1417 NE 55th St - Apartments FOR SALE


Seattle, WA 98105- University District
$2,375,000 USD
206-442-2713
1417 NE 55th St, Seattle, WA for Sale
$2,375,000 USD
Apartments - FOR SALE
1/15
null | 5.54% Cap Rate

1417 NE 55th St
Seattle, WA 98105
University District


HIGHLIGHTS

  • Well located in dynamic University District neighborhood
  • All units fully remodeled to a premium scope
  • Updated plumbing and electrical
  • Kitchens feature white shaker cabinets, solid surface counters and stainless-steel appliances
  • Assumable financing at 5.5% interest-only for two years fixed for four years
  • 0.5 mile to U-District light rail station

OVERVIEW

CBRE is pleased to present the University Heights Apartments, a fully renovated six-unit multifamily asset located in Seattle’s thriving University District. This turn-key investment offers strong in-place cash flow with a 5.54% cap rate and a rare opportunity to acquire a boutique property featuring large, spacious units—five two-bedrooms and one one-bedroom—each fully remodeled to a premium standard in 2021–2022. Each unit showcases modern finishes including white shaker cabinetry, solid surface countertops, and stainless-steel appliances. Recent capital improvements include a new roof, windows, exterior paint, and updated plumbing and electrical systems, ensuring minimal near-term maintenance.

FOR SALE DETAILS

PRICE

$2,375,000 USD

PRICE/SF

$439 USD /SF

# OF UNITS

6

PRICE/UNIT

$395,833

CAP RATE

5.54%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

University Heights

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1918

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,150 SF

ZONING

LR3, Seattle

APN/PARCEL ID

871460-0040

ASK ABOUT THIS PROPERTY

Reed HunterCBREMore Info
206-442-2713

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Reed HunterCBREMore Info
206-442-2713

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.