Listed by Best Choice Realty LLC
$6,520,000

Estimated payment $38,602/month

Total Views 80,645
0.3 Acre
$21,915,966 Price per Acre
12,959 Sq Ft Lot

About This Lot

Scarcity determines value! An exceptionally rare chance to acquire prime property & a fully designed top-level apartment project at U District, adjacent to UW. The Rhythm Apartments project, with 3 neighboring parcels, has secured the MUP and is finalizing building permit. This meticulously planned project features a 7-story building with highly valuable commercial space on the 1st floor and 127 units from 2nd-7th floors, totaling 45,926 sqft & average unit size of 362 sqft. The project promises optimal investment returns in a short time, making it a dream opportunity. The design also includes underground parking space. Just a block from the UW central campus, proximity to shopping, entertainment, and restaurants in the bustling U District.

Listing Agent

Sherry Zuo

Best Choice Realty LLC License #105817 Listed on: 09/10/2025

Best Choice Realty LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2432321

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $46,368

Lot Details

  • 0.3 Acre Lot
  • Zoning described as Commercial,Multi-Family,See Remarks

Schools

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

Community Details

  • No Home Owners Association
  • University District Subdivision

Listing and Financial Details

  • Assessor Parcel Number 8823902160

Property Details

Property Type

Land

Est. Annual Taxes

$46,368

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • StyleCode: 42 - Multi-Family
  • MLS Status: Active
  • Prev Status: Active
  • CalculatedSquareFootage: 0
  • SeniorExemption: false
  • Special Features: None

Interior Features

  • Possible Use: Commercial, Multi-Family, See Remarks
  • Fireplace: No
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Road Surface Type: Paved
  • View: No
  • Waterfront: No
  • Structure Type: Multi Family
  • RoadInformation: Paved

Garage/Parking

  • Carport Y N: No

Utilities

  • Sewer: Available
  • Water Source: Available
  • Cooling Y N: No
  • Heating Yn: No
  • Electricity On Property: No
  • Utilities: Electricity Available, Natural Gas Available
  • ElectricityStatus: Available
  • GasStatus: Available

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: 8823902160
  • Lot Size Acres: 0.2975
  • Lot Size Sq Ft: 12960
  • Zoning Description: Commercial,Multi-Family,See Remarks
  • Zoning: NC2(M)
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: MLS
  • ZoningJurisdiction: City

Tax Info

  • Year: 2023
  • Tax Annual Amount: 46368

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

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $16,363 $1,713,000 $1,712,000 $1,000
2023 $15,683 $1,670,200 $1,669,200 $1,000
2022 $14,870 $1,627,400 $1,626,400 $1,000
2021 $15,620 $1,627,400 $1,626,400 $1,000
2020 $14,400 $1,627,400 $1,626,400 $1,000
2018 $9,741 $1,167,400 $1,166,400 $1,000
2017 $9,006 $978,800 $864,000 $114,800
2016 $8,426 $936,200 $842,400 $93,800
2015 $7,300 $854,800 $799,200 $55,600
2014 -- $756,200 $583,200 $173,000
2013 -- $756,200 $475,200 $281,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2025 09/10/25 For Sale $6,520,000 +295.2% --
09/30/2016 09/30/16 Sold $1,650,000 0.0% --
09/30/2016 09/30/16 For Sale $1,650,000 -- --
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Deed -- None Available
Warranty Deed $1,650,000 Ticor National
Warranty Deed $733,400 Pacific Nw Tit
Quit Claim Deed -- --
Warranty Deed $190,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $459,000 No Value Available
Previous Owner $500,000 Fannie Mae Freddie Mac
Previous Owner $100,000 No Value Available
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2432321

Northwest Multiple Listing Service (NWMLS)

APN: 882390-2170