816 N 38th St

Seattle, WA 98103

$1,900,000
Price
6
Beds
6
Baths
5,030 Sq. Ft.
$378 / Sq. Ft.
5,030
Sq. Ft.
$378
per Sq. Ft.
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New
New
Listing provided courtesy of Westlake Associates, Inc.
Source: Northwest MLS

Description

Originally constructed in 1990, the four-story building consists of five spacious residential apartments and one highly desirable commercial suite, creating a diversified income stream uncommon among properties of this size. The residential component includes four oversized one-bedroom units and one expansive two-bedroom unit, each featuring thoughtful floorplans designed to maximize functionality and natural light. All apartment homes benefit from southern exposure and offer generous living spaces,...Originally constructed in 1990, the four-story building consists of five spacious residential apartments and one highly desirable commercial suite, creating a diversified income stream uncommon among properties of this size. The residential component includes four oversized one-bedroom units and one expansive two-bedroom unit, each featuring thoughtful floorplans designed to maximize functionality and natural light. All apartment homes benefit from southern exposure and offer generous living spaces, large bedrooms, well-appointed kitchens with abundant cabinetry, and private outdoor patios. Additional in-unit amenities include a range, refrigerator, dishwasher, microwave, and air-conditioning. The ground-floor commercial space further enhances the property’s appeal, offering an attractive, flexible environment characterized by beautiful hardwood flooring, a kitchenette, and a private shower. This unique component provides investors with additional income diversification while serving a variety of potential tenant uses. The property has been meticulously maintained throughout ownership and features frame construction with durable vinyl siding and a pitched roof that remains in excellent condition. Additional tenant amenities include a common laundry facility, an inviting rooftop deck with neighborhood views, and an exceptional 1:1 parking ratio, an rare feature in Fremont’s urban core.
  1. Listed by Richard L. Kemp • Westlake Associates, Inc.
    P: (206)-505-9400 richk@westlakeassociates.com

Property Details for 816 North 38th Street

Community Name
Fremont
School District
Seattle
View
City, Lake, Mountains, Partial, Territorial
Number of Assigned Spaces
9
Total Covered Parking
5
Entry Date
06-17-2026
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 06/17/2026 01:13 PM

Property Details for 816 North 38th Street

StatusActive
MLS #2541763
Days on Market1
Cumulative Days on Market1
Taxes$18,027 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1990
Lot Size0.06 AC / 2,400 SF
CountyKing County
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Location

Listing Courtesy of Westlake Associates, Inc.
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Building Information for 816 North 38th Street

Stories4Residences6Year Built1990Building Size-Lot Size0.06 AC / 2,400 SF

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$10,970 per month

30 year fixed, 6.36% Interest

Principal and Interest

$9,468

Property Taxes

$1,502

HOA Dues

$0

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Property Information for 816 North 38th Street

