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.
Listing Provided Courtesy of Daniel Lim, Lee & Associates Commercial RE
General Information
NWM2360738
Multi Family
5
DOM
7583.8 SqFt
17414
2001
King
Residential Incom
Multi Family
Listing Provided Courtesy of Daniel Lim, Lee & Associates Commercial RE
Krishna Realty data last checked: Jun 21, 2025 05:35 | Listing last modified Apr 21, 2025 16:25,
Source:
Download our Mobile app
Residence Information
17414
Flat, See Remarks
56 - 10+ Units
2001
Poured Concrete
Elevator, Fire Sprink
Features and Utilities
Laminate, Laminate Hardwood, Laminate Tile
Cement Planked, Metal/Vinyl, See Remarks
Sewer Connected
0
Financial
79724
Cash Out, Conventional, See Remarks
04-16-2025
Comparable Information
5
5
Cash Out, Conventional, See Remarks
$10,700,000
$10,700,000
Apr 21, 2025 16:25
Schools
Map
Listing courtesy of Lee & Associates Commercial RE.
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.
