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4253 7th Avenue NE Seattle, WA $ 8,900,000
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4253 7th Avenue NE
$ 8,900,000
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Share Save

4253 7th Avenue NE

Seattle, WA, 98105
$ 8,900,000
Baths0.0 Sq 20,587

Monthly Estimate*

$ 59,152

Listed by Kidder Mathews
4253 7th Avenue NE, Seattle, WA 98105 - Image 1
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View a Virtual Tour
Studio

Multi-Family Home for sale in Seattle, WA

for $8,900,000. This 20,587 square foot home was built in 1985 on a lot size of 0.299.

Maplewood offers a 24-unit value-add apartment building located in the highly sought-after University District of Seattle.Offered for sale at $8.9 million, this property is on the market for the first time and presents a unique chance to acquire a legacy asset that has been meticulously maintained by the same family since 1985.Maplewood features large units in exceptional condition, providing ample potential for value-add renovations.After light renovations, rental rates can increase by 20% or more, making this property an attractive prospect for savvy investors. Located steps away from the prestigious University of Washington-ranked #2 in the U.S.Maplewood is just minutes away from an abundance amenities, and a regional light rail station.

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Multi-Family Active

Price

$ 8,900,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 77,262

Style

10+ Units

Lot Size

0.299

Year Built

1985

Town/City

Seattle

County/Region

King

MLS | Web ID

2236772
Features
General
Interior Features Wall to Wall Carpet Laminate Tile
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing
Roof Flat
Exterior Features Brick Stucco
HOA 0
Security Features SecurityGate
Year Built 1985
Property SubType Multi-Family
Tax Year 2024
County King
Net Operating Income 535378
Insurance Expense 9600
New Construction N
Property Type Residential Income
HOA / Comm Assn N
Subdivision Name University District
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions 4253 7TH AVE NE SEATTLE WA 98105
City Seattle
Buyer Agent Compensation 1
View Y/N N
Senior Community Y/N N
High School District Seattle
Open Parking Spaces 4
NumberOfUnitsTotal 5
MLS Area 710 - North Seattle
Lot Size Units Square Feet
Lot Size Square Feet 13025
Waterfront Y/N N
Carport Spaces 0
Carport Y/N N
Street Name 7th
Listing Terms Cash Out Conventional
Tax Annual Amount 77262
Electric Expense 12400
Fuel Expense 12400
Property Condition Very Good
Public Remarks Maplewood offers a 24-unit value-add apartment building located in the highly sought-after University District of Seattle.Offered for sale at $8.9 million this property is on the market for the first
Leasable Area 20587
Virtual Tour https://simonandersonteam.com/listings/maplewood/
Structure Type Multi Family
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Amenities Coin Op Laundry
Water Company SPU
Units Below Grade false
Units In Building Total 24
Zoning Class Multi-Family
Water Sewer Garbage 12400
Property Style 56 - 10+ Units
Cap Rate 6
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Interior
Flooring Laminate Carpet
Total Fireplaces 0
Total Stories 4
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Bedrooms Possible 59
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Exterior
Lot Features Curbs Sidewalk
Water Source Public
Total Parking 27
Foundation Details Poured Concrete
Building Area Total 20587
Lot Dimensions 13025
Lot Size Acres 0.299
Covered Spaces 23
Open Parking Y/N Y
Irrigation Water Rights Y/N N
Site Features Gated Entry
Parking Uncovered Spaces 4
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Internal Only
OriginalMLSID NWM2236772
Street Number 1 4253
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* Excluded Features
List By
Winslow Lee

Listing Agent

Kidder Mathews

Broker

Affordability Calculator

$65,591
Per Month
90%
10%
0%
Monthly Principal & Interest
$59,152
Monthly Property Taxes
$6,439
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
257829 Elementary School
258279 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/13/2024$8,900,000 Listed Price

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4253 7th Avenue NE, Seattle, WA, 98105 is a Multi-Family Home for sale at $8,900,000 with 20,587 sqft and a lot size of 0.299. 4253 7th Avenue NE is a studio with 0.0 baths and was built in 1985. The property's zip code is 98105 which is in Seattle, WA

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