5101 Ravenna Avenue NE Seattle, WA $ 2,250,000
5101 Ravenna Avenue NE
$ 2,250,000
Share Save

5101 Ravenna Avenue NE

Seattle, WA, 98105
$ 2,250,000
Baths0.0 Sq 4,800

Monthly Estimate*

$ 13,475

Listed by Lee & Associates Commercial RE
5101 Ravenna Avenue NE, Seattle, WA 98105 - Image 1
5101 Ravenna Avenue NE, Seattle, WA 98105 - Image 2
5101 Ravenna Avenue NE, Seattle, WA 98105 - Image 3
5101 Ravenna Avenue NE, Seattle, WA 98105 - Image 4
5101 Ravenna Avenue NE, Seattle, WA 98105 - Image 5
5101 Ravenna Avenue NE, Seattle, WA 98105 - Image 6
5101 Ravenna Avenue NE, Seattle, WA 98105 - Image 7
5101 Ravenna Avenue NE, Seattle, WA 98105 - Image 8
5101 Ravenna Avenue NE, Seattle, WA 98105 - Image 9
5101 Ravenna Avenue NE, Seattle, WA 98105 - Image 10
5101 Ravenna Avenue NE, Seattle, WA 98105 - Image 11
5101 Ravenna Avenue NE, Seattle, WA 98105 - Image 12
View a Virtual Tour
Studio

Multi-Family Home for sale in Seattle, WA

for $2,250,000. This 4,800 square foot home was built in 1956 on a lot size of 0.0115.

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.

See more

Multi-Family Active

Price

$ 2,250,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 15,982

Style

5-9 Units

Lot Size

0.0115

Year Built

1956

Town/City

Seattle

County/Region

King

MLS | Web ID

2270760

Features
General
Interior Features Fir/Softwood Hardwood Laminate
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing
Roof Flat
Exterior Features Brick
HOA 0
Year Built 1956
View City
Property SubType Multi-Family
Tax Year 2024
County King
Net Operating Income 91280
Insurance Expense 3600
New Construction N
Property Type Residential Income
Home Owner Assoc N
Subdivision Name Ravenna
Special Listing Conditions None
Status Active
Directions Head north on Ravenna Ave NE property on right at corner of 51st St
City Seattle
View Y/N Y
Senior Community Y/N N
High School District Seattle
Open Parking Spaces 0
NumberOfUnitsTotal 7
MLS Area 710 - North Seattle
Lot Size Units Square Feet
Lot Size Square Feet 500
Waterfront Y/N N
Carport Spaces 0
Carport Y/N N
Terms Cash Out Conventional
Tax Annual Amount 15982
Electric Expense 0
Fuel Expense 0
Public Remarks 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
Leasable Area 4800
Virtual Tour http://www.lee-associates.com/northwest/properties/?propertyId=1392517-sale&address=5101-Ravenna-Ave-NE&officeId=2085
Structure Type Multi Family
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Amenities Coin Op Laundry
Units Below Grade false
Units In Building Total 7
Water Sewer Garbage 9982
Property Style 55 - 5-9 Units
Cap Rate 4.06
See more
Interior
Flooring Softwood Hardwood Laminate Vinyl Plank
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Bedrooms Possible 0
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
See more
Exterior
Lot Features Sidewalk
Water Source Community
Total Parking 0
Foundation Details Poured Concrete
Building Area Total 4800
Lot Size Acres 0.0115
Covered Spaces 0
Open Parking Y/N N
Irrigation Water Rights Y/N N
Parking Uncovered Spaces 0
See more
Internal Only
OriginalMLSID NWM2270760
Street Number 1 5101
See more
* Excluded Features
List By
Daniel Lim

Listing Agent

Lee & Associates Commercial Re

Broker

Affordability Calculator

$14,807
Per Month
91%
9%
0%
Monthly Principal & Interest
$13,475
Monthly Property Taxes
$1,332
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% 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.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
257829 Elementary School
258279 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/29/2024$2,250,000 Listed Price

Map


See all

5101 Ravenna Avenue NE, Seattle, WA, 98105 is a Multi-Family Home for sale at $2,250,000 with 4,800 sqft and a lot size of 0.0115. 5101 Ravenna Avenue NE is a studio with 0.0 baths and was built in 1956. The property's zip code is 98105 which is in Seattle, WA