Property Details
5604 17th Avenue NE
Seattle, WA 98105
$1,750,000
Active
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Property Overview
This unique property consists of a 1910 construction 3,900 sq ft building with a mix of apartment units and rooms with shared spaces, well suited to the University/Ravenna rental market. Ravenna House is ideally positioned to meet the high demand for student housing with its proximity to the University of Washington campus, University Village, and convenient access to Sound Transit link light rail and bus lines for quick commutes to downtown Seattle. Legally a duplex, the building comprises of 11 bedrooms and 5 bathrooms. This property offers an excellent investor opportunity to acquire a property that is primed for future appreciation in one of the city’s best rental markets and has additional value potential through renovation.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
University District
Listed
Jun 9, 2026
Structure Type
Duplex
Parcel Number
8615800510
Tax & HOA
Annual Property Tax
$13,781 (2026)
Est. Monthly Tax
$1,148/mo
Financial Summary
Cap Rate
6.42%
Net Operating Income
$112,398
Gross Scheduled Income
$149,280
Gross Rent Multiplier
11.72
Total Expenses
$29,418
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
3,900
Leasable Area
3,900 sqft
Total Units
5
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
5,401 sqft
Year Built
1910
Exterior & Lot
Lot Size
0.12 sqft
Year Built
1910
Garage
1 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Lot Features
Corner Lot, Curbs, Paved, Sidewalk
Exterior Features
Wood
Community & Access
Directions
On I-5 N, take exit 170 for NE Ravenna Blvd. Turn right on NE Ravenna Blvd, right on 17th Ave NE/University Pkwy. Left at 1st cross street onto NE 56th St. Site on left.
Location
City
Seattle
County
King
Coordinates
47.66956, -122.30910
Additional Information
Tax Year
2026
Annual Taxes
$13,781
Possession
Array
Based on information submitted to the MLS GRID as of June 9, 2026 2:00 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.
