Turn around 27 unit apartment complex listed at 5.2% Cap Rate based so far on 2023. Current vacancy at 19% which allows for instant potential to increase cap rate.This complex has 1 kitchen 4 showers and 4 rest rooms; coin op laundry, and 6 parking stalls. All studios are decent sized with mini fridge, microwave, bed, chair and desk. All windows upgraded to vinyl cased thermopane. All original systems are intact and working well. All rooms have baseboard radiator heat supplied by central gas fired boiler with four zones, dedicated thermostat on each floor. 2 hot gas hot water tanks. In 2021 and 2022, all flooring was upgraded to LVP. New Torch down roof is 2017. Ask Broker to see more pictures of the property.
Sold
Listed by: Best Choice Realty LLC
Bought with: Windermere Real Estate Central
$2,410,000
4528 20th Avenue NE, Seattle, WA 98105
--beds
--baths
5,952sqft
Multi Family
Built in 1964
-- sqft lot
$2,459,000 Zestimate®
$405/sqft
$3,668 Estimated rent
Home value
$2,459,000
$2.19M - $2.75M
$3,668/mo
Zestimate® history
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$14,553/mo
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Zillow last checked:
Listing updated:
Listed by:
Craig Ruden,
Best Choice Realty LLC
Bought with:
Jaeyun Jung, 126808
Windermere Real Estate Central
Source: NWMLS as distributed by MLS GRID,MLS#: 2165235
Facts & features
Interior
Heating
- Baseboard, Electric, Natural Gas
Cooling
- None
Features
- Flooring: Vinyl Plank
- Windows: Thermal Windows
- Has fireplace: No
Interior area
- Total structure area: 5,952
- Total interior livable area: 5,952 sqft
Property
Parking
- Total spaces: 6
- Parking features: Open
- Carport spaces: 4
- Uncovered spaces: 2
Lot
- Size: 3,876 sqft
- Features: Curbs, Paved, Sidewalk, Outbuildings, Sprinkler System
Details
- Parcel number: 1321300060
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Flat
Condition
- Average
- Year built: 1964
- Major remodel year: 2005
Utilities & green energy
- Electric: Company: Seattle City Lights
- Sewer: Sewer Connected, Company: Seattle Public Utilities
- Water: Public, Company: Seattle Public Utilities
Green energy
- Energy efficient items: Thermal Windows
Community & neighborhood
Location
- Region: Seattle
- Subdivision: University District
Other
Other facts
- Listing terms: Conventional
- Cumulative days on market: 824 days
Price history
| Date | Event | Price |
|---|---|---|
| 5/22/2024 | Sold | $2,410,000-6.9%$405/sqft |
Source:  NWMLS as distributed by MLS GRID #2165235 Report a problem | ||
| 2/26/2024 | Pending sale | $2,590,000$435/sqft |
Source: NWMLS as distributed by MLS GRID #2165235 Report a problem | ||
| 11/12/2023 | Price change | $2,590,000-3.9%$435/sqft |
Source: NWMLS as distributed by MLS GRID #2165235 Report a problem | ||
| 9/28/2023 | Listed for sale | $2,695,000-10.2%$453/sqft |
Source: NWMLS as distributed by MLS GRID #2165235 Report a problem | ||
| 2/7/2018 | Listing removed | $765 |
Source: Davis Property Management Report a problem | ||
| 2/3/2018 | Listed for rent | $765 |
Source: Davis Property Management Report a problem | ||
| 11/10/2017 | Listing removed | $765 |
Source: Davis Property Management Report a problem | ||
| 9/19/2017 | Listed for rent | $765-4.4% |
Source: Davis Property Management Report a problem | ||
| 5/26/2017 | Listing removed | $800 |
Source: City Closers - Property # 332026 Report a problem | ||
| 5/11/2017 | Listed for rent | $800 |
Source: City Closers - Property # 332026 Report a problem | ||
| 4/12/2017 | Sold | $3,000,000-3.2%$504/sqft |
Source: NWMLS as distributed by MLS GRID #1056081 Report a problem | ||
| 12/28/2016 | Listing removed | $3,100,000$521/sqft |
Source: Skyline Properties Inc #1056081 Report a problem | ||
| 12/10/2016 | Price change | $3,100,000-4.6%$521/sqft |
Source: Skyline Properties Inc #1056081 Report a problem | ||
| 9/14/2016 | Listed for sale | $3,250,000$546/sqft |
Source: Windermere Real Estate Company #965687 Report a problem | ||
| 8/6/2016 | Pending sale | $3,250,000$546/sqft |
Source: Windermere Real Estate Company #965687 Report a problem | ||
| 6/23/2016 | Listed for sale | $3,250,000+99.9%$546/sqft |
Source: Windermere Real Estate Company #965687 Report a problem | ||
| 7/29/2005 | Sold | $1,626,000+112.2%$273/sqft |
Source: NWMLS as distributed by MLS GRID #25073732 Report a problem | ||
| 1/20/1998 | Sold | $766,170$129/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $24,822 +1.7% | $2,412,100 -5.8% |
| 2024 | $24,400 +0.5% | $2,560,600 -1.3% |
| 2023 | $24,289 +7.9% | $2,595,200 -3.1% |
| 2022 | $22,501 +11.6% | $2,679,200 +21.6% |
| 2021 | $20,165 -5.6% | $2,203,800 -0.9% |
| 2020 | $21,363 -0.5% | $2,223,400 -1.6% |
| 2019 | $21,477 +19.6% | $2,260,200 +7.7% |
| 2018 | $17,952 +6.3% | $2,098,000 +22.6% |
| 2017 | $16,892 +35.3% | $1,710,600 +2.1% |
| 2016 | $12,486 | $1,675,100 +12.8% |
| 2015 | $12,486 | $1,484,600 +14% |
| 2014 | $12,486 | $1,302,800 -2.7% |
| 2013 | $12,486 | $1,339,200 +4.3% |
| 2012 | -- | $1,283,500 -6.2% |
| 2011 | -- | $1,368,000 |
| 2010 | -- | $1,368,000 |
| 2009 | -- | $1,368,000 +41.7% |
| 2007 | -- | $965,400 +6.9% |
| 2006 | -- | $902,800 +3.1% |
| 2005 | -- | $875,500 +29.1% |
| 2001 | $7,838 -5.6% | $678,000 |
| 2000 | $8,307 | $678,000 |
Find assessor info on the county website
Neighborhood: University District
Nearby schools
GreatSchools rating
- 7/10Laurelhurst Elementary SchoolGrades: K-5Distance: 1.3 mi
- 9/10Eckstein Middle SchoolGrades: 6-8Distance: 1.5 mi
- 10/10Roosevelt High SchoolGrades: 9-12Distance: 1.1 mi
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Estimated market value
$2,459,000
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Estimated market value
$2,459,000
- Washington
- King County
- Seattle
- 98105
- University District
- 4528 20th Avenue NE
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