The Claremont combines the durability of 1990s construction with the appeal of a full, top-to-bottom renovation—creating a turnkey multifamily investment with meaningful rental upside. Modern building systems and comprehensive updates translate to minimal near-term capital expenditures and easy day-to-day management. At the same time, current in-place rents remain below prevailing market levels for renovated apartments in the Columbia City/Mount Baker area, presenting a clear opportunity to increase income as leases roll and demand for well-finished units continues to grow. The renovation program was extensive and designed to position the property for long-term stability.
Listing Provided Courtesy of Michael Urquhart, Paragon Real Estate Advisors
General Information
NWM2440129
Multi Family
4
DOM
4560.73 SqFt
4880
1992
King
Residential Incom
Multi Family
Listing Provided Courtesy of Michael Urquhart, Paragon Real Estate Advisors
Krishna Realty data last checked: Oct 05, 2025 02:02 | Listing last modified Oct 02, 2025 00:00,
Source:
The Claremont combines the durability of 1990s construction with the appeal of a full, top-to-bottom renovation—creating a turnkey multifamily investment with meaningful rental upside. Modern building systems and comprehensive updates translate to minimal near-term capital expenditures and easy day-to-day management. At the same time, current in-place rents remain below prevailing market levels for renovated apartments in the Columbia City/Mount Baker area, presenting a clear opportunity to increase income as leases roll and demand for well-finished units continues to grow. The renovation program was extensive and designed to position the property for long-term stability.
