Listed by Crain Real Estate
$1,200,000
8 bed UW student Housing (2 of 3)
Details
Property Type Multifamily, Senior Living
Sub Type Student Housing
Square Footage 2,850
Net Rentable (SqFt) 2,850
Units 8
Beds 8
Cap Rate 6.22%
NOI $74,665
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 6.67%
Pro-Forma NOI $80,000
Price per SqFt $421
Year Built 1920
Lot Size (SqFt) 4,752
Zoning NR3
Investment Type Value Add
Occupancy Date 09/01/2022
Ownership Individual
Sale Condition For sale by owner
6.22% CAP | 8 Units
Marketing description
Prime University District investment opportunity! This expansive 8-bed, 3.5-bath 1920 home offers strong rental potential with oversized bedrooms, generous common areas, and an unbeatable location near UW, light rail, and neighborhood amenities. Ideal for a long-term hold as student housing, adult care, or co-living. Historic charm, excellent walkability, and consistent demand make this a standout property in a highly sought-after rental market.
Investment highlights
6.22% entry cap rate with plenty of room for rental growth in a proven investment strategy.
NR3 Zoning allows for a variety of redevelopment opportunities now and in the future.
Centrally located.
Stable cash-flow at closing.
Great opportunity to own a rental that punches above its weight!
Listing Contacts
Listed by Crain Real Estate
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$74,665.00
$6,222.08/mo
Valuation Metrics
0
DSCR
6.22%
Cap Rate
6.22%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Is there information that looks off?
