LISTING DETAILS

University Heights Apartments

1417 NE 55th St Seattle WA 98105

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

Showing Instructions
Call Listing AgentNo
Use DiscretionNo
Investment Information
Investment PropYes
Gross Income0
Vacancy Factor %0.00%
Operating Expenses0
Net Operating Income0
CAP Rate5.54 %
Detail Listing Information
Min Total SF0 SF
Max Total SF0 SF
Lease Rate Low$ 0.00
Lease Rate High$ 0.00
Retail Information
SignageSignage on Building and Freestanding
Building Information
Building StatusExisting
# of Buildings1
# of Floors2
# of Units6
Total Building SF5,406 SF
Net Rentable Area4,391 SF
Total Office SF0 SF
Largest Contiguous SF0 SF
Lot SF4,120 SF
Acres0.09
Year Built1918
Construction TypeFramed, Wood
Property Type
Property TypeMulti-Family
InvestmentYes
Location
CountyKing
VicinityU District
Market AreaU-District
Tax ID #8816400495
ZoningLR3
Parking Information
#Covered Spaces2
# Uncovered Spaces-2
Total Parking Spots0

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.

University Heights Apartments
1417 NE 55th St Seattle WA 98105

Listing #: 702108 | Status: Available | Listing Date: 9/4/2025 | Last Modified: 4/13/2026 | Email Listing

For Sale

University Heights Apartments

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