4731 12th Avenue, Seattle, WA 98105

Home » Properties » 4731 12th Avenue, Seattle, WA 98105

Listing Firm: Lee & Associates Commercial RE (206-773-2696). Listings with the three tree icon are courtesy of NWMLS.

4731 12th Avenue

Seattle, WA 98105

LISTING #2543808

REQUEST DETAILS SCHEDULE A SHOWING VIEW THE VIRTUAL TOUR

$6,500,000

STATUS Active

YEAR BUILT 1961

PROPERTY TYPE Residential Income

ABOUT THIS PROPERTY

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.

PROPERTY DETAILS

EXPAND ALL

Location Information

County King

Community Seattle

Latitude 47.664077

Longitude -122.315576

Directions From I5S take exit 169 toward NE 50th St/NE 45th. Follow signs for NE 50th St and merge onto 5th Ave NE. Left on NE 50th St. Right on 12th Ave NE. Property is on the right.

Subdivision Name University District

Interior Features

Has Fireplace No

Number of Fireplaces 0

Heating Baseboard

Cooling Central Air

Floors Vinyl Plank, Carpet

Exterior Features

Style 10+ Units

Is New Construction Yes

Exterior Cement/Concrete, Wood

Foundation Poured Concrete

Roof Torch Down

Water Source Public

Septic or Sewer Sewer Connected

Covered Spaces 17

Water Seattle Public Utilities

Electric Seattle City Light

Power Production Type Electric

Parking Spaces 17

Site Features High Speed Internet, Patio, Sprinkler System

Lot Features Paved, Sidewalk

Lot Size in Acres 0.1722

Lot Size in Sq. Ft. 7,500

Building Total Area 25500 Square Feet

Has Waterfront No

Has View No

School

High School District Seattle

Additional Information

Possession Closing

Property Type Residential Income

Property Subtype Multi Family

Structure Type Multi Family

Year Built 1961

Status Active

Tax Year 2026

Tax Amount $47,556

Lot Acres Source King County

Disclaimer: The information contained in this listing has not been verified and should be verified by the buyer. All information deemed reliable but not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change, or withdrawal. Neither broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, or misprints and shall be held totally harmless. The information on this website is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Listings with the three tree icon are courtesy of NWMLS. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and include the name of the listing broker(s). Based on information submitted to the MLS GRID as of 2026 (September 2, 2026 11:43 PM PT MLS GRID Data was obtained). 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. Copyright © 2026 Northwest MLS. All rights reserved.