4731 12th Avenue, Seattle, WA 98105

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Listing Firm: Lee & Associates Commercial RE (206-773-2696). Listings with the three tree icon are courtesy of NWMLS.

4731 12th Avenue

Seattle, WA 98105

LISTING #2543808

REQUEST DETAILS SCHEDULE A SHOWING VIEW THE VIRTUAL TOUR

$6,500,000

STATUS Active

YEAR BUILT 1961

PROPERTY TYPE Residential Income

ABOUT THIS PROPERTY

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.

PROPERTY DETAILS

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Location Information

County King

Community Seattle

Latitude 47.664077

Longitude -122.315576

Directions From I5S take exit 169 toward NE 50th St/NE 45th. Follow signs for NE 50th St and merge onto 5th Ave NE. Left on NE 50th St. Right on 12th Ave NE. Property is on the right.

Subdivision Name University District

Interior Features

Has Fireplace No

Number of Fireplaces 0

Heating Baseboard

Cooling Central Air

Floors Vinyl Plank, Carpet

Exterior Features

Style 10+ Units

Is New Construction Yes

Exterior Cement/Concrete, Wood

Foundation Poured Concrete

Roof Torch Down

Water Source Public

Septic or Sewer Sewer Connected

Covered Spaces 17

Water Seattle Public Utilities

Electric Seattle City Light

Power Production Type Electric

Parking Spaces 17

Site Features High Speed Internet, Patio, Sprinkler System

Lot Features Paved, Sidewalk

Lot Size in Acres 0.1722

Lot Size in Sq. Ft. 7,500

Building Total Area 25500 Square Feet

Has Waterfront No

Has View No

School

High School District Seattle

Additional Information

Possession Closing

Property Type Residential Income

Property Subtype Multi Family

Structure Type Multi Family

Year Built 1961

Status Active

Tax Year 2026

Tax Amount $47,556

Lot Acres Source King County

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