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About the Listing 128 - 38720
Ideally located just a few blocks north of the University of Washington campus, this 5-unit multifamily apartment community is within walking distance of The Ave's retail and dining corridor and benefits from the neighborhood's excellent transit connectivity. The property features a desirable unit mix of two one-bedroom and three two-bedroom units, averaging approximately 763 square feet. The building has a pitched composition roof. Two units have been recently renovated, and capital improvements include an updated electrical system with Square D panels, new sewer lines and dual-pane windows throughout, reducing near-term capex exposure for a new owner. The three remaining classic units offer rent upside upon turnover, giving investors a phased value-add path rather than requiring day-one repositioning. Five off-alley parking spaces, a meaningful advantage in this parking-constrained submarket, plus on-site laundry and storage round out the offering, supporting both tenant retention and ancillary income potential. Offered at $265,000 per unit and below $350 per square foot, the property presents an attractive basis and offers long-term stability close to the city's largest institutions.
Listing Highlights
Interior Details
- Bedrooms: 8
- Bathrooms: 5 Full
- Appliances:
- Air Cond:
- Heating: Baseboard,Forced Air
- Fireplaces: 0
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Alley,Curbs,Paved,Sidewalk,Fenced-Partially,Zoning: Multi-Family
- Garage Capacity: N/A
- Parking Spaces: 5
- Zoning: Multi-Family
- Roof: Composition
- Others: Wood
- Sewer: Sewer Connected
Financial Details
- Tax Amount: $13,209
- Taxes w/Assessments: N/A
- Tax/Property ID: 8823900980
- Tax Year: 2026
Payment Calculator
Monthly Payment
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Questions About..
5030 15th Avenue Ne 1-5 Seattle, WA 98105
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