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
48
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: Nov 18, 2025 07:49 | 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.
