Provided by NWMLS, Listed by Lee & Associates Commercial RE

Active

5101 Ravenna Avenue NE

Seattle WA, 98105

$2,250,000


$468.75 per sqft

Active

4,800 sqft

Multi-family

Built in 1956

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.

2300893

MLS ID

October 10, 2024

Listed

October 11, 2024

Updated

Map

5101 Ravenna Avenue NE
Seattle WA, 98105

Interior Features

Total Stories

2


Interior Features

Fir/Softwood, Hardwood, Laminate


Floor Description

Softwood, Hardwood, Laminate, Vinyl Plank


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Baseboard

Exterior/Building Features

Lot Size

0.01 Acres


Exterior Features

Brick


Lot Features

Sidewalk


Roof

Flat


Sewer

Sewer Connected

School Information

School District

Seattle

Other Property Details

Area Name

710 - North Seattle


Taxes

$15,982


Tax Frequency

Annually


Garage

No


Parking Total

0


View

Yes


View Description

City


County

King


Water Source

Community


Pool

No

The IDX display presents information sourced from the Northwest Multiple Listing Service as of 10/18/2024. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified. Based on information submitted to the MLS GRID as of 10/18/2024 at 7:00 AM UTC . 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.

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Data last updated on 10/18/2024 at 7:00 AM UTC 

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