Provided by NWMLS, Listed by Winslow Lee, Kidder Mathews

5234 University Way NE

Seattle, WA, 98105

$5,500,000

$478 per ft²
$5,500,000
$478 per ft²
Pending
Pending
 - For Sale
carpenters-square
11,500 ft²
property_type
Multi-family
calendar
Built 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.
MLS® ID:
1970616
Listed:
7/17/22
Updated:
10/7/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Interior Features
Hardwood, Wall to Wall Carpet
Floor Description
Hardwood, Vinyl, Carpet

Exterior/Building Features

Lot Size
4,650 ft² lot
Exterior Features
Brick, Wood Products
Architectural Style
Multi Family
Lot Details
Alley, Curbs, Paved, Sidewalk, Value In Land
Roof
Torch Down
Sewer
Sewer Connected

School Information

High School
Seattle

Other Property Details

Area Name
710 - North Seattle
Taxes
$42016
Tax Frequency
per YEAR
Garage
No
Parking
N
View
Y
County
King
Utilities
Sewer Connected, Electricity Available
Water Source
Public
Pool
No
Total Stories
4

Property History

Date
Event
Price
Value
8/8/22
Pending
-
-

Provided by NWMLS, Listed by Winslow Lee, Kidder Mathews

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Data last updated 9:32 PM UTC, 10/7/22

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