2800 NE 55th Street, Seattle, WA 98105

$2,218,000
3,864
SqFt

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Listing courtesy of Windermere Real Estate Co..

List Price
$2,218,000
Status
ACTIVE
MLS#
2535620
Days on Market
48
Style
56 - 10+ Units
Finished SqFt
3,864
Area Total SqFt
3864
Annual Tax Ammount
20338
Internet Provider
Xfinity
Lot Size (sq ft)
6,313
Sewer
Sewer Connected

Property Description

This well-maintained multifamily property in Seattle’s highly desirable Bryant neighborhood presents a rare opportunity to acquire 12 spacious, light-filled units, which have been thoughtfully renovated. The property's generous unit layouts and private residential feel contribute to strong tenant appeal and long-term occupancy in one of Northeast Seattle’s most sought-after submarkets. Ideally located just steps from the bus service and Light Rail and within minutes walk to University Village, Seattle Children’s Hospital, and the University of Washington. The property offers residents exceptional connectivity, convenience, and access to major employment and lifestyle amenities. Adding to its investment appeal, the property is zoned NC2P-55 (Neighborhood Commercial 2 with Pedestrian Overlay), allowing for mixed-use development with a 55-foot height limit. This zoning supports pedestrian-oriented commercial uses at the street level with residential units above, creating significant future redevelopment potential. Investors have the opportunity to benefit from strong in-place cash flow while positioning the asset for higher-density, transit-oriented development in a rapidly growing urban corridor.

Additional Information

List Date
2026-06-08 14:25:11
Community
Bryant
Net Operating Income
$102,104
Gross Adjusted Income
$174,643
Gross Scheduled Income
$174,643
Insurance Expenses
$19,200
Water/Sewer/Garbage Expenses
$32,001
Gross Rent Multiplier
14.31
Total Expenses
$71,539
Cap Rate
4.6
Vacancy Rate
8
Total Number of Units
12
Unit Name
2800
Potential Terms
Cash, Conventional
Year Built
1955
View
City, Lake, Mountains, Territorial
Roof
Composition
Energy Source
Electric
School District
Seattle
Elementary School
Bryant
Middle School
Eckstein Mid
High School
Roosevelt High
Gross Scheduled Income
$174,643
Vacancy Rate
8
Gross Adjusted Income
$174,643
Tax Year
2025
Insurance Expense
$19,200
W/S/G Expenses
$32,001
Total Expenses
$71,539
Net Operating Income
$102,104
Gross Rent Multiplier
14.31
Cap Rate
4.6
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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