5733 25Th AveSeattle, WA 98105

For Sale
$1,399,000

7-Bedroom Student House, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
93
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.

Highlights

  • Seven-bedroom rooming house with ample space.
  • Ideally located near the University of Washington and U Village.
  • High walkability and bikeability score.

Property Details for 5733 25Th Ave

Property type
Multifamily properties, Dormitories
Square Feet
2,370 SF
Class
B
Year Built
1959
Buildings
1
Stories
3
Units
1

Location Insight

City
Seattle
County
King
State
Washington
Latitude
47.6708874
Longitude
-122.30062074
5733 25Th Ave, Seattle, Washington

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5733 25Th Ave
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