Property Details
5235 19th Avenue NE
Seattle, WA 98105
$1,600,000
Active
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Property Overview
Large U-District investment property located approximately four blocks from the UW campus and just minutes to Greek Row. This 10-bedroom, 3.5-bath home offers 3,380 SF and has been a consistent student housing investment with continuous leasing history since 2012. Currently leased and pre-leased for the 2026–2027 school year at $10,300 per month, with tenants paying all utilities. Updated kitchen with granite countertops and marble backsplash, updated bathrooms, and updated electrical and plumbing systems. Originally built in 1924 with an effective year built of 1995. Detached single-car garage off the alley. Professionally managed, with potential for management continuity if desired. Strong in-place income, proven rental demand, and an exceptional location make this a compelling UW-area investment opportunity.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
University District
Listed
Apr 7, 2026
Structure Type
Multi Family
Parcel Number
8823900140
Tax & HOA
Annual Property Tax
$13,360 (2026)
Est. Monthly Tax
$1,113/mo
Financial Summary
Cap Rate
6.39%
Net Operating Income
$102,160
Gross Scheduled Income
$123,600
Gross Rent Multiplier
12.00
Total Expenses
$21,440
Building & Use
Building Sq Ft
3,384
Leasable Area
3,380 sqft
Total Units
1
Lot Size
4,321 sqft
Year Built
1924
Exterior & Lot
Lot Size
0.10 sqft
Year Built
1924
Garage
1 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Alley, Paved, Sidewalk
Exterior Features
Wood
Community & Access
Directions
I-5 southbound: Exit at NE 50th St, go east, turn right on 19th Ave NE, property on left. I-5 northbound: Exit at NE 45th/50th St, head east into the U District, continue to 19th Ave NE, property on
Location
City
Seattle
County
King
Coordinates
47.66747, -122.30747
Additional Information
Tax Year
2026
Annual Taxes
$13,360
Possession
Array
Based on information submitted to the MLS GRID as of June 1, 2026 11:08 AM. 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.
