Property Details
4247 7th Avenue NE
Seattle, WA 98105
$1,956,800
Active
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Property Overview
Prime U-District Investment & Development Opportunity! Rare fully leased duplex on a large 6,599 SF lot in the heart of the University District. Zoned MR (M1) with an 80-ft height limit, 4.5 FAR, and no min. parking requirement, offering massive long-term redevelopment upside. The well-maintained property features a spacious 7-bed/2-bath main unit with updated luxury vinyl plank flooring and a 2-bed/1-bath basement unit leased to a long-term tenant. Additional amenities include an on-site common area laundry room equipped with a washer and dryer. Total units generate steady income for the 2026–2027 academic year while you plan your project. Survey and geotechnical reports available. Unbeatable walk score just blocks to the University of Washington, UW Medical Center, Link Light Rail Station, restaurants, shopping, and I-5. Perfect cash-flowing asset, land-hold investment, or future multifamily site. Do not disturb tenants.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
University District
Listed
Jul 31, 2026
Structure Type
Duplex
Parcel Number
4092300800
Tax & HOA
Annual Property Tax
$18,425 (2026)
Est. Monthly Tax
$1,535/mo
Financial Summary
Cap Rate
3.10%
Net Operating Income
$60,402
Gross Scheduled Income
$93,720
Gross Rent Multiplier
20.81
Total Expenses
$33,318
Building & Use
Building Sq Ft
2,796
Leasable Area
2,796 sqft
Total Units
2
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
6,599 sqft
Year Built
1919
Exterior & Lot
Lot Size
0.15 sqft
Year Built
1919
Garage
2 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Paved, Sidewalk
Exterior Features
Wood
Community & Access
Directions
From I-5N. Take exit 169 toward NR 45th St. Take right onto 8th Ave NE. turn right onto NE 42nd St. Turn right onto 7th Ave. House will be on the left. and drive in park on the back.
Location
City
Seattle
County
King
Coordinates
47.65890, -122.32123
Additional Information
Tax Year
2026
Annual Taxes
$18,425
Possession
Array
Based on information submitted to the MLS GRID as of July 31, 2026 11:00 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.
