5733 25Th AveSeattle, WA 98105

Property Details for 5733 25Th Ave

Year built

1959

Property size (Sq ft)

2,370 SF

Property type

Hospitality properties

Property subtype

Multifamily properties

Description

Exceptional investment opportunity: a stabilized, 7-bedroom student housing property in Seattle, WA, near the University of Washington and U Village. This 3-story, 2,370 square foot house, built in 1959, sits on a 4,465 square foot lot and is currently 100% occupied, generating a $60,930 NOI with a 4.36% cap rate. The asking price is $1,399,000. The property features a spacious layout with generously sized bedrooms and bathrooms on each floor. A dedicated lower level, complete with a separate entrance, 3 bedrooms, a full kitchen, and laundry facilities, enhances both convenience and rental potential. Its prime location offers excellent walkability and bikeability scores, with proximity to Ravenna Park. The current lease agreement runs from September 1st, 2024, at a monthly rent of $6,295. Owner responsibilities are limited to taxes and insurance. The property is zoned NR-3. This is a rare opportunity to acquire a high-performing asset in a sought-after student housing market. The combination of strong cash flow and potential for appreciation makes this an ideal investment for long-term growth.

Location Insight

City

Seattle

County

King

State

Washington

Latitude

47.6709

Longitude

-122.301

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