4708 22nd Ave NE
Seattle WA 98105
Penrith Apartments
4708 22nd Ave NE Seattle WA 98105
Listing #: 699574 | Status: Available | Last Modified: 4/7/2026 |
For Sale
- Phone:(206) 826-5788
- Email:jake.morse@marcusmillichap.com
- Office Name:Marcus & Millichap, Inc.
- Office Phone:(206) 826-5700
- Office Website:www.marcusmillichap.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 3,350,000.0
- $/SF$ 494.5
- $/Unit$ 3,350,000.0
- Listing StatusAvailable
- Days on Market301
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate 5.00 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Building StatusExisting
- # of Buildings1
- # of Floors2
- # of Units15
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF7280
- Net Rentable Area6775
- Total Office SF
- Largest Contiguous SF
- Lot SF7405
- Acres0.17
- Property TypeMulti-Family
- Office Type
- InvestmentYes
- Building ClassB
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaU-District
- Tax ID #0925049388
- Additional Parcels
- ZoningLR3(M)
- # Covered Spaces0
- # Uncovered Spaces15
- Total Parking Spots15
- Parking Ratio
- Year Built1956
- Year Renovated
- Completion Date
- Roof Type
- Construction TypeWood
The Penrith
The Penrith, located in the University District, offers a vibrant and diverse atmosphere with a range of amenities and job opportunities. With the University of Washington just 0.4 miles away, residents benefit from all there is to offer at University Village (120+ shops & restaurants) and “The Ave” which is famous for its food scene, coffee and nightlife. The University District also offers great transit options, with the U District Light Rail Station just 0.7 miles away with convenient access to Seattle. The University District has 50,097 total students enrolled with 71% of them living in off campus housing. As it continues to grow, the university is projected to have a population of 80,479 by 2028. Recently UW’s Master plan was approved by the Seattle City Council and calls for up to 6,












