$6,500,000
 $34,893 est/mo Sourced by Back At You

4731 12th Avenue,Seattle, WA 98105

Seattle, WA 98105

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Description

The Laureate presents a rare opportunity to acquire a well-maintained 23-unit multifamily asset building in the heart of the Seattle’s University District neighborhood and walking distance to both the University of Washington and the Link Light Rail Station. Originally built in 1961, the property benefits from recent extensive capital improvements and interior renovations, positioning the asset as a compelling combination of stable in-place income and future revenue growth potential. Ownership has invested significantly in the systems over the past 5 years: including a membrane roof replacement, replacement of all individual hot water tanks, securing and gating the parking for 17 vehicles, as well as overhauling the sprinkler system. Featuring a unit mix of 20 sizable 650 SF, 1-bedroom units and one 800 SF, 2-bedroom unit, select units have been renovated with modern finishes including luxury vinyl plank flooring, updated kitchens, stainless steel appliances, including dishwashers and in-unit W/D installations. All units feature A/C, and 1st floor units include patio access. The existing renovations provide future ownership with a blueprint to continue remodeling unit interiors and capture additional rental upside. Additionally, there is potential to assume the current debt with term through 2031.

Details

MLS #2543808
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1961
Days On Site79
Listing Provided ByLee & Associates Commercial RE | Daniel Lim

Features

SQ Feet25,500
Garage17
Story(s)3
Units23
ZoningMulti-Family
Acreage0.17

Taxes

Property47556

Area Information

StateWA
CountyKing
CitySeattle
Zip Code98105
Area710 North Seattle
Community NameUniversity District
Listing VS Median (in University District)
Price:
$6,500,000
low | high
Med:
$799,000
100% of Average
sqft:
25,500
low | high
Med:
1,500
100% of Average
$ / sqft:
$255
low | high
Med:
$533
58.969230769231% of Average
On site:
79
low | high
Med:
55
100% of Average
Sourced by Back At You

Market Activity 98105

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Learn More About This Property

StateWA
CountyKing
CitySeattle
Zip Code98105
Area710 North Seattle
Community NameUniversity District
Listing VS Median (in University District)
Price:
$6,500,000
low | high
Med:
$799,000
100% of Average
sqft:
25,500
low | high
Med:
1,500
100% of Average
$ / sqft:
$255
low | high
Med:
$533
58.969230769231% of Average
On site:
79
low | high
Med:
55
100% of Average
Sourced by Back At You
Listing Updated: July 10, 2026 at 11:17:02 AM PDT