Property Details

4714 17th Ave NE

Seattle, WA 98105

$4,500,000

Pending

CBA# 714876 courtesy of CBA Listing firm: Kidder Mathews

Schedule a Showing

Select your date preference

Request More Info

I’d like more information about 4714 17th Ave NE, Seattle, MLS# 714876

Commercial

Property Type

11,560

Bldg Sq Ft

Units

6.00%

Cap Rate

1909

Year Built

Property Overview

HIGHLY ATTRACTIVE SELLER FINANCING 3.85%, 20% DOWNPAYMENT, 5 YEAR TERM. UW 17th Rooming Houses offers investors a rare opportunity to acquire two adjacent rooming houses in Seattle’s highly desirable U-District/Greek Row location, just a 4-minute walk to the University of Washington campus, 9-minute walk to the U-District Light Rail Station, and 20-minute walk to University Village. The property features a combined 45 bedrooms, 5 kitchens, 11 bathrooms, 11,560 rentable SF, 8,640 SF of land, and 6 parking stalls. With average in-place rents of approximately $719/bed compared to projected market rents of $850/bed, the asset provides clear upside through light interior updates, operational improvements, and potential reconfiguration strategies. New roofs were completed in 2023, with mostly updated plumbing and electrical systems, offering investors a strong foundation in one of Seattle’s most consistent student-housing rental markets.