UW 4247 Duplex | 4247 7th Ave NE
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UW 4247 Duplex 4247 7th Ave NE
2 Unit Apartment Building $2,250,000 ($1,125,000/Unit) 2.63% Cap Rate Seattle, WA 98105
Investment Highlights
- Prime Investment Opportunity in Seattle’s U-District!
- Zoned MR (M1) for mid-rise multifamily development, the property features an 80-foot height limit, 4.5 FAR, and no parking requirements
Executive Summary
Prime Investment Opportunity in Seattle’s U-District! This fully leased duplex on a spacious 6,600 SF lot offers steady rental income and strong development potential. Survey and geotechnical reports is ready for your next project. Zoned MR (M1) for mid-rise multifamily development, the property features an 80-foot height limit, 4.5 FAR, and no parking requirements. Located within walking distance to the UW campus, Light Rail, and quick access to I-5. Don’t miss this rare chance to invest in one of Seattle’s most desirable neighborhoods! The University of Washington, ranked No. 7 globally and No. 2 among U.S. public universities (U.S. News & World Report), this property is perfect for both ongoing rental use or future development.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,250,000 | Property Subtype | Apartment |
| Price Per Unit | $1,125,000 | Apartment Style | Single Family Home |
| Sale Type | Investment | Building Size | 2,796 SF |
| Cap Rate | 2.63% | Average Occupancy | 2% |
| Gross Rent Multiplier | 24.79 | No. Stories | 2 |
| No. Units | 2 | Year Built/Renovated | 1914/1940 |
| Property Type | Multifamily | Parking Ratio | 2.15/1,000 SF |
| Price | $2,250,000 |
| Price Per Unit | $1,125,000 |
| Sale Type | Investment |
| Cap Rate | 2.63% |
| Gross Rent Multiplier | 24.79 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single Family Home |
| Building Size | 2,796 SF |
| Average Occupancy | 2% |
| No. Stories | 2 |
| Year Built/Renovated | 1914/1940 |
| Parking Ratio | 2.15/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 7+2 | 1 | $5,985 | 1,978 |
| 2+1 | 1 | $1,580 | 818 |
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Walk Score ®
Walker's Paradise (92)
Transit Score ®
Excellent Transit (82)
Bike Score ®
Very Bikeable (83)
zoning
| Zoning Code | MR(M1) (Zoned MR (M1) for mid-rise multifamily development, the property features an 80-foot height limit, 4.5 FAR, and no parking requirements.) |
| MR(M1) (Zoned MR (M1) for mid-rise multifamily development, the property features an 80-foot height limit, 4.5 FAR, and no parking requirements.) |
-
Donald Tsai - Prolink Realty
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UW 4247 Duplex | 4247 7th Ave NE
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