- 0
- 1
- Overview
- Description
- Property Details
- Location
- Facts & Features
- Getting Around
- Nearby Homes
Listed by: Daniel Lim (206) 928-2311 , Candice Chevaillier (206) 773-2696 | Lee & Associates Commercial RE (206) 773-2696
$6,500,000
Monthly Est:$32,353
24 Beds
23 Baths
25,500sqft
4731 12th Avenue NE, Seattle, WA 98105
$6,500,000
$32,353/moEst:
Get Pre-Approved
Multi Family
Built in 1961
$-- HOA
7,500 sqft lot
$255/sq.ft
Description
The Laureate presents a rare opportunity to acquire a well-maintained 23-unit multifamily asset building in the heart of the Seattle’s University District neighborhood and walking distance to both the University of Washington and the Link Light Rail Station. Originally built in 1961, the property benefits from recent extensive capital improvements and interior renovations, positioning the asset as a compelling combination of stable in-place income and future revenue growth potential. Ownership has invested significantly in the systems over the past 5 years: including a membrane roof replacement, replacement of all individual hot water tanks, securing and gating the parking for 17 vehicles, as well as overhauling the sprinkler system. Featuring a unit mix of 20 sizable 650 SF, 1-bedroom units and one 800 SF, 2-bedroom unit, select units have been renovated with modern finishes including luxury vinyl plank flooring, updated kitchens, stainless steel appliances, including dishwashers and in-unit W/D installations. All units feature A/C, and 1st floor units include patio access. The existing renovations provide future ownership with a blueprint to continue remodeling unit interiors and capture additional rental upside. Additionally, there is potential to assume the current debt with term through 2031.
- Houzeo last checked: 12 hours ago
- Listing updated: September 22, 2026 at 6:34 am
- Source: Northwest Multiple Listing Service | MLS#: NWM2543808
Property Details
Status
Active
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
Year Built
1961
HOA Fees
-
Finished Area
25,500 sqft
Lot Size
7,500 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2543808
MLS Status
Active
Days on Market
102
Cumulative Days on Market
101
Continue Your Journey in App
Find your dream home, receive real-time updates, and many more!
Download App
Continue Your Journey in App
Find your dream home, receive real-time updates, and many more!
Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 24
Bathrooms: 23
Interior
Flooring
Vinyl Plank, Carpet
Exterior Features
Cement/concrete, Wood
Sewer
Sewer Connected
Heating
Baseboard
Cooling
Central Air
Construction
Year Built
Year Built: 1961
Home type
Multi Family
Roof
Torch Down
Property Condition
Very Good
Foundation Details
Poured Concrete
Construction Materials
Cement, Wood
Utilities & Energy
Water Source
Public
Other Features
Lot Features
Paved, Sidewalk
Subdivision Name
University District
Price History
| Date | Event | Price |
|---|---|---|
06/22/2026 Source: | Listed for Sale | $6,500,000 $255/sqft |
Nearby Homes
Find Homes by Property Features in Seattle, WA
Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 01, 2026, 02:47PM. 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.
IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
Advertising Broker: Christy Lee-Naumann (267) 341-8337 | Houzeo Brokerage LLC