1417 NE 55th St
Seattle WA 98105

University Heights Apartments

1417 NE 55th St Seattle WA 98105

Listing #: 702108 | Status: Available | Last Modified: 4/13/2026 |

For Sale
Spencer Clark
Reed Hunter
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 2,375,000.0
  • $/SF$ 540.9
  • $/Unit$ 2,375,000.0
  • Listing StatusAvailable
  • Days on Market241
  • Asset ClassMulti-Family
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income0
  • Vacancy Factor %0.00%
  • Operating Expenses0
  • Net Operating Income0
  • CAP Rate 5.54 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Building Information
  • Building StatusExisting
  • # of Buildings1
  • # of Floors2
  • # of Units6
  • # of Elevators
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF5406
  • Net Rentable Area4391
  • Total Office SF
  • Largest Contiguous SF
  • Lot SF4120
  • Acres0.09
Property Type
  • Property TypeMulti-Family
  • Office Type
  • InvestmentYes
  • Building Class
Location
  • CountyKing
  • VicinityU District
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaU-District
  • Tax ID #8816400495
  • Additional Parcels
  • ZoningLR3
Parking Information
  • # Covered Spaces2
  • # Uncovered Spaces-2
  • Total Parking Spots0
  • Parking Ratio
Construction
  • Year Built1918
  • Year Renovated
  • Completion Date
  • Roof Type
  • Construction TypeFramed, Wood

1417 NE 55th St

Public Comments

We are pleased to present the University Heights Apartments, a fully renovated six-unit multifamily asset located in Seattle’s thriving University District. This turn-key investment offers strong in-place cash flow with a 5.54% cap rate and a rare opportunity to acquire a boutique property featuring large, spacious units—five two-bedrooms and one one-bedroom—each fully remodeled to a premium standard in 2021–2022. Each unit showcases modern finishes including white shaker cabinetry, solid surface countertops, and stainless-steel appliances. Recent capital improvements include a new roof, windows, exterior paint, and updated plumbing and electrical systems, ensuring minimal near-term maintenance.

Listing Images