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

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