3637 Woodlawn Avenue N, Seattle, WA 98103

$1,400,000
3,900
SqFt

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Listing courtesy of Paragon Real Estate Advisors.

List Price
$1,400,000
Status
ACTIVE
MLS#
2553970
Days on Market
12
Style
53 - Tri-plex
Finished SqFt
3,900
Area Total SqFt
3900
Annual Tax Ammount
16796
Lot Size (sq ft)
5,558
Sewer
Sewer Connected

Property Description

First time on the market in over 60 years. Built in 1962 by the current owner's grandfather and held in the same family ever since, this three-unit apartment building sits on a quiet residential street between the Fremont and Wallingford commercial cores. Two 2-bedroom units and one 3-bedroom unit total 3,900 gross square feet on a 5,558 square foot NR3 lot. Units are generous and townhouse-style, averaging over 1,200 square feet, with the largest at 1,490. Two units have interior staircases leading to private storage and the common laundry room. Building systems are sound: all copper plumbing, double-pane vinyl windows and electric baseboard heat. The south elevation was resided and the whole building painted approximately six years ago. The pitched torch-down roof is approximately 30 years old and has been maintained annually. Clear path to add value: kitchens and baths are original and ready for updating, and there is space to add in-unit washers and dryers. Five parking spaces including one covered stall. One unit is currently vacant and staged, equally suiting an owner-user who wishes to occupy one unit and improve the balance of the building over time. Walk to Gas Works Park, the Burke-Gilman Trail and the ship canal, with quick access to the Google and Adobe campuses, South Lake Union and downtown Seattle.

Additional Information

List Date
2026-07-14 23:19:12
Community
Fremont
Net Operating Income
$46,294
Gross Adjusted Income
$76,950
Gross Scheduled Income
$81,000
Total Monthly Income
$6,750
Insurance Expenses
$3,000
Gross Rent Multiplier
17.28
Total Expenses
$30,656
Cap Rate
3.31
Vacancy Rate
5
Total Number of Units
3
Unit Name
3637
Potential Terms
Cash, Conventional
Year Built
1962
Roof
Torch Down
Other Expenses
10860
Energy Source
Electric
School District
Seattle
Total Monthly Income
$6,750
Gross Scheduled Income
$81,000
Vacancy Rate
5
Gross Adjusted Income
$76,950
Tax Year
2026
Insurance Expense
$3,000
Total Expenses
$30,656
Net Operating Income
$46,294
Gross Rent Multiplier
17.28
Cap Rate
3.31
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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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