4247 7th Avenue NE, Seattle, WA 98105
- $1,956,800
- 2,796
- SqFt
Listing courtesy of Prolink Realty, LLC.
- List Price
- $1,956,800
- Status
- ACTIVE
- MLS#
- 2561050
- Days on Market
- 0
- Style
- 52 - Duplex
- Building Condition
- Fair
- Finished SqFt
- 2,796
- Area Total SqFt
- 2796
- Annual Tax Ammount
- 18425
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 6,599
- Sewer
- Sewer Connected
Property Description
Prime U-District Investment & Development Opportunity! Rare fully leased duplex on a large 6,599 SF lot in the heart of the University District. Zoned MR (M1) with an 80-ft height limit, 4.5 FAR, and no min. parking requirement, offering massive long-term redevelopment upside. The well-maintained property features a spacious 7-bed/2-bath main unit with updated luxury vinyl plank flooring and a 2-bed/1-bath basement unit leased to a long-term tenant. Additional amenities include an on-site common area laundry room equipped with a washer and dryer. Total units generate steady income for the 2026–2027 academic year while you plan your project. Survey and geotechnical reports available. Unbeatable walk score just blocks to the University of Washington, UW Medical Center, Link Light Rail Station, restaurants, shopping, and I-5. Perfect cash-flowing asset, land-hold investment, or future multifamily site. Do not disturb tenants.
Additional Information
- List Date
- 2026-07-31 22:58:11
- Community
- University District
- Net Operating Income
- $60,402
- Gross Adjusted Income
- $93,720
- Gross Scheduled Income
- $93,720
- Total Monthly Income
- $7,810
- Insurance Expenses
- $2,561
- Water/Sewer/Garbage Expenses
- $7,661
- Gross Rent Multiplier
- 20.81
- Total Expenses
- $33,318
- Cap Rate
- 3.1
- Total Number of Units
- 2
- Unit Name
- 4247
- Potential Terms
- Cash, Conventional
- Year Built
- 1919
- View
- City, Territorial
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially, Gas Available, Outbuildings
- Electric Expenses
- 2117
- Other Expenses
- 870
- Energy Source
- Electric, Natural Gas
- School District
- Seattle
- Elementary School
- John Stanford Intl
- Middle School
- Hamilton Mid
- High School
- Lincoln High
- Total Monthly Income
- $7,810
- Gross Scheduled Income
- $93,720
- Gross Adjusted Income
- $93,720
- Tax Year
- 2026
- Insurance Expense
- $2,561
- W/S/G Expenses
- $7,661
- Total Expenses
- $33,318
- Net Operating Income
- $60,402
- Gross Rent Multiplier
- 20.81
- Cap Rate
- 3.1
Based on information submitted to the MLS GRID as of . 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 noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.