5101 Ravenna Avenue NE Seattle WA 98105 MLS #NWM2357939

Listing Provided Courtesy of Lee & Associates Commercial RE
Ravenna Terrace, a 7-unit building ideally situated near work, school & play, Ravenna Terrace features an attractive mix of 6 2-bed & 1 1-bed units. These mid-century floorplans average in size of 686sf & have received updates to cabinetry, counters & appliances on turns. Ownership has replaced all the windows with double pane units & the roof has received a recoat in last 2 yrs. With nearby economic drivers including Seattle Children’s, U-Village and UW Hospital as well as UW. Investors will benefit from a diverse tenant pool. A well cared for asset, Ravenna Terrace presents an attractive opportunity to realize upside from current below market rents as well as additional lift through unit upgrades.

Property Details

Price:
$2,250,000
MLS #:
NWM2357939
Status:
Active
Beds:
0
Baths:
0
Address:
5101 Ravenna Avenue NE
Type:
Multi Family
Subdivision:
Ravenna
Neighborhood:
710 – North Seattle
City:
Seattle
Listed Date:
Apr 10, 2025
State:
WA
Finished Sq Ft:
4,800
Total Sq Ft:
4,800
ZIP:
98105
Lot Size:
500 sqft / 0.01 acres (approx)
Year Built:
1956
Units:
7

Schools

School District:
Seattle

Interior

Cooling
None
Flooring
Softwood, Hardwood, Laminate, Vinyl Plank
Heating
Baseboard

Exterior

Construction Materials
Brick
Exterior Features
Brick
Roof
Flat

Financial

Net Operating Income
$95,395
Tax Year
2025
Taxes
$15,389

Map

Contact Us

Send
  

Mortgage Calculator

 

Similar Listings Nearby

5101 Ravenna Avenue NE
Seattle, WA