11th Ave Assemblage
Seattle, WA
University District
HIGHLIGHTS
- Near major transit routes, light rail, and I-5 for connectivity.
- Walkable access to retail, restaurants, and recreation (Greenlake, Ravenna Park).
- Close to University of Washington (projected enrollment growth to ~63,700 in 2025).
- Current demographic is young, student-heavy, ensuring sustained rental demand.
- The property falls within HUD’s Qualified Census Tracts (QCT), which may provide potential benefits for financing.
- Neighborhood undergoing significant redevelopment and up-zoning.
OVERVIEW
A unique opportunity to own the NE corner of a block in the University District in Seattle. 5031-5045 11th ave NE. Zoned Midrise (85ft), the lots cover 18.6k sq ft of lot space. There are 13 rental units between 4 buildings and one vacant lot. The site falls within HUDs Qualified Census Tract. The OM in the supplements has the additional information you’re looking for. A massing study for 118 units is available to share upon request. Please contact the listing agent w/ any questions.
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
206-419-3092
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
206-419-3092
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
