Property Details
4019 4th Avenue NE
Seattle, WA 98105
$2,150,000
Active
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Property Overview
Prime investment opportunity Seattle’s Wallingford Neighborhood, close to the University of Washington! Newly constructed duplex with 5% CAP rate-more units possible w/new laws. Limited time rate buydown of ~4.75% This is a rare offering of a high-quality modern building design with high-end finishes in a great location. Enjoy sweeping Ship Canal, Lake Union, & city views from a massive rooftop deck. Large upper 2-level Penthouse unit that's larger than most Seattle homes (2,620 SF) w/4Br/3.5BA Light-filled interiors, high ceilings, hardwood floors, & an envious chef’s kitchen with Bertazzoni gas range, quartz counters, eating bar, & walk-in pantry. Main floor guest bedrm & lavish 3/4 bath with heated floors + extra-large all glass walk-in shower. Primary suite with spa-like 6-piece bath (double sinks, walk-in glass enclosure mutli-head rain shower & dreamy separate free standing soaking tub), heated floors, dual walk-in closets and serene vistas. Bow window design outlining views in living room and 2nd bedroom with double closets. 2nd unit is 1-level 2Br/1.75Bth unit. Versatile short or long-term rental income potential, boosting returns & flexibility. Close to dining, shops, parks (Gas Works), Burke Gilman, & transit, blending lifestyle appeal w/solid cash flow. Rare chance to own a turnkey, income-producing asset in a vibrant Seattle neighborhood! 82 Walkscore/81 Bikescore. Easy access to UW, Children's, downtown, SLU, I-5, & Hwy 99. Includes EV charger & tandem 2 prkg.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Wallingford
Listed
Jan 15, 2026
Financial Summary
Cap Rate
5.00%
Net Operating Income
$106,455
Gross Scheduled Income
$130,680
Gross Rent Multiplier
16.00
Total Expenses
$24,225
Building & Use
Building Sq Ft
3,930
Leasable Area
3,930 sqft
Total Units
2
Zoning
Multi-Family,Residential
Possible Use
Multi-Family, Residential
Lot Size
3,999 sqft
Year Built
2025
Exterior & Lot
Lot Size
0.09 sqft
Year Built
2025
Exterior Materials
Cement, Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Curbs, Paved
Exterior Features
Cement/Concrete, Wood
Location
City
Seattle
County
King
Coordinates
47.65613, -122.32488
Additional Information
New Construction
Yes
Tax Year
2025
Annual Taxes
$19,375
Possession
Array
Based on information submitted to the MLS GRID as of April 30, 2026 10:30 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
