5703 18th Avenue NE, Seattle, WA 98105
- $1,875,000
- 4,331
- SqFt
Listing Broker: Westlake Associates, Inc.; Travis Kannier; ; Selling Office: Quorum-Laurelhurst, Inc.
- Sold Price
- $1,875,000
- List Price
- $1,900,000
- Status
- SOLD
- MLS#
- 2422448
- Closing Date
- Dec 10, 2025
- Days on Market
- 44
- Style
- 55 - 5-9 Units
- Finished SqFt
- 4,331
- Area Total SqFt
- 4331
- Annual Tax Ammount
- 16818
- Lot Size (sq ft)
- 4,646
- Sewer
- Sewer Connected
Property Description
This beautifully maintained 8-unit classic apartment building, with 1 nonconforming unit, seamlessly blends timeless old-world charm with tasteful modern updates, making it an attractive choice for both tenants and investors alike. The building greets you with a stately lobby, highlighted by elegant box beam ceilings. This inviting space reflects the care and attention to detail evident throughout the building. Each unit has been thoughtfully updated with newer cabinets and sleek quartz countertops, offering a contemporary aesthetic that complements the building’s classic architecture. The units also benefit from an abundance of natural light maximizing functionality and comfort for residents while ensuring strong tenant appeal.
Additional Information
- List Date
- 2025-10-27 00:00:00
- Community
- Ravenna
- Net Operating Income
- $127,843
- Gross Adjusted Income
- $179,208
- Gross Scheduled Income
- $188,640
- Total Monthly Income
- $15,720
- Insurance Expenses
- $3,829
- Water/Sewer/Garbage Expenses
- $12,357
- Gross Rent Multiplier
- 10.07
- Total Expenses
- $51,365
- Cap Rate
- 6.73
- Vacancy Rate
- 5
- Total Number of Units
- 9
- Unit Name
- 5703
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1910
- Roof
- Composition
- Other Expenses
- 18361
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $15,720
- Gross Scheduled Income
- $188,640
- Vacancy Rate
- 5
- Gross Adjusted Income
- $179,208
- Tax Year
- 2025
- Insurance Expense
- $3,829
- W/S/G Expenses
- $12,357
- Total Expenses
- $51,365
- Net Operating Income
- $127,843
- Gross Rent Multiplier
- 10.07
- Cap Rate
- 6.73
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.