he Equinox is a premier investment opportunity in Seattle's highly desirable Fremont neighborhood. It features 23 apartments and 5 commercial units. A $2.1M capital improvement project in 2024/2025 added a new roof, siding, & an updated lobby. Units include high-end finishes, LVP flooring, SS appliances, and in-unit WD with views of Lake Union. Three large units were converted into 9 studios/SEDUs, with potential for 10 more units through add'l conversions. Five new units are master leased. Income from commercial tenants and a cell tower lease enhance revenue stability. Strong cash flow, diverse income from commercial tenants and a cell tower lease, and expansion potential make this a rare core asset in a high-demand, high-barrier market.
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LAST UPDATED
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4/16/2025
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NEIGHBORHOOD
|
Fremont
|
|
YEAR BUILT
|
2001
|
COMMUNITY
|
Fremont
|
|
COUNTY
|
King
|
STATUS
|
Active
|
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PROPERTY TYPE(S)
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Multi Family
|
|
|
| AIR CONDITIONING |
Yes |
| AREA |
705 - Ballard/Greenlake |
| CONSTRUCTION |
Cement Siding, Metal Siding, See Remarks, Vinyl Siding |
| HEAT |
Baseboard, Electric |
| INTERIOR |
Laminate, Laminate Hardwood, Laminate Tile |
| LOT |
7584 sq ft |
| LOT DESCRIPTION |
Adjacent to Public Land, Alley, Curbs, Paved, Sidewalk |
| MLS STATUS |
Active |
| STORIES |
4 |
| STYLE |
56 - 10+ Units |
| SUBDIVISION |
Fremont |
| TAXES |
79724 |
| UTILITIES |
Sewer Connected |
| VIEW |
Yes |
| VIEW DESCRIPTION |
City, Lake, Mountain(s), See Remarks |
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