5003 15th Avenue NE Seattle, WA $ 5,500,000
5003 15th Avenue NE
$ 5,500,000
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5003 15th Avenue NE

Seattle, WA, 98105
$ 5,500,000
Baths0.0 Sq 16,848

Monthly Estimate*

$ 38,419

Listed by Lee & Associates Commercial RE
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View a Virtual Tour
Studio

Multi-Family Home for sale in Seattle, WA

for $5,500,000. This 16,848 square foot home was built in 1926 on a lot size of 0.1887.

The Davison is timeless, well-maintained pride of ownership building in the heart of the Seattle’s University District neighborhood and walking distance to the University of Washington. It features spacious units averaging 670 sf per unit with a unit mix of 10 studios and 13 1-bedrooms (buyer to verify). Units feature elegant crown molding, oak hardwood floors and vintage penny tile. Most units feature newer kitchen cabinets and granite countertops as well as vanities. The building also features six secure garage spaces with access off the alley. Sitting on an 8,220 sf LR3 zoned corner lot, the Davison is a handsome opportunity to realize significant rental upside in one of Seattle’s most sought-after and well supported rental markets

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Multi-Family Active

Price

$ 5,500,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 52,906

Style

10+ Units

Lot Size

0.1887

Year Built

1926

Town/City

Seattle

County/Region

King

MLS | Web ID

2198631

Features
General
Interior Features Ceramic Tile Hardwood Laminate
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing
Roof Flat
Exterior Features Brick
HOA 0
Year Built 1926
Property SubType Multi-Family
Tax Year 2023
County King
Net Operating Income 235085
Insurance Expense 8962
New Construction N
Property Type Residential Income
HOA / Comm Assn N
Energy Efficient Thermal Windows
Subdivision Name University District
Special Listing Conditions None
Status Active
Directions Heading East on 50th St building on the left on the corner of 15th Ave NE
City Seattle
Buyer Agent Compensation 1.5
View Y/N N
Senior Community Y/N N
High School District Seattle
Open Parking Spaces 0
Total Units 23
MLS Area 710 - North Seattle
Lot Size Square Feet 8220
Waterfront Y/N N
Carport Spaces 0
Carport Y/N N
Street Name 15th
Listing Terms Cash Out Conventional
Tax Annual Amount 52906
Electric Expense 0
Fuel Expense 0
Public Remarks The Davison is timeless well-maintained pride of ownership building in the heart of the Seattle’s University District neighborhood and walking distance to the University of Washington. It features sp
Leasable Area 15400
Virtual Tour http://www.lee-associates.com/northwest/properties/?propertyId=1145469-sale&address=5003-15th-Ave-NE&officeId=2085
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Amenities Basement Coin Op Laundry Storage Thermal Windows
Units Below Grade true
Units In Building Total 23
Water Sewer Garbage 30068
Property Style 56 - 10+ Units
Cap Rate 4.27
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Interior
Flooring Ceramic Tile Hardwood Laminate
Total Stories 3
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Living Area Units Square Feet
Power Production Type Electric Natural Gas
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Exterior
Lot Features Corner Lot Secluded Sidewalk
Total Parking 5
Building Area Total 16848
Lot Size Acres 0.1887
Lot Size Units Square Feet
Covered Spaces 5
Open Parking Y/N N
Irrigation Water Rights Y/N N
Parking Uncovered Spaces 0
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Internal Only
OriginalMLSID NWM2198631
Street Number 1 5003
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* Excluded Features
List By
Daniel Lim

Listing Agent

Lee & Associates Commercial Re

Broker

Affordability Calculator

$42,828
Per Month
90%
10%
0%
Monthly Principal & Interest
$38,419
Monthly Property Taxes
$4,409
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
257829 Elementary School
258279 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/10/2024$5,500,000 Listed Price

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5003 15th Avenue NE, Seattle, WA, 98105 is a Multi-Family Home for sale at $5,500,000 with 16,848 sqft and a lot size of 0.1887. 5003 15th Avenue NE is a studio with 0.0 baths and was built in 1926. The property's zip code is 98105 which is in Seattle, WA