USAWASeattleUniversity District4731 12Th Ave Ne
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$6,500,000

For Sale

3 days ago

4731 12Th Ave Ne, Seattle, WA

House

MLS® 2543808

0 Bed

0 Bath

--

17 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage Yes
Taxes $47,556
Days Active 2
Lot Size 0.1722 Acres
Approx. Age 1961
MLS® Number 2543808

Property Address: 4731 12th Ave Ne, Seattle, WA, 98105-5542

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number2543808
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1961
Basement
Driveway
Garage Spaces
HeatBaseboard
A/CCentral Air

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 22, 2026List Date
$6,500,000List Price
  • Commute

Commute

Starting Address
Destination Address
4731 12Th Ave Ne, Seattle, WA

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