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28796251
28795841

5031 12th Ave NE, Seattle, WA 98105 For Sale

CC
WA WA 26492
Crain Real Estate
Listed by Crain Real Estate
$985,000
224 days on market
Updated 93 days ago

7 bed UW student Housing (3 of 3)

Details
Property Type Multifamily, Senior Living (+1)
Sub Type Student Housing
Square Footage 2,560
Net Rentable (SqFt) 2,560
Units 7
Beds 7
Cap Rate 6.43%
NOI $63,342
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 7.86%
Pro-Forma NOI $77,400
Price per SqFt $385
Year Built 1906
Year Renovated 1955
Stories 3
Lot Size (SqFt) 1,471
Zoning MR (M1)
Investment Type Value Add
Occupancy Date 01/02/2025
Ownership Individual
Sale Condition For sale by owner

6.43% CAP | 7 Units

Marketing description

Washington House, a classic duplex in the heart of the University District, just a short walk from University of Washington campus. Built in 1906, this well-maintained property offers two self-contained units — each with its own kitchen, living room, and laundry — in a charming, quiet residential pocket near I-5 and light-rail/transit routes.

• Unit 1: 5 bedrooms / 1.5 baths — currently rented for $4,395/month

• Unit 2: 2 bedrooms / 1 bath — rented for $1,900/month Historically leased a full year in advance to groups of students, this property delivers stable cash flow and rental income that outpaces many Seattle-area rentals. Tenants are in place — please respect their privacy and do not disturb.

Investment highlights

Consistent demand for student housing is the key feature of this investment. Stable cash-flow with above market rental rates and below market operating expenses.

Listing Contacts

CC
WA WA 26492
Crain Real Estate
Listed by Crain Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$63,342.00
$5,278.50/mo

Valuation Metrics

0
DSCR
6.43%
Cap Rate
6.43%
ROI

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Additional Information

Name
Corey Crain
License
WA 26492
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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