4731 12th Avenue Ne, Seattle, WA 98105

Seattle
Local realty services provided by:Knipe Realty ERA Powered
Listed by: daniel lim, candice chevaillier
Office: lee & associates commercial re
MLS#:2543808
Source:NWMLS
4731 12th Avenue Ne,Seattle, WA 98105
$6,500,000
Virtual Tour
  • - Beds
  • - Baths
  • 25,500 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$6,500,000
  • Price per sq. ft.:$254.9

About this home

The Laureate presents a rare opportunity to acquire a well-maintained 23-unit multifamily asset building in the heart of the Seattle’s University District neighborhood and walking distance to both the University of Washington and the Link Light Rail Station. Originally built in 1961, the property benefits from recent extensive capital improvements and interior renovations, positioning the asset as a compelling combination of stable in-place income and future revenue growth potential. Ownership has invested significantly in the systems over the past 5 years: including a membrane roof replacement, replacement of all individual hot water tanks, securing and gating the parking for 17 vehicles, as well as overhauling the sprinkler system. Featuring a unit mix of 20 sizable 650 SF, 1-bedroom units and one 800 SF, 2-bedroom unit, select units have been renovated with modern finishes including luxury vinyl plank flooring, updated kitchens, stainless steel appliances, including...

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Home facts

  • Year built:1961
  • Listing ID #:2543808
  • Updated:June 24, 2026 at 11:43 AM

Rooms and interior

  • Flooring:Carpet, Vinyl Plank
  • Living area:25,500 sq. ft.

Heating and cooling

  • Heating:Baseboard
  • Central air:Yes

Structure and exterior

  • Roof:Torch Down
  • Year built:1961
  • Building area:25,500 sq. ft.
  • Lot area:0.17 Acres
  • Lot Features:Paved, Sidewalk
  • Construction Materials:Cement/Concrete Exterior Finish, Wood Exterior Finish
  • Exterior Features:Patio, Sprinkler System

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$6,500,000
  • Price per sq. ft.:$254.9
  • Tax amount:$47,556 (2026)

Features and amenities

  • Amenities:High Speed Internet

Parking

  • Total parking spaces:17
  • Garage:Yes
  • Garage spaces:17
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