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710 NE 43rd St
Seattle, WA 98105
Multifamily Property For Sale
·
4 Units
Investment Highlights
- Diverse unit mix of one-, and two-bedroom homes averaging 473 square feet
- 6 Off street parking spaces available
- Walkers Paradise: 93 walk Score, 83 Bike Score, 82 Transit Score
- 5,000 square foot lot of Mid Rise (MR M1) zoning within walking distance of the University of Washington
- Additional 4 Plex also available for purchase across the street (709 NE 43rd St) offer investors immediate scale
Executive Summary
710 NE 43rd Street is a multifamily investment opportunity situated on a 5,000 square foot Mid Rise (MR M1) zoned lot in Seattle's University District. The property offers a diverse unit mix of one- and two-bedroom homes averaging 473 square feet, along with 6 off-street parking spaces. Its location within walking distance of the University of Washington and the U District Link Light Rail station provides residents with outstanding connectivity, reflected by a Walk Score of 93, Bike Score of 83, and Transit Score of 82.
Investors will also find a rare opportunity to acquire immediate portfolio scale: a 4-plex at 709 NE 43rd Street, directly across the street, is available for purchase simultaneously, offering two well-located assets on the same block. The MR M1 zoning provides meaningful long-term development upside in one of Seattle's most supply-constrained and demand-driven submarkets.
Investors will also find a rare opportunity to acquire immediate portfolio scale: a 4-plex at 709 NE 43rd Street, directly across the street, is available for purchase simultaneously, offering two well-located assets on the same block. The MR M1 zoning provides meaningful long-term development upside in one of Seattle's most supply-constrained and demand-driven submarkets.
Property Facts
| Price Per Unit | $413,682 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 3.64% | Building Size | 1,890 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1959 |
| Apartment Style | Low-Rise | Parking Ratio | 2.12/1,000 SF |
| Zoning | L3, Seattle | ||
| Price Per Unit | $413,682 CAD |
| Sale Type | Investment |
| Cap Rate | 3.64% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 1,890 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1959 |
| Parking Ratio | 2.12/1,000 SF |
| Zoning | L3, Seattle |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
Property Taxes
| Parcel Number | 409230-0435 | Improvements Assessment | $1,390 CAD |
| Land Assessment | $2,626,911 CAD | Total Assessment | $2,628,301 CAD |
Property Taxes
Parcel Number
409230-0435
Land Assessment
$2,626,911 CAD
Improvements Assessment
$1,390 CAD
Total Assessment
$2,628,301 CAD
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