Located in the heart of Seattle’s vibrant University District just blocks from the UW, the Penthouse presents investors with the rare opportunity to purchase a well-built, value-add asset in a highly profitable & stable apartment submarket minutes from Downtown Seattle. The Penthouse will also appeal to developers looking to build view housing or ±60 studios. Rental upside, strong occupancy, and historically high appreciation make this opportunity a very attractive long-term investment.
Listing courtesy of NWMLS / Kidder Mathews
Last checked:
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Last updated May 12, 2023
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MLS# 1243001 —
The Building
Year Built:
1948
Year Built:
1990
Year Built Source:
Public Records
New Construction:
false
Structure Type:
Multi Family
Exterior Features:
Brick,Stucco
Roof:
Flat
Units In Building Total:
12
# of Units Total:
12
Stories Total:
3
Building Area Total:
11880
Building Area Units:
Square Feet
Calculated SqFt:
11880
Green Energy Efficient:
Thermal Windows
Interior
Furnished:
Unfurnished
Flooring:
Laminate,Carpet
Fireplace:
false
Financial & Terms
Possession:
Closing
Buyer Financing:
Not Disclosed
Location
Latitude:
47.662888
Longitude:
-122.30371
Unit Number:
1-12
Directions:
From NE 45th Street, turn north on 20th Ave NE, then right on NE 47th Street. NE 47th St turns right and becomes 21st Pl NE. Turn left onto 22nd Ave NE, and destination will be on the right.
The Property
Property Type:
Residential Income
Property Subtype:
Multi-Family
Parcel Number:
0925049221
Lot Features:
Curbs,Paved,Sidewalk,Value In Land
Lot Size Units:
Square Feet
Lot Size Acres:
0.241
Lot Size SqFt:
10500
Lot Size Source:
Public Records
Zoning Class:
Multi-Family
Electric On Property:
false
View:
Lake,Mountain(s),Partial
View:
true
Waterfront:
false
Possible Use:
Multi-Family
Irrigation Water Rights:
false
Listing Agent
Contact info:
Agent phone:
(360) 705-2800
Office phone:
(360) 705-2800
Taxes
Tax Year:
2017
Tax Annual Amount:
25057
The Listing
Special Listing Conditions:
None
Heating & Cooling
Heating:
true
Heating Cooling Type:
Baseboard,Radiant
Utilities
Utilities:
Sewer Connected,Electricity Available
Sewer:
Sewer Connected
Water Sewer Garbage:
12788
Schools
High School District:
Seattle
The Community
Subdivision Name:
University District
Amenities:
Coin Op Laundry,Storage,Thermal Windows
Parking
Parking Total:
4
Open Parking:
false
Carport:
false
Covered Spaces:
4
Listing courtesy of NWMLS / Kidder Mathews
This "Three Trees" icon indicates a listing provided courtesy of NWMLS. To submit a request for a takedown notice per the Digital Millennium Copyright Act (the “DMCA”) for any NWMLS listings please see these guidelines and follow the instructions provided.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.
GreatSchools scores are based on a scale from 1 to 10, where 10 is above average. The school service areas are not definitive and should only be used as guidance.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date
Event
Source
Price
% Change
5/10/18
May 10, 2018
Sold
NWMLS
$3,900,000
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Multifamily
Sold
on 5/10/2018
$3,900,000
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This "Three Trees" icon indicates a listing provided courtesy of NWMLS. To submit a request for a takedown notice per the Digital Millennium Copyright Act (the “DMCA”) for any NWMLS listings please see these guidelines and follow the instructions provided.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.
Disclaimer: The information contained in this listing has not been verified by Kidder Mathews and should be verified by the buyer.
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Last updated May 12, 2023
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