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Listed by:Bentley Properties • Senal M Perera
$1,330,000
Est. payment /mo
8 Beds
4 Baths
2,900 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,900 sqft
Price per Sqft $458
Subdivision Ravenna
MLS Listing ID 2506572
Style 54 - 4-Plex
Bedrooms 8
Year Built 1926
Annual Tax Amount $8,052
Lot Size 4,640 Sqft
Property Sub-Type Multi Family
Property Description
Turnkey four-unit investment opportunity in Seattle's sought-after Ravenna neighborhood, offering strong in-place income, tenant appeal, and future redevelopment upside. This rare “Rambler style” features four corner units with identical floor plans in a single-level building, creating efficient management, broad rental appeal, and long-term flexibility. Located on a quiet residential street with easy access to the University of Washington, downtown Seattle, Ballard, and I-5, this property sits in one of North Seattle's most desirable rental corridors. Three units feature brand-new kitchens and bathrooms, while restored original wood floors and added LVP flooring enhance durability and appeal. Each unit includes a private garden entry, with shared laundry and 4+ parking spaces, adding convenience for tenants. Set on a 4,460 SF lot with L3(M) zoning and upzoned potential for additional units, this asset offers both immediate income and future upside. A 2022 feasibility study is available for review. Well-maintained with minimal deferred maintenance, market rents in all but one unit, and clear long-term potential, this is a compelling multifamily opportunity in a proven Seattle location.
Location
State WA
County King
Area 710 - North Seattle
Interior
Flooring Engineered Hardwood, Hardwood, Vinyl Plank
Fireplace false
Exterior
Exterior Feature Cement/Concrete
Amenities Available Cable TV, High Speed Internet
View Y/N No
Roof Type Torch Down
Building
Lot Description Paved
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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