4735 Ravenna Avenue NE Seattle, Seattle, WA 98105

Building Details

Year Built

1950

Listing office LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES a***@lee-associates.com Show Phone

Listing date May 8, 2025

Source Corcoran

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES

Report an issue

---

Overview

The Ravenna Apartments present an opportunity to acquire a multifamily investment property with potential for increased value. The unit mix includes studio, one-bedroom, two-bedroom, and three-bedroom apartments. The current rents are below market value for the unrenovated units. Additional income opportunities exist by implementing utility chargebacks, pet rent, and laundry services. The property is situated in Seattle’s Ravenna neighborhood, conveniently located near University Village and the University of Washington campus. The property size is 5530 square feet.

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Seattle

County

King

State

Washington

Longitude

-122.304

Latitude

47.6641

Nearby Similar for Sale

• 

  $2,600,000

  4,653 SF

  South Park Industrial Flex Property

  Flex/warehouse building in Seattle's South Park area.

  7912 7th Ave S, Seattle, WA 98108

  View Details
• 

  $1,250,000

  Perched Triplex with Private Parking

  Triplex with in-unit laundry, northwest-facing decks, and four parking stalls accessed via a private dead-end alley.

  3438 14th Avenue W, Seattle, WA 98119

  View Details
• 

  $2,200,000

  4,500 SF

  Auto-Repair Property with Two Parcels

  Auto-repair facility totaling 4,500 SF on two parcels, zoned NC3-75 (M) for flexible owner-user or development use.

  4607 37th Ave SW, Seattle, WA 98126

  View Details
• 

  $1,575,000

  3,847 SF

  Warehouse/Flex Building in Georgetown

  3,847 SF warehouse/flex building with fenced storage in Seattle.

  6349 6th Ave S, Seattle, WA 98108

  View Details
• 

  $8,950,000

  35,869 SF

  Seattle Industrial Building For Sale

  35,869 SF industrial building in desirable Georgetown area.

  1915 S Corgiat Dr, Seattle, WA 98108

  View Details
• 

  $8,950,000

  35,869 SF

  Seattle Industrial Building For Sale

  35,869 SF industrial building in desirable Georgetown area.

  1915 S Corgiat Dr, Seattle, WA 98108

  View Details
• 

  $2,095,000

  5,606 SF

  Mixed-Use Building Near Lake Washington

  Fully leased mixed-use building with parking near Lake Washington.

  11463 Rainier Avenue S, Seattle, WA 98178

  View Details
• 

  $2,850,000

  7,842 SF

  Seattle Retail/Warehouse Opportunity on Arterial

  7,842 SF commercial building on 0.32 acres in Seattle.

  1500 NW Leary Wy, Seattle, WA 98107

  View Details
• 

  $3,400,000

  9,112 SF

  West Seattle Investment Opportunity

  Well-maintained 9,112 SF building with long-term tenants.

  6323 35th Ave SW, Seattle, WA 98126

  View Details
• 

  $9,250,000

  19,669 SF

  Upper Queen Anne Office Building

  Modern office building with rooftop deck and parking.

  20 W Galer St, Seattle, WA 98119

  View Details
• 

  $7,750,000

  10,889 SF

  Ballard Avenue Retail Investment

  Fully leased retail asset in Seattle's vibrant Ballard Avenue.

  5307-5313 Ballard Ave NW, Seattle, WA 98107

  View Details
• 

  $699,000

  2,090 SF

  Updated Property with Detached Warehouse

  Updated mixed-use property with detached warehouse and flexible zoning.

  10041 15th Ave SW, Seattle, WA 98146

  View Details

FAQs

What type of property is this?

Apartment building - Value-add multifamily investment property in Seattle's Ravenna neighborhood.

Where is this apartment building located?

The property is located at 4735 Ravenna Avenue NE Seattle Seattle, WA.

What is the asking price?

The asking price for this property is $2,400,000.

What are key features of this property?

This property features: Value‑add multifamily investment opportunity.; Below‑market rents offer immediate upside potential.; Located in Seattle's desirable Ravenna neighborhood.