4226 7th Avenue NE Seattle WA 98105 MLS #NWM2371389

Listing Provided Courtesy of Globenex Realty
Multi-family building in the heart of University District! Great Development opportunity. Zoned to midrise, up to 80 feet. Imagine New building rising up on this 5,000 sqft lot. Fast growing area. This property presents 7 rentable units/7 parking spaces, currently generating impressive $15,120/m rental income. Super convenient location. Walking distance to UW. Close to I-5 express line entrance. Easy access to Downtown, SLU, Northgate & Eastside. Bus & LightRail nearby. All rented, hardly any vacancy. Each unit has two bedroom one bath, washer/dryer inside, except unit 7 is a stand alone one bdrm cottage, remodeled recently. Investors will benefit from a diverse resident pool of students and young professionals. Newer roof. Well-maintained.

Property Details

Price:
$3,280,000
MLS #:
NWM2371389
Status:
Active
Beds:
0
Baths:
0
Address:
4226 7th Avenue NE
Type:
Multi Family
Subdivision:
University District
Neighborhood:
710 – North Seattle
City:
Seattle
Listed Date:
May 8, 2025
State:
WA
Finished Sq Ft:
5,011
Total Sq Ft:
5,011
ZIP:
98105
Lot Size:
5,000 sqft / 0.11 acres (approx)
Year Built:
1911
Units:
8

Schools

School District:
Seattle

Interior

Cooling
None

Exterior

Construction Materials
Wood
Exterior Features
Wood
Parking Spots
7
Roof
Composition

Financial

Net Operating Income
$141,895
Tax Year
2024
Taxes
$20,040

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