5210 12th Avenue NE

Seattle, Washington WA98105

This classic 11-unit building provides a great value-add opportunity in one of Seattle’s core markets. Located in the U District, one of the lowest vacancy submarkets in the city, this asset is poised to take advantage of steady future growth and appreciation. The building is comprised of studio, one and two bedroom units, featuring spacious floorplans, hardwood floors, and fireplaces in select units. This offering presents an opportunity for a buyer to continue a proven value-add model, with upside through cosmetic unit renovations and rental increases.

About This Property

Listing ID2039883
SqFt 5,200
Acres 0.126
SubdivisionUniversity District
Year Built1913
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
Property Sub Type Multi-Family
Property Type Residential Income
Subdivision University District
Year Built 1913
Building Area Units Square Feet
Furnished Unfurnished
Living Area Units Square Feet
Stories Total 3
Carport Spaces 1
Elevation Units Feet
Exterior Features Wood
Lot Size Square Feet 5500
Lot Size Units Square Feet
MLS Lot Size Source King County
Number Of Units Total 11
Parking Total 1
Roof Built-Up
Sewer Available
Structure Type Multi Family
Style Code 56 - 10+ Units
Units Below Grade true
Units In Building Total 11
Water Sewer Garbage 18842
Building Area Total 5200
Country US
High School District Seattle
MLS Area Major 710 - North Seattle
Waterfront no
Effective Year Built Source See Remarks
Mls Status Active
Offers Seller intends to review offers upon receipt
Power Production Type Electric
Preliminary Title Ordered no
Year Built Effective 1994
Cap Rate 5.13
Gross Adjusted Income 174161
Gross Rent Multiplier 12.79
Gross Scheduled Income 175920
Insurance Expense 2757
Leasable Area 5200
Leasable Area Units Square Feet
Leased Items None
Net Operating Income 115454
Other Expense 15550
Possession Closing
Sale Type MLS
Seller Disclosure Not Provided
Special Listing Conditions None
Tax Annual Amount 21558
Tax Year 2022
Total Expenses 58707
Total Monthly Income 14660
Vacancy Rate 1

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5210 12th Avenue NE Seattle, WA 98105

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The database information herein is provided from the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. The information contained in this listing has not been verified by WPI Real Estate Services, Inc. (7101) and should be verified by the buyer. © 2023 NWMLS. All rights reserved. Data last updated: Sunday, March 26th, 2023 08:17:02 AM.
Active Listing courtesy of Paragon Real Estate Advisors
Active Listing courtesy of Paragon Real Estate Advisors
Data services provided by IDX Broker