5604 17th Avenue NE, Seattle, WA 98105

$1,750,000
3,900
SqFt

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Listing courtesy of Westlake Associates, Inc..

List Price
$1,750,000
Status
ACTIVE
MLS#
2537397
Days on Market
47
Style
52 - Duplex
Finished SqFt
3,900
Area Total SqFt
3900
Annual Tax Ammount
13781
Lot Size (sq ft)
5,400
Sewer
Sewer Connected

Property Description

11BD/5BA Rooming House. This unique property consists of a 1910 construction 3,900 sq ft building with a mix of apartment units and rooms with shared spaces, well suited to the University/Ravenna rental market. Ravenna House is ideally positioned to meet the high demand for student housing with its proximity to the University of Washington campus, University Village, and convenient access to Sound Transit link light rail and bus lines for quick commutes to downtown Seattle. Legally a duplex, the building comprises of 11 bedrooms and 5 bathrooms. This property offers an excellent investor opportunity to acquire a property that is primed for future appreciation in one of the city’s best rental markets and has additional value potential through renovation.

Additional Information

List Date
2026-06-09 20:58:11
Community
University District
Net Operating Income
$112,398
Gross Adjusted Income
$141,816
Gross Scheduled Income
$149,280
Total Monthly Income
$12,440
Insurance Expenses
$2,083
Water/Sewer/Garbage Expenses
$9,354
Gross Rent Multiplier
11.72
Total Expenses
$29,418
Cap Rate
6.42
Vacancy Rate
5
Total Number of Units
1
Unit Name
5604
Potential Terms
Cash, Conventional
Year Built
1910
View
Territorial
Roof
Composition
Site Features
Deck, Fenced-Partially
Other Expenses
4200
Energy Source
Electric
School District
Seattle
Total Monthly Income
$12,440
Gross Scheduled Income
$149,280
Vacancy Rate
5
Gross Adjusted Income
$141,816
Tax Year
2026
Insurance Expense
$2,083
W/S/G Expenses
$9,354
Total Expenses
$29,418
Net Operating Income
$112,398
Gross Rent Multiplier
11.72
Cap Rate
6.42
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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