4750 University Way NE
Seattle, WA 98105
- – beds
- – baths
- 12,182 sqft
- 4,120 sqft lot
- $287 per sqft
- 1958 build
More homes
Unique investment/redevelopment opportunity in prime University District location revitalized by new light rail 2 blocks away. Striking 12000 SF mid-century mixed-use building on “the Ave” by architect Samuel Morrison comprises 18 vintage open 1BR apartments and 3500 SF boutique retail space, once home of Academy of Classical Ballet, run by Irene Larson of NY City Ballet, and of Jun Fan Gung Fu Institute, martial arts school of fighter, teacher and philosopher Bruce Lee. Recapitalize and renovate the property for cash flow in thriving sub-market with focused, high demand renter base or develop in accordance with N3P-65 (M1) zoning. Steps from new mixed-use Safeway valued at $90M & adjacent 24-story M Tower, both by LA-based Fields Holdings.
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Last updated Sep 5, 2024
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MLS# 1872358 —
The Building
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Year Built:1958
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Year Built:1958
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Year Built Source:Public Records
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New Construction:false
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Building Name:University Heights Add
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Structure Type:Multi Family
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Roof:Flat, Torch Down
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Security Features:FullyFenced
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Exterior Features:Brick, Cement/Concrete, Metal/Vinyl, Stone
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Units In Building Total:20
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# of Units Total:20
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Stories Total:4
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Building Area Total:12182
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Building Area Units:Square Feet
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Calculated SqFt:12182
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Green Energy Efficient:Thermal Windows
Interior
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Furnished:Unfurnished
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Fireplace:false
Financial & Terms
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Possession:Closing, See Remarks, Tenant's Rights
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Buyer Financing:Cash
Location
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Latitude:47.664542
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Longitude:-122.312748
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Directions:From NE 50th Street, turn left onto University Wy NE -if you reach NE 47th St you have gone too far.
The Property
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Property Type:Residential Income
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Property Subtype:Multi-Family
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Property Condition:Fair
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Parcel Number:8816400350
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Lot Features:Alley, Curbs, Paved, Sidewalk
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Lot Size Units:Square Feet
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Lot Size Dimensions:40 x 103
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Lot Size Acres:0.0946
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Lot Size SqFt:4120
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Lot Size Source:King County Assessors Office
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Zoning Class:Multi-Family,Retail,See Remarks
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Zoning Jurisdiction:City
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View:Territorial
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View:true
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Waterfront:false
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Possible Use:Multi-Family, Retail, See Remarks
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Irrigation Water Rights:false
Listing Agent
- Contact info:
- Agent phone:
- (206) 524-1100
- Office phone:
- (206) 524-1100
Taxes
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Tax Year:2021
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Tax Annual Amount:42301
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Cooling:true
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Heating:true
Utilities
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Water Company:Seattle Combined Utilities
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Water Source:Public
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Sewer:Sewer Connected
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Sewer Company:Seattle Combined Utilities
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Power Company:Seattle City Light
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Water Sewer Garbage:10800
Schools
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Elementary School:Green Lake
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Middle Or Junior School:Hamilton Mid
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High School:Lincoln High
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High School District:Seattle
The Community
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Subdivision Name:University District
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Amenities:Coin Op Laundry,Fire Sprinklers,Thermal Windows
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Senior Community:false
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Association:false
Parking
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Parking Total:1
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Parking Uncovered Spaces:1
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Open Parking:true
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Open Parking Spaces:1
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Carport:false
Listing courtesy of NWMLS / Windermere Real Estate Co.. Bought with Best Choice Realty LLC.
Walk Score®
Provided by WalkScore® Inc.
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).
Max Internet Speed
Provided by BroadbandNow®
View a full reportThis is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/14/23
Feb 14, 2023
|
Sold | NWMLS | $3,500,000 | -12.2% |
|
1/13/23
Jan 13, 2023
|
Pending | NWMLS | $3,988,000 | |
|
11/1/22
Nov 1, 2022
|
Relisted | NWMLS | $3,988,000 | -11.4% |
