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Listed by:John L. Scott, Inc • Jonathan D. Bye
$1,200,000
Est. payment /mo
5 Beds
4 Baths
1,539 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,539 sqft
Price per Sqft $779
Subdivision University District
MLS Listing ID 2567359
Style 54 - 4-Plex
Bedrooms 5
Year Built 1959
Annual Tax Amount $19,721
Lot Size 5,000 Sqft
Property Sub-Type Multi Family
Property Description
Just steps from the University of Washington. Situated on 5,000 square foot parcel zoned Mid Rise (MR M1), the property features a diverse unit mix of one and two-bedroom residences averaging 473 square feet, providing broad appeal to workforce renters. The property benefits from an excellent location within walking distance of the University of Washington, placing residents near a wide array of academic facilities, rental destinations, dining options & major transportation corridors. The asset offers 6 off street parking spaces, a valuable amenity in this highly urbanized and supply concentrated neighborhood. Positioned in one of Seattle's most walkable communities, the property boasts a Walk Score of 93, a Bike Score of 83, a Transit Score of 82. The strong mobility metrics enhance the tenant demand and support of long term occupancy stability. Adding to the investment appeal, an additional fourplex located directly across the street is also available for purchase, presenting investors with a unique opportunity to achieve immediate scale and operational efficiencies within the same submarket. Combining a desirable unit mix, favorable zoning, excellent accessibility, and potential for portfolio expansion, this offering represents an attractive opportunity in one of Seattle's most dynamic rental markets.
Location
State WA
County King
Area 710 - North Seattle
Interior
Flooring Ceramic Tile, Hardwood
Fireplace false
Exterior
Exterior Feature Brick, Wood Products
View Y/N No
Roof Type Composition
Building
Lot Description Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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