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Georgetown Fourplex

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To schedule a tour, contact Matt Laird:

  • Phone: 425.736.5516
  • Email: Matt.Laird@Kidder.com

Investment Opportunity

Best of Both Worlds

Georgetown 4 fills a rare niche in Seattle’s real estate market: It is an investment property in a trendy neighborhood that can easily be owner occupied.

Build Equity Quicker

Buy property in rapidly appreciating Georgetown. Owner occupants: live on site while tenants pay your mortgage. Harvest continuing rent growth driven by the desirability of both location and unit types.

Fully Upgraded with Limited Competition

Georgetown 4 is a turnkey property with over $125,000 spent on interior and exterior upgrades. The Georgetown submarket has only 12 other apartment buildings, meaning Georgetown 4 has limited competition from other rentals.

Listing Details

Price
$995,000
Address
6635 Carleton Avenue S, Seattle, WA 98108
Zoning
LR2(M)
Parking
1

Property Details

Property Type
Triplex + MIL
Total Units
4
Year Built
1908
Year Renovated
2019
NRSF
2,910
Number of Stories
2 + basement

Property Features

  • Rapidly appreciating Georgetown location
  • Minutes to I-5 freeway
  • Historic architectural features
  • Private entrances for units
  • Large storage area in basement
  • New paint and updated exterior landscaping
  • New stainless steel appliances
  • New vinyl plank flooring
  • Close to $125,000 spent on upgrades

Location

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Georgetown Fourplex

6635 Carleton Ave S
Seattle, WA 98108
Units: 3 + MIL
Price: $995,000

Georgetown is...

While Alki and Pioneer Square make headlines as Seattle’s oldest neighborhoods, Georgetown was one of the first places that settlers put down roots in the 1850s. Known widely for its industrial nature, Georgetown’s unique character is also shaped by pockets of residential and retail zoning that have transformed the neighborhood over the last decade.

Artists started settling in the area in the late 1980s, inhabiting old brick buildings and lofts that contribute to the authentic, quirky nature of the neighborhood. Home to musicians, foodies, and brewers alike, the strong cultural core that developed is still present in Georgetown’s 40+ galleries, diners, coffee shops, art studios, and bookstores.

As demand for housing in Seattle’s urban core began to skyrocket in 2013, Georgetown became a key emerging neighborhood just outside of the core, attracting residents seeking proximity without the high prices. However, because its residential zones primarily comprise townhouses and single-family homes rather than apartments, Georgetown quickly saw prices rise to rival more established Seattle neighborhoods.

Despite the economics of demand, to this day there has been very little development of apartment buildings. Opportunities for apartment seekers and investors remain few and far between, even as industry and amenities continue to grow and shape Georgetown’s future.

Hidden Gems

Georgetown 4 is surrounded by countless neighborhood amenities

Neighborhood Growth

Townhouses have appreciated 330% in 6 years

Proven Market

With 80 commercial sales since Q1 2017, Georgetown is an active and proven market

Industry

The new Prologis Georgetown Crossroads and G2 Campus are driving local job growth

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Exclusive Listing Brokers

Dylan Simon, Jerrid Anderson, and Matt Laird are exclusively representing the Seller in the sale of 6635 Carleton Ave S.

       

Direct: 425.736.5516