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
    4737 18th Avenue Northeast | for Sale | Thumbnail 1
    4737 18th Avenue Northeast | for Sale | Thumbnail 2
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    4737 18th Avenue Northeast | for Sale | Thumbnail 5
    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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    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.

    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 propery 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)
    Boeing Field King County International Airport (BFI) 9
    Seattle Tacoma International Airport (SEA) 15
    Portland International Airport (PDX) 144