Property Details
5243 19th Avenue NE
Seattle, WA 98105
$1,340,000
Active
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Property Overview
EXCEPTIONAL INVESTMENT OPPORTUNITY just four blocks from UW. Completely renovated down to the studs in 2025 ($850K), this turnkey duplex was thoughtfully rebuilt with a new roof, siding, paint, appliances, earthquake seismic retrofitting, plumbing, electrical, sewer line to the city street and more. The property offers a total of 9 bedrooms across two well-designed units. Unit 1 features 2 bedrooms, 1 full bath, washer and dryer and mini-split. Unit 2 features 7 bedrooms, 3¾ baths, and two sets of washers and dryers, making it ideally configured for student or group living. Currently leased for the 2026–2027 academic year at $8,800 per month, with tenants responsible for all utilities. This property provides immediate and reliable cash flow. The flexible layout and extensive upgrades create a low-maintenance investment in one of Seattle’s most desirable rental locations. Additional highlights include a large unfinished basement plumbed for a bathroom and two off-alley parking spaces. Pre-inspection report available upon request.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
University District
Listed
May 23, 2026
Financial Summary
Cap Rate
6.58%
Gross Rent Multiplier
105,600.00
Total Expenses
$17,416
Building & Use
Building Sq Ft
2,630
Leasable Area
2,630 sqft
Total Units
2
Zoning
Multi-Family,Residential
Possible Use
Multi-Family, Residential
Lot Size
4,321 sqft
Year Built
1910
Exterior & Lot
Lot Size
0.10 sqft
Year Built
1910
Exterior Materials
Metal/Vinyl
Sewer
Sewer Connected
Water Source
Public
Lot Features
Curbs, Paved, Sidewalk
Exterior Features
Metal/Vinyl
Location
City
Seattle
County
King
Coordinates
47.66768, -122.30747
Additional Information
Tax Year
2026
Annual Taxes
$15,216
Possession
Array
Based on information submitted to the MLS GRID as of May 23, 2026 6:15 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.
