5235 19th Avenue NE, Seattle, WA 98105

$1,600,000
3,384
SqFt

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Listing courtesy of Keller Williams Realty Bothell.

List Price
$1,600,000
Status
ACTIVE
MLS#
2504078
Days on Market
110
Style
56 - 10+ Units
Building Condition
Good
Finished SqFt
3,384
Area Total SqFt
3384
Annual Tax Ammount
13360
Lot Size (sq ft)
4,320
Sewer
Sewer Connected

Property Description

Large U-District investment property located approximately four blocks from the UW campus and just minutes to Greek Row. This 10-bedroom, 3.5-bath home offers 3,380 SF and has been a consistent student housing investment with continuous leasing history since 2012. Currently leased and pre-leased for the 2026–2027 school year at $10,300 per month, with tenants paying all utilities. Updated kitchen with granite countertops and marble backsplash, updated bathrooms, and updated electrical and plumbing systems. Originally built in 1924 with an effective year built of 1995. Detached single-car garage off the alley. Professionally managed, with potential for management continuity if desired. Strong in-place income, proven rental demand, and an exceptional location make this a compelling UW-area investment opportunity.

Additional Information

List Date
2026-04-07 15:25:12
Community
University District
Net Operating Income
$102,160
Gross Adjusted Income
$123,600
Gross Scheduled Income
$123,600
Total Monthly Income
$10,300
Insurance Expenses
$2,100
Gross Rent Multiplier
12
Total Expenses
$21,440
Cap Rate
6.39
Total Number of Units
1
Unit Name
5235
Potential Terms
Cash, Conventional
Year Built
1924
Roof
Composition
Site Features
Deck
Other Expenses
5980
Energy Source
Electric, Natural Gas
School District
Seattle
Total Monthly Income
$10,300
Gross Scheduled Income
$123,600
Gross Adjusted Income
$123,600
Tax Year
2026
Insurance Expense
$2,100
Total Expenses
$21,440
Net Operating Income
$102,160
Gross Rent Multiplier
12
Cap Rate
6.39
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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