5607 12th Avenue NE, Seattle, WA 98105
- $1,250,000
- 3,234
- SqFt
Listing courtesy of Keller Williams Realty Bothell. Selling Office: eXp Realty.
- Sold Price
- $1,250,000
- List Price
- $1,250,000
- Status
- SOLD
- MLS#
- 2487501
- Closing Date
- Apr 07, 2026
- Days on Market
- 5
- Style
- 55 - 5-9 Units
- Building Condition
- Very Good
- Finished SqFt
- 3,234
- Area Total SqFt
- 3234
- Annual Tax Ammount
- 13579
- Lot Size (sq ft)
- 3,000
- Sewer
- Sewer Connected
Property Description
Rare opportunity to acquire a high-performing University of Washington student housing asset. This 2007-built property offers 8 bedrooms and 4 bathrooms across approximately 3,234 square feet and is configured for strong group housing demand in the U-District. The property is currently leased for the 2026–2027 academic year at $8,100 per month ($97,200 annually) under a joint & several lease structure, providing immediate income visibility for the upcoming school year. Unlike much of the surrounding U-District housing stock built in the early 1900s, this residence benefits from newer construction with modern systems, radiant hydronic heating, updated interior paint, and new LVP flooring completed in 2026. Tenants historically pay utilities, keeping operating expenses simple. The property features a large kitchen with island, stainless appliances, dual laundry areas, rear deck, covered front porch, and off-street alley access parking. The property operates on an academic-year leasing cycle aligned with the University of Washington calendar. After the current lease term ends in August 2027, a buyer may continue operating the property as student housing or explore owner-occupancy while leasing additional rooms.
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Additional Information
- List Date
- 2026-04-02 00:00:00
- Community
- University District
- Net Operating Income
- $80,821
- Gross Adjusted Income
- $97,200
- Gross Scheduled Income
- $97,200
- Total Monthly Income
- $8,100
- Insurance Expenses
- $2,800
- Gross Rent Multiplier
- 12
- Total Expenses
- $16,379
- Cap Rate
- 6.4
- Total Number of Units
- 1
- Unit Name
- 5607
- Potential Terms
- Conventional
- Year Built
- 2007
- Roof
- Composition
- Energy Source
- Electric, Natural Gas
- School District
- Seattle
- Total Monthly Income
- $8,100
- Gross Scheduled Income
- $97,200
- Gross Adjusted Income
- $97,200
- Tax Year
- 2026
- Insurance Expense
- $2,800
- Total Expenses
- $16,379
- Net Operating Income
- $80,821
- Gross Rent Multiplier
- 12
- Cap Rate
- 6.4
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.