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Listed by: Reid Jones (206) 505-9401 | Westlake Associates, Inc. (206) 505-9400
$2,750,000
Monthly Est:$13,688
11 Beds
11 Baths
6,765sqft
3261 Fuhrman Ave E, Seattle, WA 98102
$2,750,000
$13,688/moEst:
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Multi Family
Built in 1952
$-- HOA
9,220 sqft lot
$407/sq.ft
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.
- Houzeo last checked: 12 hours ago
- Listing updated: September 23, 2026 at 1:39 am
- Source: Northwest Multiple Listing Service | MLS#: NWM2568199
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1952
HOA Fees
-
Finished Area
6,765 sqft
Lot Size
9,220 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2568199
MLS Status
Active
Days on Market
50
Cumulative Days on Market
50
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 11
Bathrooms: 11
Interior
Flooring
Laminate, Vinyl Plank
Exterior Features
Brick, Wood
Sewer
Sewer Connected
Heating
Baseboard
Cooling
None
Construction
Year Built
Year Built: 1952
Home type
Multi Family
Roof
Flat
Construction Materials
Brick, Wood
Other Features
Lot Features
Alley, Curbs, Paved, Sidewalk
Subdivision Name
Portage Bay
Price History
| Date | Event | Price |
|---|---|---|
08/12/2026 Source: | Listed for Sale | $2,750,000 $407/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 01, 2026, 02:47PM. 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; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
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