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
- Phone:(206) 898-2089
- Email:spencer.clark@cbre.com
- Office Name:CBRE
- Office Phone:(253) 572-6355
- Office Website:www.cbre.com
- Agent Phone:(206) 292-1600
- Agent Email:reed.hunter@cbre.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 2,375,000.0
- $/SF$ 540.9
- $/Unit$ 2,375,000.0
- Listing StatusAvailable
- Days on Market241
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate 5.54 %
- 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 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 TypeMulti-Family
- Office Type
- InvestmentYes
- Building Class
- CountyKing
- VicinityU District
- Location Description
- Second Address
- Cross Street
- Market AreaU-District
- Tax ID #8816400495
- Additional Parcels
- ZoningLR3
- # Covered Spaces2
- # Uncovered Spaces-2
- Total Parking Spots0
- Parking Ratio
- Year Built1918
- Year Renovated
- Completion Date
- Roof Type
- Construction TypeFramed, Wood
1417 NE 55th St
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.
