4046 8th Avenue NE, Seattle, WA 98105
- $3,000,000
Listing courtesy of Kidder Mathews. Selling Office: WeLakeside.
- Sold Price
- $3,000,000
- List Price
- $3,200,000
- Status
- SOLD
- MLS#
- 2498571
- Closing Date
- Jun 24, 2026
- Days on Market
- 89
- Style
- 56 - 10+ Units
- Building Condition
- Very Good
- Annual Tax Ammount
- 46400
- Lot Size (sq ft)
- 4,156
- Sewer
- Sewer Connected
Property Description
U Studios offers a rare investment opportunity in Seattle’s highly desirable U-District, just blocks from the University of Washington, The Ave retail corridor, and the U District light rail station, providing tenants exceptional access to campus, jobs, dining, and entertainment. The property features high-end unit finishes and modern building systems, including an innovative solar thermal energy system that delivers highly efficient heating and hot water. With strong in-place operations generating immediate, reliable cash flow, U Studios presents an ideal 1031 exchange opportunity in a location where few properties match its combination of quality, scale, and performance.
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Additional Information
- List Date
- 2026-03-27 00:00:00
- Community
- University District
- Net Operating Income
- $180,820
- Gross Adjusted Income
- $337,917
- Gross Scheduled Income
- $330,720
- Total Monthly Income
- $27,552
- Insurance Expenses
- $6,588
- Water/Sewer/Garbage Expenses
- $11,838
- Gross Rent Multiplier
- 17
- Total Expenses
- $157,098
- Cap Rate
- 5.7
- Vacancy Rate
- 6
- Total Number of Units
- 1
- Unit Name
- 4046
- Potential Terms
- Cash, Conventional
- Year Built
- 2018
- View
- City
- Roof
- Flat
- Electric Expenses
- 11838
- Other Expenses
- 68595
- Energy Source
- Solar PV
- School District
- Seattle
- Total Monthly Income
- $27,552
- Gross Scheduled Income
- $330,720
- Vacancy Rate
- 6
- Gross Adjusted Income
- $337,917
- Tax Year
- 2026
- Insurance Expense
- $6,588
- W/S/G Expenses
- $11,838
- Total Expenses
- $157,098
- Net Operating Income
- $180,820
- Gross Rent Multiplier
- 17
- Cap Rate
- 5.7
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.