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11th Ave Assemblage 3 Properties Offered at $7,600,000 in Seattle, WA
Executive Summary
A unique opportunity to own the NE corner of a block in the University District in Seattle. 5031-5045 11th ave NE. Zoned Midrise (85ft), the lots cover 18.6k sq ft of lot space. There are 13 rental units between 4 buildings and one vacant lot. The site falls within HUDs Qualified Census Tract. The OM in the supplements has the additional information you’re looking for. A massing study for 118 units is available to share upon request. Please contact the listing agent w/ any questions.
Property Facts
| Price | $7,600,000 | Status | Active |
| Price / SF | $1,382 / SF | Number of Properties | 5 |
| Sale Condition | 1031 Exchange | Individually For Sale | 0 |
| Cap Rate | 1.12% | Total Building Size | 5,500 SF |
| Sale Type | Investment or Owner User | Total Land Area | 0.26 AC |
| Price | $7,600,000 |
| Price / SF | $1,382 / SF |
| Sale Condition | 1031 Exchange |
| Cap Rate | 1.12% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 5,500 SF |
| Total Land Area | 0.26 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 5039 11th Ave NE, Seattle, WA 98105 | Land | 0.10 AC | - | - |
| 5043 11th Ave NE, Seattle, WA 98105 | Multifamily | 2,756 SF | 1908 | - |
| 5045 11th Ave NE, Seattle, WA 98105 | Multifamily | 2,744 SF | 1963 | - |
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11th Ave Assemblage
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