5030 15th Avenue NE Unit #1-5, Seattle, WA 98105
- $1,325,000
- 4,005
- SqFt
Listing courtesy of Kidder Mathews.
- List Price
- $1,325,000
- Status
- ACTIVE
- MLS#
- 2583445
- Days on Market
- 0
- Style
- 55 - 5-9 Units
- Finished SqFt
- 4,005
- Area Total SqFt
- 4005
- Annual Tax Ammount
- 13209
- Lot Size (sq ft)
- 4,320
- Sewer
- Sewer Connected
Property Description
Ideally located just a few blocks north of the University of Washington campus, this 5-unit multifamily apartment community is within walking distance of The Ave's retail and dining corridor and benefits from the neighborhood's excellent transit connectivity. The property features a desirable unit mix of two one-bedroom and three two-bedroom units, averaging approximately 763 square feet. The building has a pitched composition roof. Two units have been recently renovated, and capital improvements include an updated electrical system with Square D panels, new sewer lines and dual-pane windows throughout, reducing near-term capex exposure for a new owner. The three remaining classic units offer rent upside upon turnover, giving investors a phased value-add path rather than requiring day-one repositioning. Five off-alley parking spaces, a meaningful advantage in this parking-constrained submarket, plus on-site laundry and storage round out the offering, supporting both tenant retention and ancillary income potential. Offered at $265,000 per unit and below $350 per square foot, the property presents an attractive basis and offers long-term stability close to the city's largest institutions.
/u.realgeeks.media/homes77/logo-full.png){kind=logo}
Additional Information
- List Date
- 2026-09-16 19:03:13
- Community
- University District
- Net Operating Income
- $69,063
- Gross Adjusted Income
- $110,010
- Gross Scheduled Income
- $115,800
- Total Monthly Income
- $9,500
- Insurance Expenses
- $4,500
- Water/Sewer/Garbage Expenses
- $8,081
- Gross Rent Multiplier
- 11.4
- Total Expenses
- $40,947
- Cap Rate
- 5.21
- Vacancy Rate
- 5
- Total Number of Units
- 5
- Unit Name
- 5030
- Potential Terms
- Cash, Conventional
- Year Built
- 1911
- Roof
- Composition
- Site Features
- Fenced-Partially
- Other Expenses
- 15157
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Laurelhurst
- Middle School
- Eckstein Mid
- High School
- Roosevelt High
- Total Monthly Income
- $9,500
- Gross Scheduled Income
- $115,800
- Vacancy Rate
- 5
- Gross Adjusted Income
- $110,010
- Tax Year
- 2026
- Insurance Expense
- $4,500
- W/S/G Expenses
- $8,081
- Total Expenses
- $40,947
- Net Operating Income
- $69,063
- Gross Rent Multiplier
- 11.4
- Cap Rate
- 5.21
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.