For Sale
$7,950,000
4049 9Th Ave Seattle, WA 98105
Seattle land play: 132 unit potential
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- Significant land upside with an existing 18-unit apartment building and 10,000 SF parking lot on MR(M1) zoned land; redevelopment potential for studio, one-, and two-bedroom units (350-850 SF) commanding top market rents.
- Excellent location: 1.1 miles from University of Washington, nine-minute walk to U-District light rail, eight-minute bike ride to Husky Stadium.
- Highly desirable University District location; average home value near $1 million, projected 2.2% population growth over five years.
- Strong submarket performance: Average monthly rent $2,232 in Q2 2024, up 2.1% year-over-year and 13.7% over five years.
- Convenient access to I-5 and Hwy 520, providing easy commutes to major employers including Amazon, Google, and UW Medical Center.
- Proximity to a major employment center: Over 50,000 UW students, 31,000+ faculty/staff; UW generates $15.7 billion in annual economic impact.
Property Details for 4049 9Th Ave
- Property type
- Land
- Stories
- 3
- Units
- 18
Location Insight
- City
- Seattle
- County
- King
- State
- Washington
- Latitude
- 47.6569198
- Longitude
- -122.3191051
Nearby Similar for Sale
FAQs
- What type of property is this?
- Land - Seattle land play: 132 unit potential
- Where is the land located?
- The property is located at 4049 9Th Ave Seattle, WA.
- What is the asking price?
- The asking price for this property is $7,950,000.
- What are key features of this property?
- This property features: Significant land upside with an existing 18-unit apartment building and 10,000 SF parking lot on MR(M1) zoned land; redevelopment potential for studio, one-, and two-bedroom units (350-850 SF) commanding top market rents.; Excellent location: 1.1 miles from University of Washington, nine-minute walk to U-District light rail, eight-minute bike ride to Husky Stadium.; Highly desirable University District location; average home value near $1 million, projected 2.2% population growth over five years.
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