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University of Washington Rooming Houses
4714 - 4718 17th Ave NE Seattle WA 98105
Listing #: 714876 | Status: Available | Last Modified: 7/8/2026
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 420,771 |
| Vacancy Factor % | 0.00% |
| Operating Expenses | 146,940 |
| Net Operating Income | 273,831 |
| CAP Rate | 6.09 % |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Financial Summary | |
|---|---|
| CAP Rate | 6.085 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 2 |
| # of Floors | 3 |
| # of Units | 45 |
| # of Elevators | 0 |
| Total Building SF | 11,560 SF |
| Net Rentable Area | 11,560 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 8,634 SF |
| Acres | 0.2 |
| Year Built | 1909 |
| Property Type | |
|---|---|
| Property Type | Multi-Family |
| Location | |
|---|---|
| County | King |
| Market Area | U-District |
| Tax ID # | 8823901815 |
| Zoning | LR3(M) |
| Parking Information | |
|---|---|
| #Covered Spaces | 0 |
| # Uncovered Spaces | 7 |
| Total Parking Spots | 7 |
UW Rooming Houses
HIGHLY ATTRACTIVE SELLER FINANCING 3.85%, 20% DOWNPAYMENT, 5 YEAR TERM. UW 17th Rooming Houses offers investors a rare opportunity to acquire two adjacent rooming houses in Seattle’s highly desirable U-District/Greek Row location, just a 4-minute walk to the University of Washington campus, 9-minute walk to the U-District Light Rail Station, and 20-minute walk to University Village. The property features a combined 45 bedrooms, 5 kitchens, 11 bathrooms, 11,560 rentable SF, 8,640 SF of land, and 6 parking stalls. With average in-place rents of approximately $719/bed compared to projected market rents of $850/bed, the asset provides clear upside through light interior updates, operational improvements, and potential reconfiguration strategies. New roofs were completed in 2023, with mostly updated plumbing and electrical systems, offering investors a strong foundation in one of Seattle’s most consistent student-housing rental markets.
Great U-Dist location. Former Sigma Alpha MU Fraternity.
University of Washington Rooming Houses
4714 - 4718 17th Ave NE Seattle WA 98105
Listing #: 714876 | Status: Available | Listing Date: 7/2/2026 | Last Modified: 7/8/2026 | Email Listing
For Sale
University of Washington Rooming Houses
