Maplewood offers a 24-unit value-add apartment building located in the highly sought-after University District of Seattle.Offered for sale at $8.9 million, this property is on the market for the first time and presents a unique chance to acquire a legacy asset that has been meticulously maintained by the same family since 1985.Maplewood features large units in exceptional condition, providing ample potential for value-add renovations.After light renovations, rental rates can increase by 20% or more, making this property an attractive prospect for savvy investors. Located steps away from the prestigious University of Washington-ranked #2 in the U.S.Maplewood is just minutes away from an abundance amenities, and a regional light rail station.
Sold
Listed by: Kidder Mathews
Bought with: Kidder Mathews
$8,140,000
4253 7th Avenue NE, Seattle, WA 98105
--beds
--baths
20,587sqft
Multi Family
Built in 1985
-- sqft lot
$5,744,400 Zestimate®
$395/sqft
$1,960 Estimated rent
Home value
$5,744,400
$4.60M - $7.24M
$1,960/mo
Zestimate® history
Owner options
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$1,960/mo
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$1,960/mo
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$48,923/mo
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$48,923/mo
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Zillow last checked:
Listing updated:
Offers reviewed: May 30
Listed by:
Max Frame,
Kidder Mathews
Bought with:
Max Frame, 130533
Kidder Mathews
Source: NWMLS as distributed by MLS GRID,MLS#: 2236772
Facts & features
Interior
Heating
- Baseboard, Electric
Cooling
- None
Features
- Flooring: Laminate, Carpet
- Has fireplace: No
Interior area
- Total structure area: 20,587
- Total interior livable area: 20,587 sqft
Property
Parking
- Total spaces: 27
- Parking features: Open
- Covered spaces: 23
- Uncovered spaces: 4
Features
- Patio & porch: Laminate Tile, Wall to Wall Carpet
Lot
- Size: 0.30 Acres
- Dimensions: 13025
- Features: Curbs, Sidewalk, Gated Entry
Details
- Parcel number: 4092300780
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Stucco
- Foundation: Poured Concrete
- Roof: Flat
Condition
- Very Good
- Year built: 1985
- Major remodel year: 1985
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: SPU
- Water: Public, Company: SPU
Community & neighborhood
Location
- Region: Seattle
- Subdivision: University District
Other
Other facts
- Listing terms: Conventional
- Cumulative days on market: 621 days
Price history
| Date | Event | Price |
|---|---|---|
| 8/22/2024 | Sold | $8,140,000-8.5%$395/sqft |
Source:  NWMLS as distributed by MLS GRID #2236772 Report a problem | ||
| 6/25/2024 | Pending sale | $8,900,000$432/sqft |
Source: NWMLS as distributed by MLS GRID #2236772 Report a problem | ||
| 5/13/2024 | Listed for sale | $8,900,000$432/sqft |
Source: NWMLS as distributed by MLS GRID #2236772 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 9/6/2019 | Listing removed | $1,200 |
Source: Owner Report a problem | ||
| 8/17/2019 | Price change | $1,200-7.7% |
Source: Owner Report a problem | ||
| 6/18/2019 | Listed for rent | $1,300+2% |
Source: Owner Report a problem | ||
| 7/17/2018 | Listing removed | $1,275 |
Source: Owner Report a problem | ||
| 5/16/2018 | Price change | $1,275-24.6% |
Source: Owner Report a problem | ||
| 2/22/2018 | Listed for rent | $1,690-32.1% |
Source: Owner Report a problem | ||
| 8/9/2017 | Listing removed | $2,490 |
Source: Owner Report a problem | ||
| 7/27/2017 | Price change | $2,490-3.5% |
Source: Owner Report a problem | ||
| 6/19/2017 | Listed for rent | $2,580+53.6% |
Source: Owner Report a problem | ||
| 6/8/2016 | Listing removed | $1,680-26.3% |
Source: Owner Report a problem | ||
| 3/11/2016 | Price change | $2,280+11.8% |
Source: Owner Report a problem | ||
| 2/19/2016 | Price change | $2,040+4.6% |
Source: Owner Report a problem | ||
| 1/19/2016 | Price change | $1,950-2% |
Source: Owner Report a problem | ||
| 9/25/2015 | Price change | $1,990-3.4% |
Source: Owner Report a problem | ||
| 8/22/2015 | Price change | $2,060-9.6% |
Source: Owner Report a problem | ||
| 8/5/2015 | Price change | $2,280+5.6% |
Source: Owner Report a problem | ||
| 7/12/2015 | Price change | $2,160-7.7% |
Source: Owner Report a problem | ||
| 6/28/2015 | Price change | $2,340+8.3% |
Source: Owner Report a problem | ||
| 6/17/2015 | Listed for rent | $2,160+8% |
Source: Owner Report a problem | ||
| 10/20/2014 | Listing removed | $2,000 |
Source: Owner Report a problem | ||
| 7/27/2014 | Listed for rent | $2,000 |
Source: Maplewood Apartments Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: University District
Nearby schools
GreatSchools rating
- 9/10John Stanford International Elementary SchoolGrades: K-5Distance: 0.2 mi
- 8/10Hamilton International Middle SchoolGrades: 6-8Distance: 0.8 mi
- 10/10Lincoln High SchoolGrades: 9-12Distance: 0.9 mi
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Estimated market value
$5,744,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$5,744,400
- Washington
- King County
- Seattle
- 98105
- University District
- 4253 7th Avenue NE
Nearby cities
Nearby neighborhoods
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