5039 11th Ave NE | Seattle, WA 98105
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- LoopNet Team
5039 11th Ave NE
Seattle, WA 98105
U-Place Flats · Multifamily Property For Sale
·
49 Units
Investment Highlights
- Building Permits Approved: Ability to break ground immediately following closing
- Rising Rents: University District SEDU rents now achieving rates in the mid to high $4/SF, exceeding pre-pandemic records
- Direct access to I-5, U-District Light Rail Station and over ten bus route stops with 3/4 mile providing access to Downtown, Capitol Hill, Roosevelt,
- Pricing Responds To Replacement Cost: Exit pricing based on 2021 closings is over $800/SF in the University District
- Surrounded By Amenities: Easy access to “The Ave” with numerous bars, restaurants and shops in addition a short drive to U-Village Premier Shopping
Property Facts
| No. Units | 49 | Construction Status | Proposed |
| Property Type | Multifamily | Building Size | 17,412 SF |
| Property Subtype | Apartment | No. Stories | 8 |
| Apartment Style | Mid-Rise | Year Built | 2027 |
| Building Class | A | Parking Ratio | 0.17/1,000 SF |
| Lot Size | 0.10 AC | ||
| Zoning | MR (M1) - Mixed use residential | ||
| No. Units | 49 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 0.10 AC |
| Construction Status | Proposed |
| Building Size | 17,412 SF |
| No. Stories | 8 |
| Year Built | 2027 |
| Parking Ratio | 0.17/1,000 SF |
| Zoning | MR (M1) - Mixed use residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 49 | - | - |
Property Taxes
| Parcel Number | 674670-1730 | Improvements Assessment | $0 |
| Land Assessment | $1,890,000 | Total Assessment | $1,890,000 |
Property Taxes
Parcel Number
674670-1730
Land Assessment
$1,890,000
Improvements Assessment
$0
Total Assessment
$1,890,000
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