Sold: Aug 29, 2025

$8,900,000

0 Beds 0 Baths 17,414 SQFT 0.17 Acres

Type: Multi-Family

711 N 35th Street
Seattle, WA 98103

MLS#: 2360738

Presented by: Lee & Associates Commercial RE and NWMLS
Sold by: ZNonMember-Office-MLS

Property Description

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.

General

AmenitiesElevator, Fire Sprinklers, See Remarks, Thermal Windows

Building Area Units0 sqft

Cap Rate5.57

Carport Spaces0

Carport Y/NNo

CitySeattle

Close Price$8,900,000

CoolingOther See Remarks

CountyKing

DirectionsHeading north on Fremont Ave. Left on N 35th. Located mid block.

Electric Expense0

Energy EfficientThermal Windows

Fuel Expense0

HOANo

HOA Fee$0

HeatingBaseboard, Wall Unit(s)

High School DistrictSeattle

Insurance Expense12031

Leasable Area17,414 sqft

Listing TermsCash Out, Conventional, See Remarks

Lot Size Square Feet7,583 sqft

Lot Size UnitsSquare Feet

MLS Area705 - Ballard/Greenlake

ModificationTimestamp2025-09-29T11:05:20.239Z

NWM_ShowMapLinkY

Net Operating Income595506

New ConstructionNo

Number Of Units Total28

Open Parking Spaces0

PossessionClosing

Property Style56 - 10+ Units

Property SubtypeMulti Family

Property TypeResidential Income

Public Remarkshe Equinox is a premier investment opportunity in Seattles highly desirable Fremont neighborhood. It features 23 apartments and 5 commercial units. A $2.1M capital improvement project in 2024/2025 ad

RoofFlat, See Remarks

Senior Community Y/NNo

SewerSewer Connected

Special Listing ConditionsNone

Standard StatusClosed

StatusSold

Structure TypeMulti Family

Subdivision NameFremont

Tax Annual Amount$79,724

Tax Year2025

Units Below Gradefalse

Units In Building Total28

ViewCity, Lake, Mountain(s), Partial, See Remarks

Virtual TourClick here

Water Sewer Garbage42469

Year Built2001

Interior

Air Conditioning Y/NYes

Baths Full Upper0

Baths Half Upper0

Baths Three Quarter Upper0

Bedrooms Upper0

Fireplace Y/NNo

FlooringLaminate

Heating Y/NYes

Power Production TypeElectric

Total Fireplaces0

Total Stories4

Exterior

Building Area Total17,414 sqft

Covered Spaces26

Exterior AmenitiesCement Planked, Metal/Vinyl, See Remarks

Foundation DetailsPoured Concrete

Irrigation Water Rights Y/NNo

Lot FeaturesAdjacent to Public Land, Alley, Curbs, Paved, Sidewalk

Lot Size Acres0.1741

Parking Uncovered Spaces0

Site FeaturesDeck, High Speed Internet, Patio, Rooftop Deck, Sprinkler System

Total Parking26

Waterfront Y/NNo

Similar Properties

$8,900,000

0 Beds 0 Baths 17,414 SQFT 0.17 Acres

Type: Multi-Family

711 N 35th Street
Seattle, WA 98103

MLS#: 2360738

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Property

$8,900,000

711 N 35th Street
Seattle, WA 98103

Property Description

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Interior

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$8,900,000

711 N 35th Street
Seattle, WA 98103

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$8,900,000

711 N 35th StreetSeattle, WA 98103

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$8,900,000

711 N 35th StreetSeattle, WA 98103

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711 N 35th Street
Seattle, WA 98103

711 N 35th Street
Seattle, WA 98103