With an ideal location just steps from the University of Washington, the property is situated on a 2,500-square-foot parcel with Mid-Rise (MR M1) zoning. As a result, investors have a rare opportunity to acquire an exceptionally well-positioned multifamily asset in one of Seattle’s most desirable and supply-constrained rental markets. The property features a diverse unit mix consisting of studio and two-bedroom residences averaging 518 square feet, appealing to a broad tenant base. A prime location within walking distance of UW provides a consistent demand driver and strong long-term rental fundamentals. Significant capital improvements have already been completed, including a roof replacement within the last four years, upgraded Square D electrical panels, and full copper plumbing, helping reduce near-term capital expenditure requirements for a new owner. Further enhancing the investment appeal, the property boasts a Walk Score of 93 (“Walker’s Paradise”), an 83 Bike Score, and an 82 Transit Score, offering exceptional connectivity throughout Seattle. Investors also have the unique opportunity to acquire an additional fourplex located directly across the street at 710 NE 43rd Street, creating an immediate avenue for portfolio expansion & operational efficiencies within the same submarket.
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Zillow last checked:
Listing updated:
Listed by:
Jonathan D. Bye,
John L. Scott, Inc
Source: NWMLS as distributed by MLS GRID,MLS#: 2567345
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 4
Heating
Forced Air, Electric
Cooling
None
Features
Has fireplace: No
Interior area
Total structure area: 1,730
Total interior livable area: 1,730 sqft
Property
Lot
Size: 2,500 Square Feet
Features: Curbs, Paved, Sidewalk
Details
Parcel number: 4092300910
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Architectural style: 4-Plex
Property subtype: Quadruplex, Multi Family
Materials
Wood Products
Roof: Composition
Condition
Year built: 1908
Utilities & green energy
Sewer: Sewer Connected
Water: Public
Community & HOA
Community
Subdivision: University District
Location
Region: Seattle
Financial & listing details
Price per square foot: $575/sqft
Tax assessed value: $970,000
Annual tax amount: $10,014
Date on market: 8/10/2026
Cumulative days on market: 7 days
Listing terms: Conventional
Estimated market value
Zestimate®
$958,900
Estimated sales range
$911,000 - $1.01M
Rent Zestimate®
$1,990/mo
Price history
Date
Event
Price
8/11/2026
Listed for sale
$995,000+243.1%$575/sqft
Source: NWMLS as distributed by MLS GRID #2567345Report a problem