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University Heights Apartments

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University Heights Apartments

1417 NE 55th St, Seattle, WA 98105
Multi-Family For Sale Available Built 1918 2 floors Zoning: LR3
Asking Price
$2,375,000
Total Building5,406 SF
Land4,120 SF land
ConstructionFramed,Wood
MarketU-District
CountyKing

Read Overview
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Overview

Property ID
283065
Listing ID
702108
Type
Multi-Family
Asset Class
Multi-Family
Zoning
LR3

Description

CBRE is pleased to present the University Heights Apartments, a fully renovated six-unit multifamily asset located in Seattle’s thriving University District. This turn-key investment offers strong in-place cash flow with a 5.54% cap rate and a rare opportunity to acquire a boutique property featuring large, spacious units—five two-bedrooms and one one-bedroom—each fully remodeled to a premium standard in 2021–2022. Each unit showcases modern finishes including white shaker cabinetry, solid surface countertops, and stainless-steel appliances. Recent capital improvements include a new roof, windows, exterior paint, and updated plumbing and electrical systems, ensuring minimal near-term maintenance.

Listing Courtesy of:

SC
Spencer Clark
CBRE
710 Market St STE 100,
Tacoma, WA 98402
State: WA City: Seattle ZIP: 98105 Type: For Sale

Commercial Listings
Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.