Specialty Real Estate - For Sale
4737 18th Avenue Northeast Seattle, WA 98105
Details & Description
Price: $6,500,000
  • Property Type Specialty for Sale : Other Specialty
  • Lot Size Acres 0.000
  • Building Sq Ft 22,436
  • Building Price per Sq Ft $289.71
  • Land Price per Sq Ft $289.71
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
$6,500,000
For Sale
  • Property Type Specialty for Sale : Other Specialty
  • Lot Size Acres 0.000
  • Building Sq Ft 22,436
  • Building Price per Sq Ft $289.71
  • Land Price per Sq Ft $289.71
  • 4737 18th Avenue Northeast Seattle, WA 98105 | for Sale | Photo 1
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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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Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
Seattle History of Specialty Real Estate for Sale

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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.

1-Mile 3-Miles 5-Miles
Total Population46,179275,270640,845
Population Median Age293738
Population by Age0-9 Yrs2197 (4%)23285 (8%)52094 (8%)
10-19 Yrs9371 (20%)27562 (10%)54315 (8%)
20-29 Yrs20445 (44%)67891 (24%)140102 (21%)
30-39 Yrs4783 (10%)49343 (17%)120509 (18%)
40-49 Yrs3227 (6%)33639 (12%)83552 (13%)
50-59 Yrs2182 (4%)27819 (10%)70848 (11%)
60-69 Yrs2348 (5%)25972 (9%)63995 (9%)
70+ Yrs1627 (3%)19759 (7%)55430 (8%)
Median HH Income$54,408$105,956$100,227
Total Household Income< 24K4707 (29%)13375 (11%)38801 (12%)
25-49K2978 (18%)14781 (12%)39885 (13%)
50-74K2271 (14%)15965 (13%)39208 (12%)
75-99K1381 (8%)13640 (11%)33591 (11%)
100-199K2756 (17%)36028 (29%)86818 (28%)
200K+2098 (12%)27361 (22%)65199 (21%)
Highest Education LevelNo Diploma433319114514
Diploma or GED768873533935
Some College30292221164009
Assoc. Degree994984826189
Bachelors Degree751779931188898
Higher Degree743469396151058
Total Housing Units17,624129,352325,500
--Owner-Occupied4,26657,868137,150
--Renter-Occupied11,92463,281166,352
Owner-Occupied Values< 100K353511345
100-199K345611583
200-299K14719755472
300-399K15527689208
400-499K269362611285
500K+362648588108256
Total Working Age Population43,004240,321560,733
In Work Force26,460175,335406,748
Not In Work Force16,54464,987153,985
Workforce Employed24,701168,090390,208
Workforce Unemployed1,7587,09415,604
Civlian Workforce26,460175,184405,812
Military Workforce0150936
Total Households16,190121,150303,502
Family Households4,81254,528133,010
Non-Family Households11,37966,622170,492
Married Couple3,97645,974111,873
Other Family8368,55421,137
Married w/Child1,75118,57341,794
Single Male w/Child721,2673,375
Single Female w/Child2602,9717,286

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Washington5,894,121+146,724,540+147,638,415+118,503,178
King County1,737,034+111,931,249+162,231,408+112,474,625

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

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.

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Closest Commercial Airports
Airport Distance (mi)
Boeing Field King County International Airport (BFI) 9
Seattle Tacoma International Airport (SEA) 15
Portland International Airport (PDX) 144
Listing Agent
Listing Co-Agent
Kurt Sorensen - CRE Agent at

Andrew Graff

Listing Co-Agent
Kurt Sorensen - CRE Agent at

Kyle Graff

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