The Fountain Apartments - a turnkey investment opportunity in the heart of Greenwood. This well-maintained 8-unit property features significant capital improvements, including a new roof (within the last 5 years), updated common areas, and full interior renovations in 6 of the 8 units. The renovated units boast spacious layouts with luxury vinyl plank flooring, quartz countertops, undermount sinks, stainless steel appliances, modern bathroom vanities, and new bathtub/tile surrounds. Select units also include private decks. With minimal remaining value-add needed"”just two units left to update"”The Fountain presents an excellent opportunity to stabilize the asset at a projected cap rate of over 6.5%.
Elementary School |
Viewlands |
Jr. High School |
Robert Eagle Staff Middle School |
High School |
Ingraham High |
AIR |
None |
AREA |
705 - Ballard/Greenlake |
CONSTRUCTION |
Metal Siding, Vinyl Siding |
HEAT |
Baseboard, Electric |
LOT |
6325 sq ft |
MLS STATUS |
Active |
STORIES |
3 |
STYLE |
55 - 5-9 Units |
SUBDIVISION |
Greenwood |
TAXES |
17309 |
UTILITIES |
Sewer Connected |
WATER |
Public |
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Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 8/4/25 2:42 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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