4500 1st Avenue NW Seattle, WA $ 5,300,000
4500 1st Avenue NW
$ 5,300,000
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4500 1st Avenue NW

Seattle, WA, 98107
$ 5,300,000
Baths0.0 Sq 16,217

Monthly Estimate*

$ 33,065

Listed by Kidder Mathews
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Studio

Multi-Family Home for sale in Seattle, WA

for $5,300,000. This 16,217 square foot home was built in 1968 on a lot size of 0.3306.

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.

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Multi-Family Pending

Price

$ 5,300,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 47,264

Style

10+ Units

Lot Size

0.3306

Year Built

1968

Town/City

Seattle

County/Region

King

MLS | Web ID

2433027

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing Subject to Tenant Rights
Roof Composition Flat
HOA Fee 0
Year Built 1968
View Canal Mountain(s) Territorial
Property Subtype Multi Family
Tax Year 2025
County King
Net Operating Income 262002
Insurance Expense 13500
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Fremont
Possible Use Multi-Family
Special Listing Conditions None
Status Pending Feasibility
Directions Property is on corner of 1st Ave NW and NW 45th St.
High School Lincoln High
City Seattle
Senior Community Y/N N
High School District Seattle
Zoning Description Multi-Family
Open Parking Spaces 18
Number Of Units Total 18
MLS Area 705 - Ballard/Greenlake
Lot Size Units Square Feet
Lot Size Square Feet 14400
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional
Elementary School Bf Day
Tax Annual Amount 47264
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Hamilton Mid
Public Remarks Located in Seattles 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-
Leasable Area 13767
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Pending
Amenities Coin Op Laundry
Units Below Grade true
Units In Building Total 18
Water Sewer Garbage 20427
Property Style 56 - 10+ Units
Cap Rate 4.94
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Exterior
Exterior Amenities Wood
Lot Features Corner Lot Curbs Paved
Water Source Public
Total Parking 18
Building Area Total 16217
Lot Size Acres 0.3306
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Parking Uncovered Spaces 18
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Interior
Total Fireplaces 0
Total Stories 4
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2433027
Street Number 1 4500
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* Excluded Features
List By
Dan Swanson

Listing Agent

Kidder Mathews

Broker

Affordability Calculator

$37,004
Per Month
89%
11%
0%
Monthly Principal & Interest
$33,065
Monthly Property Taxes
$3,939
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
258497 Elementary School
257475 Middle School
Lincoln High High School
Pricing History
DatePricePrice ChangeDescription
9/12/2025$5,300,000 Listed Price

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4500 1st Avenue NW, Seattle, WA, 98107 is a Multi-Family Home for sale at $5,300,000 with 16,217 sqft and a lot size of 0.3306. 4500 1st Avenue NW is a studio with 0.0 baths and was built in 1968. The property's zip code is 98107 which is in Seattle, WA