08/23/2026
🏡 **OPEN HOUSE TODAY | 1–3 PM**
📍 **4707 Phinney Ave N, Seattle**
💰 **Offered at $1,210,000**
Investors & 1031 exchange buyers — if you’re looking for a multifamily property with **current income AND multiple ways to potentially increase value**, come see this Phinney Ridge duplex today.
Brokers friends - send your potential buyers and I'll connect back with you on a review of the numbers and proforma.
What makes this opportunity interesting? 👇
💰 **Immediate Rental Income**
Both spacious units are currently occupied, providing income from day one.
📈 **Potential Rent Upside**
Current rents are below market, creating an opportunity to potentially improve cash flow without taking on a major renovation project.
🏗️ **Potential 3rd Unit / Additional Income**
There’s also **1,100+ sq. ft. of unfinished basement space with a separate entrance**, offering the potential to explore adding another unit or creating additional tenant amenities.
🏘️ **Long-Term Development Potential**
The 5,000 sq. ft. property is zoned **LR1(M)**, providing another potential avenue for future value.
✨ Two large 2-bedroom units
✨ 3,780 total sq. ft. (approx)
✨ Each unit over 1,300 sqft (approx)
✨ Fenced backyard with grass
✨ Near Woodland Park, Green Lake, Fremont & Phinney Ridge
✨ Convenient access to downtown Seattle and the Eastside
Whether you’re looking for an **easy-to-understand 1031 exchange, your first multifamily investment, or another property for your portfolio**, this one offers several potential strategies instead of just one.
🏡 **OPEN TODAY — 1:00 to 3:00 PM**
📍 4707 Phinney Ave N, Seattle, WA 98103
Stop by and let’s talk through the possibilities! Additional interior photos available upon request.
**Julie Clark | eXp Realty**
📧 Email: [email protected]
*Buyer to verify rents, zoning, development potential, feasibility, permitting and allowable uses to their own satisfaction.*