5234 University Way NE Seattle WA 98105 MLS #NWM2367684

Listing Provided Courtesy of Westlake Associates, Inc.
The Devoe Apartments feature (17) thoughtfully designed residential units above (2) thriving commercial spaces. (12) apartments have been recently renovated, with (4) boasting in-unit washer/dryers. Units showcase elegant hardwood floors, select leaded-glass accents, and unpainted natural woodwork, blending historic charm with modern appeal. Built in 1928, this charming brick building is situated on a serene section of The Ave, offering proximity to the Univ. of Washington, an array of bars and restaurants, seamless I-5 access, and is equidistant to University Village and Green Lake. Zoned NC3P-65 (Neighborhood commercial), this property is primed for investors seeking to maximize revenue through short-term rentals, pending City approval.

Property Details

Price:
$5,900,000
MLS #:
NWM2367684
Status:
Active
Beds:
0
Baths:
0
Address:
5234 University Way NE
Type:
Multi Family
Subdivision:
University District
Neighborhood:
710 – North Seattle
City:
Seattle
Listed Date:
Apr 29, 2025
State:
WA
Finished Sq Ft:
13,873
Total Sq Ft:
13,873
ZIP:
98105
Year Built:
1928
Units:
19

Schools

School District:
Seattle

Interior

Cooling
None
Flooring
Hardwood, Vinyl, Vinyl Plank
Heating
Radiant

Exterior

Construction Materials
Brick, Wood
Exterior Features
Brick, Wood Products
Roof
Flat

Financial

Net Operating Income
$264,602
Tax Year
2024
Taxes
$44,835

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5234 University Way NE
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