USAWASeattlePortage Bay3261 Fuhrman Avenue E
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$2,750,000

For Sale

9 days ago

3261 Fuhrman Avenue E, Seattle, WA

House

MLS® 2568199

0 Bed

0 Bath

--

8 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage 
Taxes $29,608
Days Active 8
Lot Size 0.2117 Acres
Approx. Age 1952
MLS® Number 2568199

Property Address: 3261 Fuhrman Avenue E, Seattle, WA, 98102

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number2568199
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1952
Basement
Driveway
Garage Spaces
HeatBaseboard
A/CNone

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 12, 2026List Date
$2,750,000List Price
  • Commute

Commute

Starting Address
Destination Address
3261 Fuhrman Avenue E, Seattle, WA

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