With an ideal location just steps from the University of Washington, the property is situated on a 2,500-square-foot parcel with Mid-Rise (MR M1) zoning. As a result, investors have a rare opportunity to acquire an exceptionally well-positioned multifamily asset in one of Seattle’s most desirable and supply-constrained rental markets. The… Read More property features a diverse unit mix consisting of studio and two-bedroom residences averaging 518 square feet, appealing to a broad tenant base. A prime location within walking distance of UW provides a consistent demand driver and strong long-term rental fundamentals. Significant capital improvements have already been completed, including a roof replacement within the last four years, upgraded Square D electrical panels, and full copper plumbing, helping reduce near-term capital expenditure requirements for a new owner. Further enhancing the investment appeal, the property boasts a Walk Score of 93 (“Walker’s Paradise”), an 83 Bike Score, and an 82 Transit Score, offering exceptional connectivity throughout Seattle. Investors also have the unique opportunity to acquire an additional fourplex located directly across the street at 710 NE 43rd Street, creating an immediate avenue for portfolio expansion & operational efficiencies within the same submarket. Read Less
Listing courtesy of John L. Scott, Inc
Listing Snapshot
Cumulative Days On Market
1
Days on Website
0
Last Updated
Property Type
Quadruplex
Square Ft.
1,730
Lot Size
0.06 Acres
Year Built
1908
Property Tax
$10,014
MLS Number
2567345
30 Days Snapshot Of 98105
$1.83M
+13%
(avg) sold price
22
-4%
homes sold
58
+41%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Building Area Total: 1730, Building Area Units: Square Feet, Calculated Square Footage: 1730, Construction Materials: Wood, Elevation Units: Feet, Leasable Area: 2070, Living Area: 0, Number Of Units Total: 4, Stories Total: 2, Structure Type: Quadruplex, Units In Building Total: 4, Year Built: 1908
Based on information submitted to the MLS GRID as of . 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. Listings last updated on ,
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