Listed by Lee & Associates Commercial RE
$2,250,000

5101 Ravenna Ave NE Seattle, WA 98105

University District Neighborhood

Estimated payment $13,270/month

Total Views 68,484
12 Beds
7 Baths
4,800 Sq Ft
$469 Price per Sq Ft

Highlights

  • City View
  • Softwood Flooring
  • Baseboard Heating
  • Laurelhurst Elementary School Rated A-
  • No HOA

About This Home

Ravenna Terrace, a 7-unit building ideally situated near work, school & play, Ravenna Terrace features an attractive mix of 6 2-bed & 1 1-bed units. These mid-century floorplans average in size of 686sf & have received updates to cabinetry, counters & appliances on turns. Ownership has replaced all the windows with double pane units & the roof has received a recoat in last 2 yrs. With nearby economic drivers including Seattle Children's, U-Village and UW Hospital as well as UW. Investors will benefit from a diverse tenant pool. A well cared for asset, Ravenna Terrace presents an attractive opportunity to realize upside from current below market rents as well as additional lift through unit upgrades.

Listing Agent

Daniel Lim

Lee & Associates Commercial RE License #131121 Listed on: 08/02/2025

Co-Listing Agent

Candice Chevaillier, CCIM

Lee & Associates Commercial RE License #18886

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2416232

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,389

Year Built

  • Built in 1956

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 4,800 Sq Ft Home
  • 2-Story Property
  • City Views

Flooring

  • Softwood
  • Laminate
  • Vinyl Plank

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 7 Bathrooms

Additional Features

  • 500 Sq Ft Lot
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Ravenna Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7174800635

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,389

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1956
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 4800
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Buyer brk to be present at all showings
  • Special Features: None

Interior Features

  • Total Bedrooms: 12
  • Fireplace: No
  • Flooring: Hardwood, Laminate, Softwood, Vinyl Plank
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Flat
  • View: City
  • Lot Features: Sidewalk
  • View: Yes
  • Waterfront: No
  • Construction Type: Brick
  • Exterior Features: Brick
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • WaterSewerGarbage: 9982

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 7174800635
  • Lot Size Acres: 0.0115
  • Lot Size Sq Ft: 500
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: County
  • MLSSquareFootageSource: County
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 16.22
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 11562

Multi Family

  • Gross Scheduled Income: 138744
  • Net Operating Income: 95395
  • Number Of Units Total: 7
  • Insurance Expense: 3840
  • Leasable Area: 4800
  • EnergySource: Electric
  • UnitsInBuildingTotal: 7
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2025
  • Tax Annual Amount: 15389

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
08/02/2025 08/02/25 For Sale $2,250,000 -- $469 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2416232

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

5101 Ravenna Ave NE, Seattle, WA

This home is located at 5101 Ravenna Ave NE, Seattle, WA 98105 and is currently priced at $2,250,000, approximately $468 per square foot. This property was built in 1956. 5101 Ravenna 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

Nearby Homes
Daniel Lim
Listing Agent
Daniel Lim
Section Image
Lee & Associates Commercial RE
(206) 460-1656