4750 University Way Ne, Seattle, 98105

Residential Income - Multi-Family For Sale in University District

$6,280,000

Beds
Baths
12,182Sqft
.09Acres
1958Built
37DOM
MLS® #: 1872358
Active, 37 Days on Market

Unique investment/redevelopment opportunity in prime University District location revitalized by new light rail 2 blocks away. Striking 12000 SF mid-century mixed-use building on “the Ave” by architect Samuel Morrison comprises 18 vintage open 1BR apartments and 3500 SF boutique retail space, once home of Academy of Classical Ballet, run by Irene Larson of NY City Ballet, and of Jun Fan Gung Fu Institute, martial arts school of fighter, teacher and philosopher Bruce Lee. Recapitalize and renovate the property for cash flow in thriving sub-market with focused, high demand renter base or develop in accordance with N3P-65 (M1) zoning. Steps from new mixed-use Safeway valued at $90M & adjacent 24-story M Tower, both by LA-based Fields Holdings.

Listing Office: Windermere Real Estate Co..

Price & Status History

Date Details
Price Increased from $6,250,000 to $6,280,000

Essential Information

MLS® #: 1872358
Price: $6,280,000
Bathrooms: 0.00
Square Footage: 12,182
Acres: 0.09
Year Built: 1958
Type: Residential Income
Sub-Type: Multi-Family
Status: Active

Financials

Property Taxes: $42,301
$/SqFt: $516

Community Information

Address: 4750 University Way Ne
Area: 710 - North Seattle
Subdivision: University District
City: Seattle
County: King
State: WA
Zip Code: 98105

Amenities

Parking Spaces: 1

Interior

# of Stories: 4

Exterior

Exterior Features: Brick, Cement/Concrete, Metal/Vinyl, Stone
Lot Description: Alley, Curbs, Paved, Sidewalk

School Information

District: Seattle
Elementary: Green Lake
Middle: Hamilton Mid
High: Lincoln High

Additional Information

Days on Market: 37
Cumulative Days on Market: 37

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Listing information last updated on January 21st, 2022 at 9:13pm CST.