Summary
Location and General Information
  • Style: 55 - 5-9 Units
  • Site Features: Deck, Patio, Rooftop Deck
  • Area: 705 - Ballard/Greenlake
  • Directions: On Hwy 99 N/Aurora Ave N, slight right on Bridge Wy N. Left on N 38th St. Right on Linden Ave N. Right on N 39th St. Right on Aurora Ave N. Right on N 38th St. Site on right.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2026
Parking
  • Garage Spaces: 0.0
  • Number of Carport Spaces: 5.0
  • Carport: No
  • Open Parking: No
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Hardwood, Vinyl Plank, Carpet
  • Amenities: Coin Op Laundry
  • Cooling: Yes
  • Cooling: Forced Air
  • Fireplace: No
  • Heating: Yes
  • Heating: Forced Air
Exterior Features
  • Exterior: Wood
  • Roof: Composition
Property
Utilities
  • Water/Sewer/Garbage: 7600
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Zoning Remarks: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • MLS Square Footage Source: KCA
  • Preliminary Title Ordered: No
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 12
Lot Information
  • Lot Details: Alley, Curbs, Paved, Sidewalk
  • Lot Size Source: KCA
  • Parcel Number Free Text: 1972201671
  • Calculated Square Footage: 5030
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 5030.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Total Uncovered Parking: 4
  • Number of Stories in Building: 4
  • Vacancy Rate: 3
  • Number Of Units Total: 6
  • Units Below Grade: false
  • Units In Building Total: 6
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 45227
  • Gross Adjusted Income: 151716
  • Gross Rent Multiplier: 12.15
  • Gross Scheduled Income: $156,408
  • Insurance Expense: $5,100
  • Net Operating Income: $106,489
  • Other Expenses: $14,500
  • Total Monthly Income: 13034
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 6
  • Square Feet Unit 1: 900
  • Rent Unit 1: $1,000.00
Unit 2
  • Name Unit 2: 5
  • Square Feet Unit 2: 665
  • Rent Unit 2: $1,300.00
  • Bedrooms Unit 2: 1
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 4
  • Square Feet Unit 3: 600
  • Rent Unit 3: $1,850.00
  • Bedrooms Unit 3: 1
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 3
  • Square Feet Unit 4: 631
  • Rent Unit 4: $1,600.00
  • Bedrooms Unit 4: 1
  • Bathrooms Unit 4: 1
Unit 5
  • Name Unit 5: 2
  • Square Feet Unit 5: 1043
  • Rent Unit 5: $1,750.00
  • Bedrooms Unit 5: 2
  • Bathrooms Unit 5: 2
Unit 6
  • Name Unit 6: 1
  • Square Feet Unit 6: 630
  • Rent Unit 6: $1,650.00
  • Bedrooms Unit 6: 1
  • Bathrooms Unit 6: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 4469.0

Property History for 816 North 38th Street

DateEvent & SourcePriceAppreciation
Jun 17, 2026

Listed (Active)

NWMLS #2541763

$1,900,000—
Jan 5, 2005

Sold (Public Record)

Public Record #172525344

$898,500—
DateEvent & SourcePrice
06/17/2026

Listed (Active)

NWMLS #2541763

$1,900,000
01/05/2005

Sold (Public Record)

Public Record #172525344

$898,500

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 816 North 38th Street

Taxable ValueLand$396,000Additions$1,365,000Total$1,761,000
Tax Record2025$18,027 ($1,502 / month)
Home Facts
Total Finished SqFt3,435 SqFtAbove Ground SqFt3,435 SqFtStories4Lot Size2,400 SqFtStyleMulti-Family Res (5+ Units)Year Built1990Year Renovated2001ZoningC1-55 (M)CountyKINGAPN197220-1671Fireplace TypeSingle

Schools near 816 North 38th Street

This home is within Seattle Public Schools.
Rating
School
Type
Grades
Distance
B F Day Elementary School
Public - PK to 5
Hamilton International Middle School
Public - 6 to 8
Lincoln High School
Public - 9 to 12
Cascade Parent Partnership Program
Public - K to 8
Rating
School
Distance
B F Day Elementary School
PublicPK to 5

Hamilton International Middle School
Public6 to 8

Lincoln High School
Public9 to 12

Cascade Parent Partnership Program
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 816 North 38th Street, Seattle, WA 98103

816 North 38th Street is a multi-family home for sale in Seattle, WA 98103. This property was listed for sale on June 17, 2026 by Westlake Associates, Inc., it's currently listed at $1,900,000. It has been on the market for a total of 1 days and was last sold on January 5, 2005. This listing's school district is Seattle Public Schools. Nearby schools include B F Day Elementary School, Hamilton International Middle School and Lincoln High School. 816 North 38th Street is a 6-bed, 6-bath, 5,030 sqft multi-family home built in 1990.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Westlake Associates, Inc.

Based on information submitted to the MLS GRID as of 06/17/2026 01:13 PM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.