Rare investment opportunity in the heart of the University District. One of only two undeveloped parcels on the block—ideal for long-term hold or future development. Currently leased at $8,500/month through 8/31/2025, with rent increasing to $8,925/month through 8/31/2026. Zoned LR3 (M), allowing for multifamily or mixed-use potential. Surrounded by new developments and just blocks from UW campus, light rail, shops, and restaurants. High-demand rental area with strong income and appreciation potential. Tremendous value in land—don’t miss this chance to secure a prime spot in one of Seattle’s hottest submarkets!
Sold
Listed by: Skyline Properties, Inc. • Sheryl Yang
Bought with: Coldwell Banker Bain
$1,620,000
4723 21st Ave NE, Seattle, WA 98105
8beds
3baths
3,996sqft
Multi Family
Built in 1950
-- sqft lot
$1,511,900 Zestimate®
$405/sqft
$3,598 Estimated rent
Home value
$1,511,900
$1.35M - $1.68M
$3,598/mo
Zestimate® history
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$9,960/mo
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Undeveloped parcel
Zillow last checked:
Listing updated:
Listed by:
Sheryl Yang,
Skyline Properties, Inc.
Bought with:
Franz T. Diessner, 106138
Coldwell Banker Bain
Joe Overland, 80666
Coldwell Banker Bain
Source: NWMLS as distributed by MLS GRID,MLS#: 2376143
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
Heating
- Forced Air, Electric, Natural Gas
Cooling
- None
Features
- Flooring: Ceramic Tile, Hardwood, Carpet
- Has fireplace: No
Interior area
- Total structure area: 3,996
- Total interior livable area: 3,996 sqft
Property
Parking
- Total spaces: 4
- Parking features: Open
- Uncovered spaces: 4
Features
- Patio & porch: Ceramic Tile
Lot
- Size: 3,998 Square Feet
- Features: Paved, Sidewalk, Deck, Fenced-Fully, Gas Available, High Speed Internet
Details
- Parcel number: 0925049186
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Cement Planked, Wood Products, Cement Plank
- Foundation: Poured Concrete
- Roof: Built-Up
Condition
- Year built: 1950
- Major remodel year: 1980
Utilities & green energy
- Sewer: Sewer Connected
- Water: Public
Community & HOA
Community
- Subdivision: University District
Location
- Region: Seattle
Financial & listing details
- Price per square foot: $405/sqft
- Tax assessed value: $1,498,000
- Annual tax amount: $14,274
- Date on market: 6/23/2025
- Cumulative days on market: 277 days
- Listing terms: Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 5/30/2025 | Sold | $1,620,000-3.6%$405/sqft |
Source:  NWMLS as distributed by MLS GRID #2376143 Report a problem | ||
| 5/22/2025 | Pending sale | $1,680,000$420/sqft |
Source: NWMLS as distributed by MLS GRID #2376143 Report a problem | ||
| 5/14/2025 | Listed for sale | $1,680,000+12.8%$420/sqft |
Source: NWMLS as distributed by MLS GRID #2376143 Report a problem | ||
| 1/25/2025 | Listing removed | $8,500$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/22/2025 | Listed for rent | $8,500$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/5/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 1/8/2024 | Listed for rent | $8,500$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/11/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 11/27/2022 | Listed for rent | $8,500+136.1%$2/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 5/27/2022 | Sold | $1,488,888-0.1%$373/sqft |
Source: NWMLS as distributed by MLS GRID #1909073 Report a problem | ||
| 4/8/2022 | Pending sale | $1,490,000$373/sqft |
Source: NWMLS as distributed by MLS GRID #1909073 Report a problem | ||
| 4/1/2022 | Listed for sale | $1,490,000+189.3%$373/sqft |
Source: NWMLS as distributed by MLS GRID #1909073 Report a problem | ||
| 8/21/2020 | Listing removed | $3,600$1/sqft |
Source: Prime Metropolis Properties Inc (PMP Inc) Report a problem | ||
| 8/1/2020 | Listed for rent | $3,600$1/sqft |
Source: Prime Metropolis Properties Inc (PMP Inc) Report a problem | ||
| 3/7/2020 | Listing removed | $3,600$1/sqft |
Source: Prime Metropolis Properties Inc (PMP Inc) Report a problem | ||
| 2/19/2020 | Listed for rent | $3,600+71.4%$1/sqft |
Source: Prime Metropolis Properties, Inc. Report a problem | ||
| 7/11/2018 | Listing removed | $2,100$1/sqft |
Source: Elink Realty Report a problem | ||
| 6/19/2018 | Price change | $2,100-2.8%$1/sqft |
Source: Elink Realty Report a problem | ||
| 5/18/2018 | Price change | $2,160-37.2%$1/sqft |
Source: Elink Realty Report a problem | ||
| 5/7/2018 | Price change | $3,440-40.4%$1/sqft |
Source: Elink Realty Report a problem | ||
| 4/18/2018 | Price change | $5,775-5.7%$1/sqft |
Source: Elink Realty Report a problem | ||
| 2/28/2018 | Listed for rent | $6,125$2/sqft |
Source: Elink Realty Report a problem | ||
| 3/15/2005 | Sold | $515,000$129/sqft |
Source: NWMLS as distributed by MLS GRID #24163902 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $15,475 +8.2% | $1,498,000 +0.3% |
| 2024 | $14,306 +0.2% | $1,493,500 -1.6% |
| 2023 | $14,274 +27.2% | $1,518,500 +14.9% |
| 2022 | $11,223 +8.3% | $1,321,100 +17.9% |
| 2021 | $10,367 -4.7% | $1,121,000 |
| 2020 | $10,876 +2.1% | $1,121,000 +1% |
| 2019 | $10,657 +23.4% | $1,110,400 +11.4% |
| 2018 | $8,638 +0.9% | $997,100 +16.2% |
| 2017 | $8,560 +59.8% | $858,100 +19.5% |
| 2016 | $5,357 | $717,800 +4.5% |
| 2015 | $5,357 | $686,600 +25.1% |
| 2014 | $5,357 | $548,900 |
| 2013 | $5,357 | $548,900 +15.4% |
| 2012 | -- | $475,700 +6.7% |
| 2011 | -- | $446,000 +1.1% |
| 2010 | -- | $441,000 |
| 2009 | -- | $441,000 +56.9% |
| 2007 | -- | $281,000 +16.6% |
| 2006 | -- | $241,000 +19.9% |
| 2005 | -- | $201,000 +8.2% |
| 2001 | $2,232 -4.6% | $185,800 |
| 2000 | $2,339 | $185,800 |
Find assessor info on the county website
Neighborhood: University District
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Nearby schools
GreatSchools rating
- 7/10Laurelhurst Elementary SchoolGrades: K-5Distance: 1.3 mi
- 9/10Eckstein Middle SchoolGrades: 6-8Distance: 1.4 mi
- 10/10Roosevelt High SchoolGrades: 9-12Distance: 1 mi
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Estimated market value
$1,511,900
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Estimated market value
$1,511,900
- Washington
- King County
- Seattle
- 98105
- University District
- 4723 21st Ave NE
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