located in Seattle’s desirable upper Fremont neighborhood just a 3-minute walk from Fremont Peak Park and within walking distance of the zoo. On the market for the first time, the property features 1- and 2-bed units plus a 1,500-SF 3-bed/2-bath penthouse (ideal for an owner-occupant). Floorplans average 860 SF. Dining areas, dishwashers, private decks/patios, abundant natural light, and many residents enjoy stunning views of the ship canal, Ballard, and Magnolia. 18 off-street parking spaces, secured entry, a resident laundry and storage room, copper supply plumbing, and updated ITE electrical subpanels. Westwind Apartments offers a 4.9% cap rate on rents as of February 2026 (increases already posted) and current expenses with upside.
