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Toril White

1toril@torilsellshouses.com +1(253) 350-2638

Listed by:John L. Scott, Inc • Jonathan D. Bye

$995,000

Est. payment - /mo

3 Beds

4 Baths

1,730 SqFt

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,730 sqft

Price per Sqft $575

Subdivision University District

MLS Listing ID 2567345

Style 54 - 4-Plex

Bedrooms 3

Year Built 1908

Annual Tax Amount $10,014

Lot Size 2,500 Sqft

Property Sub-Type Multi Family

Property Description

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 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.

Location

State WA

County King

Area 710 - North Seattle

Interior

Fireplace false

Exterior

Exterior Feature 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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Toril White

+1(253) 350-2638

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709 NE 43rd ST Seattle, WA 98105

Toril White

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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