Provided by NWMLS, Bought with Kidder Mathews and Listed by Kidder Mathews
Sold
5234 University Way NE
Seattle WA, 98105
$4,950,000
$430.43 per sqft
Sold
11,500 sqft
Multi-family
Built in 1928
Devoe is a charming 19-unit value-add apartment with proven rent upside. Current ownership has renovated 6 of the 17 residential units and is averaging an 85% increase over previous in-place rents. Recent capital improvements include new roof, new central boilers, vinyl windows, and electrical and plumbing upgrades. Attractively priced a $289,000 per unit and a 5.9% cap rate upon stabilization.
1970616
MLSⓇ ID
July 18, 2022
Listed
March 21, 2024
Updated
Map
5234 University Way NE
Seattle WA, 98105
Interior Features
Total Stories
4
Interior Features
Hardwood, Wall to Wall Carpet
Floor Description
Hardwood, Vinyl, Carpet
Fireplace
No
Cooling
No
Heating
Yes
Exterior/Building Features
Lot Size
0.11 Acres
Exterior Features
Brick, Wood Products
Lot Features
Alley, Curbs, Paved, Sidewalk, Value In Land
Roof
Torch Down
Sewer
Sewer Connected
School Information
School District
Seattle
Other Property Details
Area Name
710 - North Seattle
Taxes
$42,016
Tax Frequency
Annually
Garage
No
Parking Total
0
View
Yes
View Description
City, Lake, Territorial
County
King
Water Source
Public
Pool
No
The IDX display contains information sourced from the Northwest Multiple Listing Service as of 3/21/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 3/21/2024 at 8:41 PM UTC