Property Details
4912 Evanston Avenue N
Seattle, WA 98103
$1,900,000
Active
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Property Overview
Wonderful mid-century 9-unit apartment building in a prime Seattle location directly across from Woodland Park Zoo. The “Zoo-plex” features one basement studio and eight spacious one-bedroom units with hardwood floors and classic mid-century character. Amenities include common laundry, individual storage units, and off-street parking for two vehicles. Strong value-add opportunity with potential to increase rents or renovate units for enhanced income. This highly desirable location supports consistent tenant demand, low turnover, and ease of leasing. The property has been well maintained, with recent updates including a newer boiler, roof, and sewer line. Offered for the first time in over 30 years, this is a rare investment opportunity in a sought-after neighborhood—don’t miss your chance to own a truly unique asset.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Woodland Park
Listed
Apr 9, 2026
Financial Summary
Cap Rate
5.60%
Net Operating Income
$107,415
Gross Scheduled Income
$154,500
Gross Rent Multiplier
12.00
Total Expenses
$47,085
Building & Use
Building Sq Ft
5,662
Leasable Area
5,000 sqft
Total Units
9
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
5,001 sqft
Year Built
1955
Exterior & Lot
Lot Size
0.11 sqft
Year Built
1955
Exterior Materials
Brick, Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Sidewalk
Exterior Features
Brick, Wood
Location
City
Seattle
County
King
Coordinates
47.66480, -122.35125
Additional Information
Tax Year
2025
Annual Taxes
$20,648
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 5:11 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.
