5607 12th Avenue NE

Rare opportunity to acquire a high-performing University of Washington student housing asset. This 2007-built property offers 8 bedrooms and 4 bathrooms across approximately 3,234 square feet and is configured for strong group housing demand in the U-District. The property is currently leased for the 2026–2027 academic year at $8,100 per month ($97,200 annually) under a joint & several lease structure, providing immediate income visibility for the upcoming school year. Unlike much of the surrounding U-District housing stock built in the early 1900s, this residence benefits from newer construction with modern systems, radiant hydronic heating, updated interior paint, and new LVP flooring completed in 2026. Tenants historically pay utilities, keeping operating expenses simple. The property features a large kitchen with island, stainless appliances, dual laundry areas, rear deck, covered front porch, and off-street alley access parking. The property operates on an academic-year leasing cycle aligned with the University of Washington calendar. After the current lease term ends in August 2027, a buyer may continue operating the property as student housing or explore owner-occupancy while leasing additional rooms.