NOT LISTED FOR SALE

4750 University Way NE Seattle, WA 98105

University District Neighborhood
-- Bed
-- Bath
12,182 Sq Ft
4,120 Sq Ft Lot

Last Sold February 14, 2023

Last sale price $3,500,000 $287 Per Sq Ft

394 Days on Market

Highlights

  • Territorial View
  • No HOA
  • Patio
  • Hamilton International Middle School Rated A
  • Thermal Windows
  • Partially Fenced Property

About This Home

As of February 2023

Unique investment/redevelopment opportunity in prime University District location revitalized by new light rail 2 blocks away. Striking 12000 SF mid-century mixed-use building on “the Ave” by architect Samuel Morrison comprises 18 vintage open 1BR apartments and 3500 SF boutique retail space, once home of Academy of Classical Ballet, run by Irene Larson of NY City Ballet, and of Jun Fan Gung Fu Institute, martial arts school of fighter, teacher and philosopher Bruce Lee. Recapitalize and renovate the property for cash flow in thriving sub-market with focused, high demand renter base or develop in accordance with N3P-65 (M1) zoning. Steps from new mixed-use Safeway valued at $90M & adjacent 24-story M Tower, both by LA-based Fields Holdings.

Last Agent to Sell the Property

Edward Krigsman

Windermere Real Estate Co. License #2270 Listed on: 12/15/2021

Windermere Real Estate Co.

Last Buyer's Agent

Zijun Wang

Best Choice Realty LLC License #120244

Best Choice Realty LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1872358

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $42,301

Year Built

  • Built in 1958

Lot Details

  • 4,120 Sq Ft Lot
  • Lot Dimensions are 40 x 103
  • Partially Fenced Property
  • Sprinkler System

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Bitumen Roof
  • Stone Siding
  • Vinyl Construction Material

Interior Spaces

  • 12,182 Sq Ft Home
  • 4-Story Property
  • Thermal Windows
  • Territorial Views

Parking

  • 1 Parking Space
  • Open Parking

Schools

  • Green Lake Elementary School
  • Hamilton Mid Middle School
  • Lincoln High School

Additional Features

  • Patio
  • Cable TV Available

Community Details

  • No Home Owners Association
  • University Heights Add Condos
  • University District Subdivision

Listing and Financial Details

  • Assessor Parcel Number 8816400350

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$42,301

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1958
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: University Heights Add
  • New Construction: No
  • CalculatedSquareFootage: 12182
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: 2.5%
  • Special Features: None
  • Cumulative Days on Market: 658

Interior Features

  • Possible Use: Multi-Family, Retail, See Remarks
  • Fireplace: No
  • Stories: 4
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Fire Sprinklers,Thermal Windows

Exterior Features

  • Roof: Flat, Torch Down
  • View: Territorial
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick, Cement/Concrete, Metal/Vinyl, Stone
  • Property Condition: Fair
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 1
  • Open Parking: Yes
  • Total Parking Spaces: 1
  • ParkingUncoveredSpaces: 1

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • PowerCompany: Seattle City Light
  • SewerCompany: Seattle Combined Utilities
  • WaterCompany: Seattle Combined Utilities
  • WaterSewerGarbage: 10800

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle
  • High School: Lincoln High
  • Middle Or Junior School: Hamilton Mid

Lot Info

  • Parcel Number: 8816400350
  • Lot Size Acres: 0.0946
  • Lot Size: 40 x 103
  • Lot Size Sq Ft: 4120
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Gas Available,Patio,Sprinkler System
  • MLSLotSizeSource: King County Assessors Office
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Retail,See Remarks

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10.7
  • LeasedItems: None
  • TotalMonthlyIncome: 34284

Multi Family

  • Gross Scheduled Income: 421241
  • Net Operating Income: 265988
  • Number Of Units Total: 20
  • Electric Expense: 3000
  • Insurance Expense: 10000
  • Leasable Area: 10850
  • EnergySource: Electric
  • UnitsInBuildingTotal: 20
  • UnitsBelowGrade: true
  • VacancyRate: 5

Tax Info

  • Year: 2021
  • Tax Annual Amount: 42301

MLS Schools

  • Elementary School: Green Lake

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
02/14/2023 02/14/23 Sold $3,500,000 -12.2% $287 / Sq Ft
01/13/2023 01/13/23 Pending -- -- --
11/01/2022 11/01/22 Price Changed $3,988,000 0.0% $327 / Sq Ft
11/01/2022 11/01/22 For Sale $3,988,000 -11.4% $327 / Sq Ft
10/03/2022 10/03/22 Pending -- -- --
06/29/2022 06/29/22 Price Changed $4,500,000 -9.6% $369 / Sq Ft
04/14/2022 04/14/22 Price Changed $4,980,000 -10.8% $409 / Sq Ft
03/10/2022 03/10/22 Price Changed $5,580,000 -11.1% $458 / Sq Ft
12/23/2021 12/23/21 Price Changed $6,280,000 +0.5% $516 / Sq Ft
12/15/2021 12/15/21 For Sale $6,250,000 -- $513 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Edward Krigsman

    Seller's Agent in 2023

    Edward Krigsman

    Windermere Corporate

    (206) 387-6789

    2 in this area

    132 Total Sales

    Edward Krigsman
    Section Image
  • Zijun Wang

    Buyer's Agent in 2023

    Zijun Wang

    Best Choice Realty Brokerage

    (206) 488-6878

    1 in this area

    211 Total Sales

    Zijun Wang
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1872358

Northwest Multiple Listing Service (NWMLS)

Washington King County Seattle 98105 University District

4750 University Way NE, Seattle, WA

This home is located at 4750 University Way NE, Seattle, WA 98105 since 15 December 2021. This property was built in 1958. 4750 University Way NE is a home located in King County with nearby schools including Green Lake Elementary School, Hamilton International Middle School, and Lincoln 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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