Listed by Crain Real Estate
$1,450,000
10 bed UW student Housing (1 of 3)
Details
Property Type Multifamily, Senior Living
Sub Type Student Housing
Square Footage 4,050
Net Rentable (SqFt) 4,050
Units 10
Beds 10
Cap Rate 6.39%
NOI $92,723
Occupancy 100%
Pro-Forma Cap Rate 7.1%
Pro-Forma NOI $102,922
Price per SqFt $358
Year Built 1920
Year Renovated 1984
Lot Size (SqFt) 3,750
Zoning NR3
Investment Type Value Add
Occupancy Date 09/01/2025
Ownership Individual
Sale Condition For sale by owner
UW Student Housing | 6.39% CAP | 10 Units
Marketing description
5026 20th Ave NE (University Manor) is a high-performing triplex in the heart of the U-District, steps to UW and U-Village.
The property includes an 8-bed/3-bath 3,000 SF main unit rented at $7,300/mo,
plus two 525 SF units rented at $1,350/mo and $1,150/mo.
Strong, stable cash flow with a long history of student demand and low vacancy.
Features common laundry, off-street parking, and large storage.
Offered as part of a U-District portfolio
Investment highlights
Stable income from a property with above market rental rates and below market operating expenses.
Listing Contacts
Listed by Crain Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$92,723.00
$7,726.92/mo
Valuation Metrics
0
DSCR
6.39%
Cap Rate
6.39%
ROI
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