Listed by John L. Scott, Inc
$3,650,000

4704 22nd Ave NE Seattle, WA 98105

University District Neighborhood

Estimated payment $22,238/month

Total Views 3,874
10 Beds
15 Baths
6,775 Sq Ft
$539 Price per Sq Ft

Highlights

  • No HOA
  • Laurelhurst Elementary School Rated A-
  • Baseboard Heating

About This Home

Discover The Penrith – a well-maintained 15-unit investment opportunity in the heart of Seattle’s vibrant University District. Close to University of Washington, this prime location offers unmatched access to University Village’s 120+ shops and restaurants, the lively dining and nightlife. Excellent transit options with the U District Light Rail Station. Each unit features an efficient layout with durable luxury vinyl plank flooring, classic white appliances, Formica countertops, matching bathroom vanities, and newly updated bathtub and tile surrounds. On-site laundry and 14 off-street parking spaces add to tenant convenience. This is an ideal opportunity for investors looking to grow in a dynamic, high-demand rental market.

Listing Agent

Jon Bye

John L. Scott, Inc License #25593 Listed on: 07/29/2025

John L. Scott, Inc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2406389

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $33,496

Year Built

  • Built in 1956

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 6,775 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 15 Bathrooms

Parking

  • 14 Parking Spaces
  • Open Parking

Schools

  • Laurelhurst Elementary School
  • Eckstein Mid Middle School
  • Roosevelt High School

Additional Features

  • 7,384 Sq Ft Lot
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • University District Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0925049388

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$33,496

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1956
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 6775
  • Special Features: None

Interior Features

  • Total Bedrooms: 10
  • Fireplace: No
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Flat
  • View: No
  • Waterfront: No
  • Construction Type: Brick
  • Exterior Features: Brick
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 14
  • Open Parking: Yes
  • Total Parking Spaces: 14
  • ParkingUncoveredSpaces: 14

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • WaterSewerGarbage: 16940

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle
  • High School: Roosevelt High
  • Middle Or Junior School: Eckstein Mid

Lot Info

  • Parcel Number: 0925049388
  • Lot Size Acres: 0.1695
  • Lot Size Sq Ft: 7384
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: Title
  • MLSSquareFootageSource: Title

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 18.02
  • LeasedItems: None
  • TotalMonthlyIncome: 22415

Multi Family

  • Gross Scheduled Income: 275025
  • Net Operating Income: 202589
  • Number Of Units Total: 15
  • Insurance Expense: 9000
  • Leasable Area: 6775
  • EnergySource: Electric
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2025
  • Tax Annual Amount: 33496

MLS Schools

  • Elementary School: Laurelhurst

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2025 07/29/25 For Sale $3,650,000 -- $539 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2406389

Northwest Multiple Listing Service (NWMLS)
Washington King County Seattle 98105 University District

4704 22nd Ave NE, Seattle, WA

This home is located at 4704 22nd Ave NE, Seattle, WA 98105 and is currently priced at $3,650,000, approximately $538 per square foot. This property was built in 1956. 4704 22nd Ave NE is a home located in King County with nearby schools including Laurelhurst Elementary School, Eckstein Middle School, and Roosevelt High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) 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. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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Jon Bye
Listing Agent
Jon Bye
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John L. Scott, Inc
(206) 309-6730