Property Details
4046 8th Avenue NE
Seattle, WA 98105
$3,200,000
Contingent
Schedule a Showing
Select your date preference
Request More Info
1 / 40
Property Overview
U Studios offers a rare investment opportunity in Seattle’s highly desirable U-District, just blocks from the University of Washington, The Ave retail corridor, and the U District light rail station, providing tenants exceptional access to campus, jobs, dining, and entertainment. The property features high-end unit finishes and modern building systems, including an innovative solar thermal energy system that delivers highly efficient heating and hot water. With strong in-place operations generating immediate, reliable cash flow, U Studios presents an ideal 1031 exchange opportunity in a location where few properties match its combination of quality, scale, and performance.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Contingent
County
King
Neighborhood
University District
Listed
Mar 27, 2026
Financial Summary
Cap Rate
5.70%
Net Operating Income
$180,820
Gross Scheduled Income
$330,720
Gross Rent Multiplier
17.00
Total Expenses
$157,098
Vacancy Rate
6.0%
Building & Use
Leasable Area
5,701 sqft
Total Units
1
Zoning
Multi-Family
Possible Use
Multi-Family
Year Built
2018
Exterior & Lot
Lot Size
0.10 sqft
Year Built
2018
Exterior Materials
Metal/Vinyl
Sewer
Sewer Connected
Lot Features
Curbs
Exterior Features
Metal/Vinyl
Location
City
Seattle
County
King
Coordinates
47.65695, -122.31948
Additional Information
Tax Year
2026
Annual Taxes
$46,400
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 5:10 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.
