Overview

Highlights

• Vacant at Closing – Immediate Value-Add Opportunity - Renovate on day one and achieve market rents without delay.
• Well-Maintained and Updated Systems - Copper & PEX plumbing, double pane windows, roof replaced in 2008.
• Central Location with Major Employer Access - Close to Ballard, Fremont, SLU, Downtown, and major tech employers.
• Assemblage Potential - Acquire the adjacent duplex also available for purchase

Description

The Lee & Associates NW Multifamily Team is pleased to present the exclusive listing of the 3469-3475 6th Avenue W, a fourplex built in 1956. Delivered fully vacant at closing, this offering provides the opportunity to immediately renovate or lease-up at market rents. Ideally positioned between Ballard, Fremont, South Lake Union, and Downtown Seattle, the property offers excellent access to local amenities and major employers including Meta, Google, Amazon, and Expedia.

The property has received major system updates including roof (2008), vinyl windows, and copper/PEX plumbing. A large common area with laundry and storage, connected to the garage, offers a potential opportunity to add two more units (buyer to verify).

This opportunity is ideal for an owner-occupant or investors seeking a well-located property with long-term upside.

For those looking to expand their footprint, the adjacent parcel improved with a duplex is also available, offering the ability to control a total of six units and 8,800 LSF zoned MIO-37-LR3 RC (M), while taking advantage of favorable residential financing.

3469 6th Ave W supports a multitude of investment strategies whether holding for stable cash flow, pursuing redevelopment, or repositioning for future resale. This is a compelling value-add opportunity in one of Seattle’s most desirable and central neighborhoods.

Location

3469-3475 6th Avenue W is ideally located in Queen Anne, a neighborhood renowned for its distinctive residential character, featuring stately historic mansions, Victorian homes, and classic Craftsman houses, offering its residents a tranquil neighborhood setting with seamless access to employment, education and amenities. Positioned near the Fremont Cut, the fourplex places tenants within minutes of Seattle’s leading tech employers, such as Meta, Apple, Amazon, and Google as well as the educational institution of Seattle Pacific University and the recently opened West Canal Yards maker space and R&D hub.

Nearly equidistant from Old Ballard and Fremont, 3469-3475 6th Avenue W allows tenants to explore a wealth of dining, retail, and entertainment options in both vibrant neighborhoods, as well as in Queen Anne and Uptown. The scenic Ship Canal Trail and nearby green space provide excellent outdoor amenities, serving as a recreational outlet for biking and jogging while also providing transit alternatives for tenants.

With a central location offering a high quality of life and unmatched accessibility, 3469-3475 6th Avenue W is well-positioned as an investment opportunity. The property's appeal to professionals seeking proximity to major job centers, coupled with Queen Anne's enduring desirability and the region’s strong rental demand, makes it an attractive choice for long-term value appreciation and consistent tenant interest.

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