LISTING DETAILS

Westwind Apartments

4500 1st Ave NW Seattle WA 98103

Listing #: 702411 | Status: Available | Last Modified: 12/1/2025

Showing Instructions
Call Listing Agent	No
Use Discretion	No

Investment Information
Investment Prop	Yes
Gross Income	395,123
Vacancy Factor %	5.20%
Operating Expenses	133,121
Net Operating Income	241,455
CAP Rate	4.94 %

Detail Listing Information
Min Total SF	0 SF
Max Total SF	0 SF
Lease Rate Low	$ 0.00
Lease Rate High	$ 0.00

Retail Information
Signage	Signage on Building and Freestanding

Financial Summary
CAP Rate	4.943

Building Information
Building Status	Existing
# of Buildings	1
# of Floors	4
# of Units	18
Total Building SF	15,480 SF
Net Rentable Area	15,480 SF
Total Office SF	0 SF
Largest Contiguous SF	0 SF
Lot SF	14,400 SF
Acres	0.33
Year Built	1968

Property Type
Property Type	Multi-Family

Location
County	King
Market Area	Fremont/Ballard
Tax ID #	7517500535
Zoning	LR3 (M)

Parking Information
#Covered Spaces	0
# Uncovered Spaces	18
Total Parking Spots	18

Trophy View Fremont Apartments

Public Comments

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.

Westwind Apartments
4500 1st Ave NW Seattle WA 98103

Listing #: 702411 | Status: Available | Listing Date: 9/11/2025 | Last Modified: 12/1/2025 | Email Listing

For Sale

Westwind Apartments

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