Comptroveby RentSpire

Portage Bay Flats

4029 7TH AVE NE, Seattle, WA, 98105

Market rate 50 units (unit count basis: listing-reported) FEMA/NRI hazard read: Relatively Moderate

Asking & effective rent by bedroom

Average asking rent across observed units: $1,165. Average effective rent: $1,165.

TypeAsking rentEffective rentAvg sqftObservations
Studio$1,165$1,1653058

HUD Fair Market Rent gap

HUD area: Seattle-Bellevue, WA HUD Metro FMR Area.

FMR comparison not observed for this property.

Amenities

No amenities observed for this property.

Operator

not observed

Nearby comparable properties

Comparable apartments with rent data within 3 miles, ranked by the same similarity model used in the product.

PropertyLocationDistanceAvg askingSimilarity
The Den Seattle, WA 0.7 mi not observed 77%
Seattle Student Apartments in the U District Seattle, WA 0.58 mi not observed 77%
sunrisecascade Seattle, WA 0.53 mi $895 75%
The Stax Seattle, WA 0.68 mi $1,138 74%
Trinity 43rd Seattle, WA 0.29 mi not observed 74%
Clara Apartments Seattle, WA 0.81 mi $1,153 74%
Identity Seattle, WA 0.27 mi not observed 74%
Flow Eastlake Seattle, WA 0.46 mi not observed 72%

Sources & provenance

Sourced from https://portagebayflatsseattle.com/listings — 8 observation(s), last observed Aug 1, 2026.

Data age: 16 days. Last observed: Aug 1, 2026.

Market intelligence and decision support only. Not an appraisal, and not a recommendation to set any particular rent. Income-restricted product is never presented as a market-rate comparable — program type above reflects the governed affordability classification, not free-text asset labels.

Open the interactive comp report →