Property Details

1417 NE 55th St

Seattle, WA 98105

$2,375,000

Available

CBA# 702108 courtesy of CBA Listing firm: CBRE

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Commercial

Property Type

5,406

Bldg Sq Ft

Units

1918

Year Built

Property Overview

We are pleased to present the University Heights Apartments, a fully renovated six-unit multifamily asset located in Seattle’s thriving University District. This turn-key investment offers strong in-place cash flow with a 5.54% cap rate and a rare opportunity to acquire a boutique property featuring large, spacious units—five two-bedrooms and one one-bedroom—each fully remodeled to a premium standard in 2021–2022. Each unit showcases modern finishes including white shaker cabinetry, solid surface countertops, and stainless-steel appliances. Recent capital improvements include a new roof, windows, exterior paint, and updated plumbing and electrical systems, ensuring minimal near-term maintenance.