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Listed by:John L. Scott, Inc • Jonathan D. Bye
$ 995,000
Est. payment /mo
New
709 NE 43rd ST Seattle, WA 98105
3 Beds
4 Baths
1,730 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,730 sqft
Price per Sqft $575
Subdivision University District
MLS Listing ID 2567345
Style 54 - 4-Plex
Bedrooms 3
Year Built 1908
Annual Tax Amount $10,014
Lot Size 2,500 Sqft
Property Sub-Type Multi Family
Property Description
With an ideal location just steps from the University of Washington, the property is situated on a 2,500-square-foot parcel with Mid-Rise (MR M1) zoning. As a result, investors have a rare opportunity to acquire an exceptionally well-positioned multifamily asset in one of Seattle's most desirable and supply-constrained rental markets. The property features a diverse unit mix consisting of studio and two-bedroom residences averaging 518 square feet, appealing to a broad tenant base. A prime location within walking distance of UW provides a consistent demand driver and strong long-term rental fundamentals. Significant capital improvements have already been completed, including a roof replacement within the last four years, upgraded Square D electrical panels, and full copper plumbing, helping reduce near-term capital expenditure requirements for a new owner. Further enhancing the investment appeal, the property boasts a Walk Score of 93 (“Walker's Paradise”), an 83 Bike Score, and an 82 Transit Score, offering exceptional connectivity throughout Seattle. Investors also have the unique opportunity to acquire an additional fourplex located directly across the street at 710 NE 43rd Street, creating an immediate avenue for portfolio expansion & operational efficiencies within the same submarket.
Location
State WA
County King
Area 710 - North Seattle
Interior
Fireplace false
Exterior
Exterior Feature Wood Products
View Y/N No
Roof Type Composition
Building
Lot Description Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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