4750 University Way Northeast
4750 University Way Northeast
Seattle, WA 98105
$3,500,000
Last Sold Price
—
Beds
21
Baths
12,182 Sq. Ft.
$287 / Sq. Ft.
12,182
Sq. Ft.
$287
per Sq. Ft.
Sold 2/14/23
Sold 2/14/23
Listing provided courtesy of Windermere Real Estate Co., Best Choice Realty LLC
Description
Unique investment/redevelopment opportunity in prime University District location revitalized by new light rail 2 blocks away. Striking 12000 SF mid-century mixed-use building on “the Ave” by architect Samuel Morrison comprises 18 vintage open 1BR apartments and 3500 SF boutique retail space, once home of Academy of Classical Ballet, run by Irene Larson of NY City Ballet, and of Jun Fan Gung Fu Institute, martial arts school of fighter, teacher and philosopher Bruce Lee. Recapitalize and renovate...Unique investment/redevelopment opportunity in prime University District location revitalized by new light rail 2 blocks away. Striking 12000 SF mid-century mixed-use building on “the Ave” by architect Samuel Morrison comprises 18 vintage open 1BR apartments and 3500 SF boutique retail space, once home of Academy of Classical Ballet, run by Irene Larson of NY City Ballet, and of Jun Fan Gung Fu Institute, martial arts school of fighter, teacher and philosopher Bruce Lee. Recapitalize and renovate the property for cash flow in thriving sub-market with focused, high demand renter base or develop in accordance with N3P-65 (M1) zoning. Steps from new mixed-use Safeway valued at $90M & adjacent 24-story M Tower, both by LA-based Fields Holdings.
- Listed by Edward Krigsman • Windermere Real Estate Co.
Property Details for 4750 University Way Northeast
Community Name
University District
School DistrictSeattle
ViewTerritorial
Number of Assigned Spaces1
Total Covered Parking0
Entry Date12-15-2021
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of Windermere Real Estate Co.![]()
Sold By Best Choice Realty LLC
Add your commute
LISTING UPDATED: 02/15/2023 09:31 AM
Property Details for 4750 University Way Northeast
| Status | Sold |
|---|---|
| MLS # | 1872358 |
| Days on Market | 394 |
| Cumulative Days on Market | 765 |
| Taxes | $42,301 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1958 |
| Lot Size | 0.09 AC / 4,120 SF |
| County | King County |
Location
Listing Courtesy of Windermere Real Estate Co.![]()
Sold By Best Choice Realty LLC
Add your commute
Building Information for 4750 University Way Northeast
Stories4Residences20Year Built1958Building Size-Lot Size0.09 AC / 4,120 SF
Payment Calculator
$22,626 per month
30 year fixed, 7.25% Interest
Principal and Interest
$19,101
Property Taxes
$3,525
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 4750 University Way Northeast
Summary
Location and General Information
- Style: 56 - 10+ Units
- Site Features: Cable TV, Fenced-Partially, Gas Available, Patio, Sprinkler System
- Area: 710 - North Seattle
- Elementary School: Green Lake
- Middle Or Junior School: Hamilton Mid
- High School: Lincoln High
- Effective Year Built Source: Public Records
- Directions: From NE 50th Street, turn left onto University Wy NE -if you reach NE 47th St you have gone too far.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2021
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 1.0
- Open Parking: Yes
Interior and Exterior Features
Interior Features
- Furnished: Unfurnished
- Amenities: Coin Op Laundry,Fire Sprinklers,Thermal Windows
- Cooling: Yes
- Fireplace: No
- Heating: Yes
- FIRPTA: No
Exterior Features
- Exterior: Brick, Cement/Concrete, Metal/Vinyl, Stone
- Roof: Flat, Torch Down
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 10800
- Power Company: Seattle City Light
- Sewer Company: Seattle Combined Utilities
- Water Company: Seattle Combined Utilities
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Zoning Class: Multi-Family,Retail,See Remarks
- First Right Of Refusal: false
- Possible Use: Multi-Family, Retail, See Remarks
- Letter On File: Duplicate Prop Type
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1958
- Photos Count: 1
Lot Information
- Lot Details: Alley, Curbs, Paved, Sidewalk
- Lot Size Dimensions: 40 x 103
- Lot Size Source: King County Assessors Office
- Parcel Number Free Text: 8816400350
- Building Condition: Fair
- Calculated Square Footage: 12182
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 12182.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
- Green Energy Efficient: Thermal Windows
Multi Family
Building Details
- Number of Uncovered Spaces: 1
- Number of Stories in Building: 4
- Vacancy Rate: 5
- Number Of Units Total: 20
- Units Below Grade: true
- Units In Building Total: 20
Financing / Income and Expenses
- Electric Expense: $3,000
