3315 Claremont Avenue S, Seattle, WA 98144
- $1,515,000
- 4,880
- SqFt
Listing courtesy of Paragon Real Estate Advisors. Selling Office: Paragon Real Estate Advisors.
- Sold Price
- $1,515,000
- List Price
- $1,675,000
- Status
- SOLD
- MLS#
- 2440129
- Closing Date
- Mar 13, 2026
- Days on Market
- 142
- Style
- 55 - 5-9 Units
- Finished SqFt
- 4,880
- Area Total SqFt
- 4880
- Annual Tax Ammount
- 12746
- Lot Size (sq ft)
- 4,560
- Sewer
- Sewer Connected
Property Description
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.
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Additional Information
- List Date
- 2025-10-22 00:00:00
- Community
- Mt Baker
- Net Operating Income
- $103,563
- Gross Adjusted Income
- $141,669
- Gross Scheduled Income
- $143,100
- Total Monthly Income
- $11,925
- Insurance Expenses
- $5,500
- Water/Sewer/Garbage Expenses
- $12,469
- Gross Rent Multiplier
- 11.71
- Total Expenses
- $38,106
- Cap Rate
- 6.18
- Vacancy Rate
- 1
- Total Number of Units
- 5
- Unit Name
- 3315
- Potential Terms
- Cash, Conventional
- Year Built
- 1992
- Roof
- Composition
- Other Expenses
- 7391
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $11,925
- Gross Scheduled Income
- $143,100
- Vacancy Rate
- 1
- Gross Adjusted Income
- $141,669
- Tax Year
- 2025
- Insurance Expense
- $5,500
- W/S/G Expenses
- $12,469
- Total Expenses
- $38,106
- Net Operating Income
- $103,563
- Gross Rent Multiplier
- 11.71
- Cap Rate
- 6.18
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.