Log In/Sign Up
Your email has been sent.
5604 17th Ave NE
Seattle, WA 98105
Ravenna House · Multifamily Property For Sale
·
11 Units
Investment Highlights
- Located on prestigious tree-lined Fraternity/Sorority Row
- Units well-suited for the University of Washington rental market
- Walk Score of 90 and Bike Score of 82
- Desirable location closer to Ravenna
- Large decks with territorial views and outdoor space
- Close to University of Washington and high-end University Village Shopping
Executive Summary
This unique property consists of a 1910 construction 3,900 sq ft building with a mix of apartment units and rooms with shared spaces, well suited to the University/Ravenna rental market. Ravenna House is ideally positioned to meet the high demand for student housing with its proximity to the University of Washington campus, University Village, and convenient access to Sound Transit link light rail and bus lines for quick commutes to downtown Seattle.
This property offers an excellent investor opportunity to acquire a property that is primed for future appreciation in one of the city’s best rental markets and has additional value potential through renovation
This property offers an excellent investor opportunity to acquire a property that is primed for future appreciation in one of the city’s best rental markets and has additional value potential through renovation
Property Facts
| Price Per Unit | $159,091 | Apartment Style | Single-Family Home |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.42% | Lot Size | 0.12 AC |
| Gross Rent Multiplier | 11.72 | Building Size | 3,783 SF |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | Parking Ratio | 0.26/1,000 SF |
| Zoning | NR3 | ||
| Price Per Unit | $159,091 |
| Sale Type | Investment |
| Cap Rate | 6.42% |
| Gross Rent Multiplier | 11.72 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 3,783 SF |
| No. Stories | 2 |
| Year Built | 1910 |
| Parking Ratio | 0.26/1,000 SF |
| Zoning | NR3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,400 | 350 |
| 2+1 | 3 | $2,255 | 600 |
| 4+1 | 1 | $3,980 | 1,450 |
Property Taxes
| Parcel Number | 861580-0510 | Improvements Assessment | $695,500 |
| Land Assessment | $729,000 | Total Assessment | $1,424,500 |
Property Taxes
Parcel Number
861580-0510
Land Assessment
$729,000
Improvements Assessment
$695,500
Total Assessment
$1,424,500
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