- Total Expenses: 130372
- Gross Adjusted Income: 396360
- Gross Rent Multiplier: 10.7
- Gross Scheduled Income: $421,241
- Insurance Expense: $10,000
- Net Operating Income: $265,988
- Other Expenses: $64,271
- Total Monthly Income: 34284
- Fuel Expense: $0
Unit 1
- Name Unit 1: B - Retail
- Square Feet Unit 1: 2175
- Rent Unit 1: $4,984.00
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: A - Retail
- Square Feet Unit 2: 1300
- Rent Unit 2: $3,250.00
- Bathrooms Unit 2: 2
Unit 3
- Name Unit 3: 306
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Square Feet Unit 3: 367
- Rent Unit 3: $1,500.00
- Bedrooms Unit 3: 0
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 305
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Square Feet Unit 4: 405
- Rent Unit 4: $1,450.00
- Bedrooms Unit 4: 0
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: 304
- Range/Oven Unit 5: true
- Refrigerator Unit 5: true
- Square Feet Unit 5: 405
- Rent Unit 5: $1,450.00
- Bedrooms Unit 5: 0
- Bathrooms Unit 5: 1
Unit 6
- Name Unit 6: 303
- Range/Oven Unit 6: true
- Refrigerator Unit 6: true
- Square Feet Unit 6: 367
- Rent Unit 6: $1,450.00
- Bedrooms Unit 6: 0
- Bathrooms Unit 6: 1
Unit 7
- Name Unit 7: 302
- Range/Oven Unit 7: true
- Refrigerator Unit 7: true
- Square Feet Unit 7: 367
- Rent Unit 7: $1,450.00
- Bedrooms Unit 7: 0
- Bathrooms Unit 7: 1
Unit 8
- Name Unit 8: 301
- Range/Oven Unit 8: true
- Refrigerator Unit 8: true
- Square Feet Unit 8: 435
- Rent Unit 8: $1,500.00
- Bedrooms Unit 8: 0
- Bathrooms Unit 8: 1
Unit 9
- Name Unit 9: 206
- Range/Oven Unit 9: true
- Refrigerator Unit 9: true
- Square Feet Unit 9: 367
- Rent Unit 9: $1,450.00
- Bedrooms Unit 9: 0
- Bathrooms Unit 9: 1
Unit 10
- Name Unit 10: 205
- Range/Oven Unit 10: true
- Refrigerator Unit 10: true
- Square Feet Unit 10: 405
- Rent Unit 10: $1,400.00
- Bedrooms Unit 10: 0
- Bathrooms Unit 10: 1
Unit 11
- Name Unit 11: 204
- Range/Oven Unit 11: true
- Refrigerator Unit 11: true
- Square Feet Unit 11: 405
- Rent Unit 11: $1,400.00
- Bedrooms Unit 11: 0
- Bathrooms Unit 11: 1
Unit 12
- Name Unit 12: 203
- Range/Oven Unit 12: true
- Refrigerator Unit 12: true
- Square Feet Unit 12: 367
- Rent Unit 12: $1,400.00
- Bedrooms Unit 12: 0
- Bathrooms Unit 12: 1
Unit 13
- Name Unit 13: 202
- Range/Oven Unit 13: true
- Refrigerator Unit 13: true
- Square Feet Unit 13: 367
- Rent Unit 13: $1,400.00
- Bedrooms Unit 13: 0
- Bathrooms Unit 13: 1
Unit 14
- Name Unit 14: 201
- Range/Oven Unit 14: true
- Refrigerator Unit 14: true
- Square Feet Unit 14: 435
- Rent Unit 14: $1,450.00
- Bedrooms Unit 14: 0
- Bathrooms Unit 14: 1
Unit 15
- Name Unit 15: 106
- Range/Oven Unit 15: true
- Refrigerator Unit 15: true
- Square Feet Unit 15: 367
- Rent Unit 15: $1,350.00
- Bedrooms Unit 15: 0
- Bathrooms Unit 15: 1
Unit 16
- Name Unit 16: 105
- Range/Oven Unit 16: true
- Refrigerator Unit 16: true
- Square Feet Unit 16: 405
- Rent Unit 16: $1,250.00
- Bedrooms Unit 16: 0
- Bathrooms Unit 16: 1
Unit 17
- Name Unit 17: 104
- Range/Oven Unit 17: true
- Refrigerator Unit 17: true
- Square Feet Unit 17: 405
- Rent Unit 17: $1,250.00
- Bedrooms Unit 17: 0
- Bathrooms Unit 17: 1
Unit 18
- Name Unit 18: 103
- Range/Oven Unit 18: true
- Refrigerator Unit 18: true
- Square Feet Unit 18: 367
- Rent Unit 18: $1,250.00
- Bedrooms Unit 18: 0
- Bathrooms Unit 18: 1
Unit 19
- Name Unit 19: 102
- Range/Oven Unit 19: true
- Refrigerator Unit 19: true
- Square Feet Unit 19: 367
- Rent Unit 19: $1,250.00
- Bedrooms Unit 19: 0
- Bathrooms Unit 19: 1
Unit 20
- Name Unit 20: 101
- Range/Oven Unit 20: true
- Refrigerator Unit 20: true
- Square Feet Unit 20: 435
- Rent Unit 20: $1,350.00
- Bedrooms Unit 20: 0
- Bathrooms Unit 20: 1
Rental
Rent Information
- Occupant Type: Vacant
- Leasable Area: 10850.0
- Leasable Area Units: Square Feet
Property History for 4750 University Way Northeast
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 4750 University Way Northeast
Taxable ValueLand$1,648,000Additions$3,072,000Total$4,720,000
Tax Record2022$39,115 ($3,260 / month)
Home Facts
Total Finished SqFt7,650 SqFtAbove Ground SqFt7,650 SqFtStories3Lot Size4,120 SqFtStyleMulti-Family Dwelling (2-4)Year Built1958Year Renovated1988ZoningNC3P-65CountyKINGAPN881640-0350
Schools near 4750 University Way Northeast
This home is within Seattle Public Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 5 |
Rating | School | Distance |
|---|---|---|
Green Lake Elementary School PublicPK to 5 | ||
Hamilton International Middle School Public6 to 8 | ||
Lincoln High School Public9 to 12 | ||
McDonald International School PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Windermere Real Estate Co.
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.