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6/25/26
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Curtis Capitol Group purchased The Francis, a 22-unit apartment community located at 3636 Francis Avenue N. in Seattle’s Fremont neighborhood, for $7 mil ($318k/unit).
Built in 1988, The Francis offers a well-maintained mix of studio, one-bedroom, and two-bedroom units in one of Seattle’s most established and amenity-rich rental submarkets. The acquisition delivers Curtis Capitol Group a cosmetic value-add opportunity featuring updated building systems and continued upside potential in a well-located neighborhood defined by enduring renter demand.
Situated on the north side of the Lake Washington Ship Canal, roughly four miles north of downtown Seattle, Fremont is one of the city’s few true 24-hour neighborhoods, offering a walkable, high-demand setting with a vibrant mix of employers, dining, shopping, and cultural amenities. Residents enjoy proximity to the Burke-Gilman Trail, Fremont Sunday Market, Woodland Park, and Seattle Pacific University, along with quick access to major employment centers across the city. Its enduring identity and limited new supply continue to reinforce Fremont’s position as one of Seattle’s strongest rental submarkets.
Matt Laird and Jack Shephard of Kidder Mathews’ Simon | Anderson Multifamily Team served as the exclusive brokers representing the seller, Trimark Property Group, and sourced the buyer in the deal.
“Fremont remains one of Seattle’s most sought-after neighborhoods, and well-positioned buildings like The Francis rarely trade,” said Laird. “This transaction reflects the continued depth of investor demand for quality multifamily investments in the city’s urban core, assets that are difficult to replicate and located where renters consistently want to live.”
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