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253-691-8561
Terrafin Real Estate
5018 20th Avenue NE, Seattle, WA 98105
- $1,145,000
- 6
- BD
- 3
- BA
- 2,370
- SqFt
Listing Broker: Keller Williams Rlty Bellevue; Maggie Sun; 425-615-8293; maggie@maggiesunre.com
- List Price
- $1,145,000
- Status
- ACTIVE
- Days on Market
- 5
- Price Change
- ▼ $105,000 1791610958
- MLS#
- 2582722
- Subtype
- Residential
- Style
- 18 - 2 Stories w/Bsmnt
- Year Built
- 1920
- Bedrooms
- 6
- Bathrooms
- 3
- Living Area
- 2,370
- Lot Size
- 3,700
- Acres
- 0.08
- Subdivision
- University District
- Neighborhood
- University District
- Building Name
- Ravenna Springs Park Add
- MLS Area Major
- North Seattle
Property Description
Rare investment and development opportunity within walking distance to the University of Washington! This single-family home sits on a level, highly usable lot in an exceptional location with strong long-term potential. The existing home offers immediate flexibility for rental income, with potential use as rental housing or a boarding home, subject to applicable regulations and approvals. For builders and developers, the property may also offer exciting redevelopment possibilities, including townhomes or multifamily/apartment development, subject to zoning and City approval. A one-car garage provides additional parking and storage. With its flat lot, existing residence, outstanding proximity to UW, and multiple potential investment strategies, this property is an excellent opportunity for investors, developers, or builders looking to secure a well-located asset in one of Seattle’s most consistently in-demand rental areas. Buyer to verify zoning, development potential, cash flow investment, and permitting requirements to their satisfaction.
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Additional Information
- Interior Features
- Bath Off Primary, Dbl Pane/Storm Window, Dining Room, Fireplace, Walk-In Closet(s)
- Exterior Features
- Wood
- Property Description
- 18 - 2 Stories w/Bsmnt
- Flooring
- Vinyl Plank
- Heating
- Forced Air
- Air Conditioning
- None
- Levels
- Two
- Roof
- Composition
- Parking Features
- Attached Garage
- School District
- Seattle
- Elementary School
- Laurelhurst
- Middle School
- Eckstein Mid
- High School
- Roosevelt High
- View
- Territorial
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.