4714 17th Avenue NE, Seattle, WA 98105
- $4,500,000
- 11,560
- SqFt
Listing courtesy of Kidder Mathews.
- List Price
- $4,500,000
- Status
- PENDING
- MLS#
- 2549082
- Days on Market
- 28
- Style
- 56 - 10+ Units
- Building Condition
- Good
- Finished SqFt
- 11,560
- Area Total SqFt
- 11560
- Annual Tax Ammount
- 42489
- Lot Size (sq ft)
- 8,640
- Sewer
- Sewer Connected
Property Description
Highly Attractive Seller Financing 3.85%, 20% Down, 5 Years. UW 17th Rooming Houses offers investors a rare opportunity to acquire two adjacent rooming houses in Seattle’s highly desirable U-District/Greek Row location, just a 4-minute walk to the University of Washington campus, 9-minute walk to the U-District Light Rail Station, and 20-minute walk to University Village. The property features a combined 45 bedrooms, 5 kitchens, 11 bathrooms, 11,560 rentable SF, 8,640 SF of land, and 6 parking stalls. With average in-place rents of approximately $719/bed compared to projected market rents of $850/bed, the asset provides clear upside through light interior updates, operational improvements, and potential reconfiguration strategies. New roofs were completed in 2023, with mostly updated plumbing and electrical systems, offering investors a strong foundation in one of Seattle’s most consistent student-housing rental markets.
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Additional Information
- List Date
- 2026-07-03 00:11:12
- Community
- University District
- Net Operating Income
- $272,027
- Gross Adjusted Income
- $418,967
- Gross Scheduled Income
- $368,079
- Total Monthly Income
- $32,373
- Insurance Expenses
- $18,094
- Water/Sewer/Garbage Expenses
- $14,469
- Gross Rent Multiplier
- 17
- Total Expenses
- $146,940
- Cap Rate
- 6
- Total Number of Units
- 2
- Unit Name
- 4714
- Potential Terms
- Cash, Conventional, Owner Will Carry
- Year Built
- 1909
- Roof
- Composition
- Electric Expenses
- 14469
- Other Expenses
- 42950
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $32,373
- Gross Scheduled Income
- $368,079
- Gross Adjusted Income
- $418,967
- Tax Year
- 2026
- Insurance Expense
- $18,094
- W/S/G Expenses
- $14,469
- Total Expenses
- $146,940
- Net Operating Income
- $272,027
- Gross Rent Multiplier
- 17
- Cap Rate
- 6
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.