5003 15th Avenue Northeast
5003 15th Avenue Northeast
Seattle, WA 98105
$5,500,000
Price
13
Beds
23
Baths
16,848 Sq. Ft.
$326 / Sq. Ft.
16,848
Sq. Ft.
$326
per Sq. Ft.
Listing provided courtesy of Lee & Associates Commercial RE
Description
The Davison is timeless, well-maintained pride of ownership building in the heart of the Seattle’s University District neighborhood and walking distance to the University of Washington. It features spacious units averaging 670 sf per unit with a unit mix of 10 studios and 13 1-bedrooms (buyer to verify). Units feature elegant crown molding, oak hardwood floors and vintage penny tile. Most units feature newer kitchen cabinets and granite countertops as well as vanities. The building also features...The Davison is timeless, well-maintained pride of ownership building in the heart of the Seattle’s University District neighborhood and walking distance to the University of Washington. It features spacious units averaging 670 sf per unit with a unit mix of 10 studios and 13 1-bedrooms (buyer to verify). Units feature elegant crown molding, oak hardwood floors and vintage penny tile. Most units feature newer kitchen cabinets and granite countertops as well as vanities. The building also features six secure garage spaces with access off the alley. Sitting on an 8,220 sf LR3 zoned corner lot, the Davison is a handsome opportunity to realize significant rental upside in one of Seattle’s most sought-after and well supported rental markets
- Listed by Daniel Lim • Lee & Associates Commercial RE
- Listed by Candice Chevaillier • Lee & Associates Commercial RE
Property Details for 5003 15th Avenue Northeast
Community Name
University District
School DistrictSeattle
Number of Assigned Spaces5
Total Covered Parking5
Entry Date02-09-2024
Energy SourceElectric,Natural Gas
SewerSewer Connected
Location
Listing Courtesy of Lee & Associates Commercial RE![]()
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LISTING UPDATED: 04/15/2024 04:32 PM
Property Details for 5003 15th Avenue Northeast
| Status | Active |
|---|---|
| MLS # | 2198631 |
| Days on Market | 80 |
| Cumulative Days on Market | 79 |
| Taxes | $52,906 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1926 |
| Lot Size | 0.19 AC / 8,220 SF |
| County | King County |
Location
Listing Courtesy of Lee & Associates Commercial RE![]()
Add your commute
Building Information for 5003 15th Avenue Northeast
Stories3Residences23Year Built1926Building Size-Lot Size0.19 AC / 8,220 SF
Payment Calculator
$34,425 per month
30 year fixed, 7.25% Interest
Principal and Interest
$30,016
Property Taxes
$4,409
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 5003 15th Avenue Northeast
Summary
Location and General Information
- Style: 56 - 10+ Units
- Area: 710 - North Seattle
- Effective Year Built Source: Public Records
- Directions: Heading East on 50th St, building on the left on the corner of 15th Ave NE
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2023
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 0.0
- Open Parking: No
Virtual Tour
- Virtual Tour URL Description: Property Website
Interior and Exterior Features
Interior Features
- Floor Covering: Ceramic Tile, Hardwood, Laminate
- Features: Ceramic Tile, Hardwood, Laminate
- Amenities: Basement,Coin Op Laundry,Storage,Thermal Windows
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
- FIRPTA: No
Exterior Features
- Exterior: Brick
- Roof: Flat
Property
Utilities
- Water/Sewer/Garbage: 30068
- Power Production Type: Electric, Natural Gas
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- First Right Of Refusal: false
- MLS Square Footage Source: Public records
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1926
- Photos Count: 22
Lot Information
- Lot Details: Corner Lot, Secluded, Sidewalk
- Lot Size Source: County
- Parcel Number Free Text: 8816400420
- Calculated Square Footage: 16848
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 16848.0
- 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: 0
- Number of Stories in Building: 3
- Vacancy Rate: 5
- Number Of Units Total: 23
- Units Below Grade: true
- Units In Building Total: 23
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 144253
- Gross Adjusted Income: 379338
- Gross Rent Multiplier: 13.9
- Gross Scheduled Income: $399,060
- Insurance Expense: $8,962
- Net Operating Income: $235,085
- Other Expenses: $52,317
- Total Monthly Income: 46229
- Fuel Expense: $0
Unit 1
- Name Unit 1: A
- Washer/Dryer Unit 1: false
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: false
- Square Feet Unit 1: 800
- Rent Unit 1: $1,500.00
- Bedrooms Unit 1: 1
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: B
