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253-691-8561
Terrafin Real Estate
4714 17th Avenue NE, Seattle, WA 98105
- $4,500,000
- 11,560
- SqFt
Listing Broker: Kidder Mathews; Max Frame; 360-705-2800; max.frame@kidder.com
- List Price
- $4,500,000
- Status
- PENDING
- MLS#
- 2549082
- Subtype
- Residential Income
- Style
- 56 - 10+ Units
- Year Built
- 1909
- Living Area
- 11,560
- Lot Size
- 8,640
- Acres
- 0.20
- Subdivision
- University District
- Neighborhood
- University District
- MLS Area Major
- North Seattle
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
- Amenities
- Coin Op Laundry
- Exterior Features
- Wood Products
- Property Description
- 56 - 10+ Units
- Flooring
- Laminate
- Heating
- Baseboard
- Air Conditioning
- None
- Roof
- Composition
- School District
- Seattle
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.