5003 15th Avenue NE Seattle WA 98105 MLS #NWM2326092

Listing Provided Courtesy of Lee & Associates Commercial RE
The Davison is timeless, well-maintained pride of ownership building in the heart of the Seattle’s University District neighborhood and walking distance to the University of Washington. It features spacious units averaging 670 sf per unit with a unit mix of 10 studios and 13 1-bedrooms (buyer to verify). Units feature elegant crown molding, oak hardwood floors and vintage penny tile. Most units feature newer kitchen cabinets and granite countertops as well as vanities. The building also features six secure garage spaces with access off the alley. Sitting on an 8,220 sf LR3 zoned corner lot, the Davison is a handsome opportunity to realize significant rental upside in one of Seattle’s most sought-after and well supported rental markets

Property Details

Price:
$5,100,000
MLS #:
NWM2326092
Status:
Active
Beds:
0
Baths:
0
Address:
5003 15th Avenue NE
Type:
Multi Family
Subtype:
Multi-Family
Subdivision:
University District
Neighborhood:
710 – North Seattle
City:
Seattle
Listed Date:
Jan 24, 2025
State:
WA
Finished Sq Ft:
16,848
Total Sq Ft:
16,848
ZIP:
98105
Lot Size:
8,220 sqft / 0.19 acres (approx)
Year Built:
1926
Units:
23

Schools

School District:
Seattle

Interior

Cooling
None
Flooring
Ceramic Tile, Hardwood, Laminate, See Remarks
Heating
Baseboard

Exterior

Exterior Features
Brick
Parking Spots
5
Roof
Flat

Financial

Net Operating Income
$235,085
Tax Year
2024
Taxes
$56,078

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