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MLS: #NWM2568199, Listed By: Reid Jones, Westlake Associates, Inc., Source:NWMLS - Northwest Multiple Listing Service

3261 Fuhrman Avenue

Seattle, WA 98102
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Bed 0

Bed

Bath 0

Bath

SqFt6,765

Sqft

Acres0.21

Acre(Lot)

The Portage Bay Plaza located at 3261 Fuhrman Ave E, presents a rare opportunity to invest in the extremely well-located north end of Portage Bay between the Eastlake and Montlake neighborhoods. The property offers large floor plans with a mix of seven 1-bedroom / 1-bath units and two 2-bedroom / 1.5-bath units, plus ample off-street parking. Wood-frame construction with a well-maintained brick exterior gives the building genuine mid-century character, while private decks with views of the Bay set it apart from typical residences in the neighbor-hood. Sitting on a large 9,220 SF parcel zoned LR3 (M), the property also carries long-term redevelopment optionality for townhomes or a larger apartment project. Current ownership has well maintained the property with meaningful recent capital improvements, while a new owner has an attractive opportunity to increase income by bringing on professional management and completing interior renovations. The majority of units feature hardwood or LVP flooring, with recent upgrades including updated cabinetry, quartz countertops, stainless-steel appliances, and mod-ern lighting. This leaves a clear and straightforward path to increasing value: finish the renovation program in the units that have not yet been updated, push parking income toward market, and add in-unit laundry to more units, which ownership has already proven out by converting one unit during their hold.

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Detail Ic Property Details

Property Type : Residential Income

Price : $2,750,000

AD Id : 89479629

MLS Id : NWM2568199

Lot Size : 0.21 Acre

Living Area Size : 6,765

Year Built : 1952

County : King

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Feature Features

  • Interior Features

    Roof: Flat

    Roofing Information

    Flat
  • Flooring Information

    Flooring: Laminate, Vinyl Plank Construction Materials: Brick, Wood
  • Heating & Cooling

    Heating: Baseboard Has Heating: Yes Cooling: None

  • Building Information

    Year Built: 1952
  • Exterior Features

    Brick, Wood Construction Materials: Brick, Wood

  • Lot Information

    Lot Description: Alley, Curbs, Paved, Sidewalk Lot Square Feet: 9220 Lot Acres: 0.2117

    Property Information

    Property Type: Residential Income Sub Type: Multi Family Structure Type: Multi Family

  • Listing Price Information

    Original List Price:$2750000

  • Tax Information

    Annual Tax: $29608 Tax Year: 2026 Parcel Number: 1959703190

  • Parking Information

    Total Parking: 8

  • Utility Information

    Sewer: Sewer Connected
  • Location Information

    Subdivision: Portage Bay City: Seattle Direction: From I-5, take NE 45th St exit toward U-District. Continue east on NE 45th St, turn right on 25th Ave NE. Continue to Fuhrman Ave E and turn left. Continue south toward Portage Bay. Site is on right.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
267 E Newton Street, Seattle, WA, 98102 $1,149,000 -- -- 1,760 1,760 SqFt
702 11th Avenue, Seattle, WA, 98102 $1,350,000 -- -- 3,830 3,830 SqFt
741 Federal Avenue, Seattle, WA, 98102 $3,250,000 -- -- 7,165 7,165 SqFt
746 10th Avenue, Seattle, WA, 98102 $1,600,000 -- -- 3,000 3,000 SqFt
315 12th Avenue, Seattle, WA, 98102 $1,795,000 -- -- 4,587 4,587 SqFt
1010 Bellevue Court, Seattle, WA, 98102 $1,300,000 -- -- 2,230 2,230 SqFt
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ByOwner last updated this listing 08/23/2026 @ 06:20

MLS: NWMLS #2568199 LISTED BY: Reid Jones, Westlake Associates, Inc. 206-505-9400 SOURCE: NWMLS - Northwest Multiple Listing Service (Listings courtesy of NWMLS - Northwest Multiple Listing Service as distributed by MLS GRID)

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