Specialty Real Estate
4737 18th Avenue Northeast Seattle, WA 98105
Details & Description
Price: $6,500,000
    We are offering an inviting opportunity to own an asset in one of Seattle’s most significant neighborhoods. In the Center of Everything. The Zeta House includes two meticulously maintained 12,000 square foot buildings on just over 12,000 square feet of land. The buildings were formerly a sorority that accommodated over 90 students. Purchase this Offering if you are seeking Pride of Ownership, Prestigious Architectural Design, along with Highly Efficient Dwelling Units, and a prime location to live.University Park is a neighborhood of about six square blocks adjacent to the North Main Gate of the University of Washington Campus. Plotted in 1908 this historical tree-lined neighborhood houses thousands of University students in a sorority, fraternity, religious organization, and institutional housing, alongside apartments and rooming houses. 1908 development standards required, like the University Campus, Neo-Gothic architecture: creating a wonderland of classical architecture. University Park is within walking distance to world-class shopping at the University Village with over 100 stores and eateries.The University District has grown to nearly 30,000 residents. Recent development in the neighborhood has been plenty. Numerous apartment buildings and Micro Housing has been completed or is under construction. 25 story buildings are now just a few blocks away.This offering includes two buildings with a connected breezeway totaling 22,436 square feet of living space at $289.00 per square foot, well below the market average (of $340.00 PSF). Six million five hundred thousand dollar purchase price. At a minimum of 39 units, the price of $166,666 per unit is 30% less than the average per micro-unit costs. This is an economically sound residential purchase or value add investment.
    Additional Photos
    Listing Agents
    Kurt Sorensen

    O: 206-332-1490
    M: 206-817-5700
    ksorensen@nai-psp.com
    Andrew Graff

    O: 206-332-1486
    M: 425-218-3636
    agraff@nai-psp.com
    Kyle Graff

    O: 206-332-1494
    M: 425-290-2247
    kgraff@nai-psp.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    4737 18th Avenue Northeast

    Seattle, WA 98105

    Listing ID: 245828
    • 4737 18th Avenue Northeast Seattle, WA 98105 | for Sale | Photo 1
    • 4737 18th Avenue Northeast Seattle, WA 98105 | for Sale | Photo 2
    • 4737 18th Avenue Northeast Seattle, WA 98105 | for Sale | Photo 3
    • 4737 18th Avenue Northeast Seattle, WA 98105 | for Sale | Photo 4
    • 4737 18th Avenue Northeast Seattle, WA 98105 | for Sale | Photo 5
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    Building Size: 22,436 SF
    Lot Size: --
    Land Size: --
    Building $/SF: $289.71
    Land $/SF: $289.71
    Price
    $6,500,000
    Description

    We are offering an inviting opportunity to own an asset in one of Seattle’s most significant neighborhoods. In the Center of Everything. The Zeta House includes two meticulously maintained 12,000 square foot buildings on just over 12,000 square feet of land. The buildings were formerly a sorority that accommodated over 90 students. Purchase this Offering if you are seeking Pride of Ownership, Prestigious Architectural Design, along with Highly Efficient Dwelling Units, and a prime location to live.

    University Park is a neighborhood of about six square blocks adjacent to the North Main Gate of the University of Washington Campus. Plotted in 1908 this historical tree-lined neighborhood houses thousands of University students in a sorority, fraternity, religious organization, and institutional housing, alongside apartments and rooming houses. 1908 development standards required, like the University Campus, Neo-Gothic architecture: creating a wonderland of classical architecture. University Park is within walking distance to world-class shopping at the University Village with over 100 stores and eateries.

    The University District has grown to nearly 30,000 residents. Recent development in the neighborhood has been plenty. Numerous apartment buildings and Micro Housing has been completed or is under construction. 25 story buildings are now just a few blocks away.

    This offering includes two buildings with a connected breezeway totaling 22,436 square feet of living space at $289.00 per square foot, well below the market average (of $340.00 PSF). Six million five hundred thousand dollar purchase price. At a minimum of 39 units, the price of $166,666 per unit is 30% less than the average per micro-unit costs. This is an economically sound residential purchase or value add investment.

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    Seattle Area Market Trends

    Listing Demographics for 4737 18th Avenue Northeast Seattle, WA 98105

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

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    Common Questions and Answers

    What is the asking price for 4737 18th Avenue Northeast in Seattle?
    The asking price for 4737 18th Avenue Northeast is $6,500,000
    What is the building size of this Specialty property in Seattle, WA?
    The size of the building/unit at 4737 18th Avenue Northeast in Seattle is 22,436 square feet
    What kind of Specialty is the property at 4737 18th Avenue Northeast?
    The property at 4737 18th Avenue Northeast Seattle, WA 98105 is listed as a Other Specialty Specialty property
    What is the population within 1 mile of 4737 18th Avenue Northeast in Seattle?
    The population within 1 mile of 4737 18th Avenue Northeast Seattle, WA 98105 is 46,179 people.
    Who do I contact for questions about 4737 18th Avenue Northeast?
    You should contact the listing agent, Kurt Sorensen, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi) Directions
    Boeing Field King County International Airport (BFI) 9
    Seattle Tacoma International Airport (SEA) 15
    Portland International Airport (PDX) 144
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    $6,500,000
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