$6,500,000
4731 12th Avenue NE, Seattle, WA 98105
25,500 Sq Ft
Favorite
Email

Website

MLS #2543808 / Listing provided by NWMLS & Lee & Associates Commercial RE.

$6,500,000

4731 12th Avenue NE
Seattle, WA 98105

Active 19 hours ago
25,500
Sq Ft
$255
Per Sq Ft
1961
Year Built

The Laureate presents a rare opportunity to acquire a well-maintained 23-unit multifamily asset building in the heart of the Seattle’s University District neighborhood and walking distance to both the University of Washington and the Link Light Rail Station. Originally built in 1961, the property benefits from recent extensive capital improvements and interior renovations, positioning the asset as a compelling combination of stable in-place income and future revenue growth potential. Ownership has invested significantly in the systems over the past 5 years: including a membrane roof replacement, replacement of all individual hot water tanks, securing and gating the parking for 17 vehicles, as well as overhauling the sprinkler system. Featuring a unit mix of 20 sizable 650 SF, 1-bedroom units and one 800 SF, 2-bedroom unit, select units have been renovated with modern finishes including luxury vinyl plank flooring, updated kitchens, stainless steel appliances, including dishwashers and in-unit W/D installations. All units feature A/C, and 1st floor units include patio access. The existing renovations provide future ownership with a blueprint to continue remodeling unit interiors and capture additional rental upside. Additionally, there is potential to assume the current debt with term through 2031.

Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.

Interior Features

Bedrooms

  • Upper Level Bedrooms: 0

Fireplaces

  • Total Fireplaces: 0

Heating & Cooling

  • Heating: Yes
  • Cooling: Yes
Exterior Features

Parking

  • Garage Spaces: 17
  • Parking Total: 17
  • Total Uncovered Parking Spaces: 0

Structure

  • Roof: Torch Down
  • Exterior Features: Cement/Concrete, Wood
  • Foundation: Poured Concrete

Lot Details

  • Lot Features: Paved, Sidewalk
  • Acres: 0.1722
  • Foundation: Poured Concrete
Area Features

Schools

  • High School District: Seattle

Lot Details

  • Lot Features: Paved, Sidewalk
  • Acres: 0.1722
  • Foundation: Poured Concrete
Utilities

Power

  • Energy Source: Electric
  • Power Company: Seattle City Light

Water, Sewer, and Garbage

  • Sewer Company: Seattle Public Utilities
  • Sewer: Sewer Connected
  • Water Company: Seattle Public Utilities
  • Water Source: Public
  • Water, Sewer, and Garbage: 27551
Mortgage Calculator
Details Home Team

Details Home Team

Send Details Home Team an email