2110 NE 85th Street, Seattle, WA 98115

$1,299,000
2,900
SqFt

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Listing courtesy of Bentley Properties.

List Price
$1,299,000
Status
ACTIVE
MLS#
2506572
Price Change
▼ $31,000 1781915389
Days on Market
82
Style
54 - 4-Plex
Building Condition
Updated/Remodeled
Finished SqFt
2,900
Area Total SqFt
2900
Annual Tax Ammount
8052
Lot Size (sq ft)
4,640
Sewer
Sewer Connected

Property Description

Turnkey four-unit investment opportunity in Seattle’s sought-after Ravenna neighborhood, offering strong in-place income, tenant appeal, and future redevelopment upside. This rare “Rambler style” features four corner units with identical floor plans in a single-level building, creating efficient management, broad rental appeal, and long-term flexibility. Located on a quiet residential street with easy access to the University of Washington, downtown Seattle, Ballard, and I-5, this property sits in one of North Seattle’s most desirable rental corridors. Three units feature brand-new kitchens and bathrooms, while restored original wood floors and added LVP flooring enhance durability and appeal. Each unit includes a private garden entry, with shared laundry and 4+ parking spaces, adding convenience for tenants. Set on a 4,460 SF lot with L3(M) zoning and upzoned potential for additional units, this asset offers both immediate income and future upside. Preferred lender financing on the investment, not your W-2's - 25% down 5/6 ARM interest only giving you $757/mo positive cashflow - naturally subject to change based on rates.

Additional Information

List Date
2026-05-05 19:58:12
Community
Ravenna
Net Operating Income
$69,999
Gross Adjusted Income
$88,740
Gross Scheduled Income
$88,740
Total Monthly Income
$7,395
Insurance Expenses
$2,889
Water/Sewer/Garbage Expenses
$1,800
Gross Rent Multiplier
14.99
Total Expenses
$18,741
Cap Rate
5
Total Number of Units
4
Unit Name
2110
Potential Terms
Cash, Conventional, See Remarks
Year Built
1926
Roof
Torch Down
Site Features
Cable TV, High Speed Internet
Other Expenses
6000
Energy Source
Electric, Natural Gas
School District
Seattle
Total Monthly Income
$7,395
Gross Scheduled Income
$88,740
Gross Adjusted Income
$88,740
Tax Year
2025
Insurance Expense
$2,889
W/S/G Expenses
$1,800
Total Expenses
$18,741
Net Operating Income
$69,999
Gross Rent Multiplier
14.99
Cap Rate
5
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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