- Washer/Dryer Unit 2: false
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: false
- Square Feet Unit 2: 500
- Rent Unit 2: $1,200.00
- Bedrooms Unit 2: 0
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: C
- Washer/Dryer Unit 3: false
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: false
- Square Feet Unit 3: 500
- Rent Unit 3: $1,100.00
- Bedrooms Unit 3: 0
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 102
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Square Feet Unit 4: 500
- Rent Unit 4: $1,300.00
- Bedrooms Unit 4: 0
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: E
- Range/Oven Unit 5: true
- Refrigerator Unit 5: true
- Square Feet Unit 5: 500
- Rent Unit 5: $1,250.00
- Bedrooms Unit 5: 0
- Bathrooms Unit 5: 1
Unit 6
- Name Unit 6: D
- Range/Oven Unit 6: true
- Refrigerator Unit 6: true
- Square Feet Unit 6: 500
- Rent Unit 6: $1,100.00
- Bedrooms Unit 6: 0
- Bathrooms Unit 6: 1
Unit 7
- Name Unit 7: 101
- Range/Oven Unit 7: true
- Refrigerator Unit 7: true
- Square Feet Unit 7: 800
- Rent Unit 7: $1,600.00
- Bedrooms Unit 7: 1
- Bathrooms Unit 7: 1
Unit 8
- Name Unit 8: 202
- Range/Oven Unit 8: true
- Refrigerator Unit 8: true
- Square Feet Unit 8: 500
- Rent Unit 8: $1,400.00
- Bedrooms Unit 8: 0
- Bathrooms Unit 8: 1
Unit 9
- Name Unit 9: 201
- Range/Oven Unit 9: true
- Refrigerator Unit 9: true
- Square Feet Unit 9: 800
- Rent Unit 9: $1,480.00
- Bedrooms Unit 9: 1
- Bathrooms Unit 9: 1
Unit 10
- Name Unit 10: 204
- Range/Oven Unit 10: true
- Refrigerator Unit 10: true
- Square Feet Unit 10: 800
- Rent Unit 10: $1,600.00
- Bedrooms Unit 10: 1
- Bathrooms Unit 10: 1
Unit 11
- Name Unit 11: 203
- Range/Oven Unit 11: true
- Refrigerator Unit 11: true
- Square Feet Unit 11: 800
- Rent Unit 11: $1,480.00
- Bedrooms Unit 11: 1
- Bathrooms Unit 11: 1
Unit 12
- Name Unit 12: 103
- Range/Oven Unit 12: true
- Refrigerator Unit 12: true
- Square Feet Unit 12: 800
- Rent Unit 12: $1,480.00
- Bedrooms Unit 12: 1
- Bathrooms Unit 12: 1
Unit 13
- Name Unit 13: 104
- Range/Oven Unit 13: true
- Refrigerator Unit 13: true
- Square Feet Unit 13: 800
- Rent Unit 13: $1,590.00
- Bedrooms Unit 13: 1
- Bathrooms Unit 13: 1
Unit 14
- Name Unit 14: 105
- Range/Oven Unit 14: true
- Refrigerator Unit 14: true
- Square Feet Unit 14: 500
- Rent Unit 14: $1,320.00
- 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: 800
- Rent Unit 15: $1,450.00
- Bedrooms Unit 15: 1
- Bathrooms Unit 15: 1
Unit 16
- Name Unit 16: 206
- Range/Oven Unit 16: true
- Refrigerator Unit 16: true
- Square Feet Unit 16: 800
- Rent Unit 16: $1,480.00
- Bedrooms Unit 16: 1
- Bathrooms Unit 16: 1
Unit 17
- Name Unit 17: 205
- Range/Oven Unit 17: true
- Refrigerator Unit 17: true
- Square Feet Unit 17: 500
- Rent Unit 17: $1,200.00
- Bedrooms Unit 17: 0
- Bathrooms Unit 17: 1
Unit 18
- Name Unit 18: 301
- Range/Oven Unit 18: true
- Refrigerator Unit 18: true
- Square Feet Unit 18: 800
- Rent Unit 18: $1,600.00
- Bedrooms Unit 18: 1
- Bathrooms Unit 18: 1
Unit 19
- Name Unit 19: 302
- Range/Oven Unit 19: true
- Refrigerator Unit 19: true
- Square Feet Unit 19: 500
- Rent Unit 19: $1,500.00
- Bedrooms Unit 19: 0
- Bathrooms Unit 19: 1
Unit 20
- Name Unit 20: 303
- Range/Oven Unit 20: true
- Refrigerator Unit 20: true
- Square Feet Unit 20: 800
- Rent Unit 20: $1,600.00
- Bedrooms Unit 20: 1
- Bathrooms Unit 20: 1
Unit 21
- Name Unit 21: 304
- Range/Oven Unit 21: true
- Refrigerator Unit 21: true
- Square Feet Unit 21: 800
- Rent Unit 21: $1,590.00
- Bedrooms Unit 21: 1
- Bathrooms Unit 21: 1
Unit 22
- Name Unit 22: 305
- Range/Oven Unit 22: true
- Refrigerator Unit 22: true
- Square Feet Unit 22: 500
- Rent Unit 22: $1,400.00
- Bedrooms Unit 22: 0
- Bathrooms Unit 22: 1
Unit 23
- Name Unit 23: 306
- Range/Oven Unit 23: true
- Refrigerator Unit 23: true
- Square Feet Unit 23: 800
- Rent Unit 23: $1,650.00
- Bedrooms Unit 23: 1
- Bathrooms Unit 23: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 15400.0
- Leasable Area Units: Square Feet
Property History for 5003 15th Avenue 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 5003 15th Avenue Northeast
Taxable ValueLand$2,301,600Additions$3,968,400Total$6,270,000
Tax Record2022$105,859 ($8,822 / month)
Home Facts
Total Finished SqFt16,830 SqFtAbove Ground SqFt16,830 SqFtUnfinished Basement Area1,162 SqFtStories3Lot Size8,220 SqFtStyleMulti-Family Dwelling (2-4)Year Built1926Year Renovated1994ZoningLR3CountyKINGAPN881640-0420
Schools near 5003 15th Avenue 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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Lee & Associates Commercial RE
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.