5248 11th Avenue NE, Seattle, WA 98105
- $850,000
- 1,540
- SqFt
Listing courtesy of Windermere RE Greenwood. Selling Office: Marketplace Sotheby's Intl Rty.
- Sold Price
- $850,000
- List Price
- $825,000
- Status
- SOLD
- MLS#
- 2498534
- Closing Date
- Apr 24, 2026
- Days on Market
- 1
- Style
- 52 - Duplex
- Finished SqFt
- 1,540
- Area Total SqFt
- 1540
- Annual Tax Ammount
- 7797
- Internet Provider
- Century Link
- Lot Size (sq ft)
- 3,000
- Sewer
- Sewer Connected
Property Description
Turnkey duplex is a gem in Seattle's vibrant University District. Ideal for owners or investors targeting strong rental demand. Enjoy immediate cash flow with two fully rentable units optimized for flexibility: Unit A (Main) 2-bed, 1-bath ground lvl access and Unit B (Upper) 1-bed, 1-bath. At 1,540 rentable sq ft plus a storage basement, it's suited for long-term leases, short-term rentals, or Section 8. Recent upgrades enable above-market rents where demand exceeds supply. FIFA World Cup & Airbnb forecasts $1200 per night in June and $4,000 per night in early July. Located steps from UW campus & Ave Shops. Short drive to Lumen Field and 5 minute bike/scooter or 15 minute walk to light rail.
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Additional Information
- List Date
- 2026-04-23 00:00:00
- Community
- University District
- Net Operating Income
- $37,101
- Gross Adjusted Income
- $48,450
- Gross Scheduled Income
- $51,000
- Total Monthly Income
- $3,092
- Insurance Expenses
- $1,764
- Water/Sewer/Garbage Expenses
- $1,788
- Gross Rent Multiplier
- 16.2
- Total Expenses
- $11,349
- Cap Rate
- 4.5
- Vacancy Rate
- 5
- Total Number of Units
- 2
- Unit Name
- 5248
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1908
- Roof
- Composition
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Mc Donald Elem
- Middle School
- Hamilton Mid
- High School
- Lincoln High
- Total Monthly Income
- $3,092
- Gross Scheduled Income
- $51,000
- Vacancy Rate
- 5
- Gross Adjusted Income
- $48,450
- Tax Year
- 2025
- Insurance Expense
- $1,764
- W/S/G Expenses
- $1,788
- Total Expenses
- $11,349
- Net Operating Income
- $37,101
- Gross Rent Multiplier
- 16.2
- Cap Rate
- 4.5
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.