4247 7th Ave NE - Apartments FOR SALE


Seattle, WA 98105
$2,250,000 USD
425-233-8906
4247 7th Ave NE, Seattle, WA for Sale
$2,250,000 USD
Apartments - FOR SALE
1/7
null | 2.63% Cap Rate

4247 7th Ave NE
Seattle, WA 98105


HIGHLIGHTS

  • Prime Investment Opportunity in Seattle’s U-District!
  • Zoned MR (M1) for mid-rise multifamily development, the property features an 80-foot height limit, 4.5 FAR, and no parking requirements

OVERVIEW

Prime Investment Opportunity in Seattle’s U-District! This fully leased duplex on a spacious 6,600 SF lot offers steady rental income and strong development potential. Survey and geotechnical reports is ready for your next project. Zoned MR (M1) for mid-rise multifamily development, the property features an 80-foot height limit, 4.5 FAR, and no parking requirements. Located within walking distance to the UW campus, Light Rail, and quick access to I-5. Don’t miss this rare chance to invest in one of Seattle’s most desirable neighborhoods! The University of Washington, ranked No. 7 globally and No. 2 among U.S. public universities (U.S. News & World Report), this property is perfect for both ongoing rental use or future development.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$805 USD /SF

# OF UNITS

2

PRICE/UNIT

$1,125,000

CAP RATE

2.63%

% LEASED

2%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

UW 4247 Duplex

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1914

PARKING SPACES

6

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

MR(M1)

APN/PARCEL ID

409230-0800

ASK ABOUT THIS PROPERTY

Donald TsaiProlink RealtyMore Info
425-233-8906

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Donald TsaiProlink RealtyMore Info
425-233-8906

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.