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    4735 Ravenna Ave NE Seattle Seattle, WA 98105

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    For Sale
    $2,500,000

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

    Property size:
    5,530 SF

    Property Features for 4735 Ravenna Ave NE Seattle

    General Information

    Standard status
    Active
    Size
    5,530 SF

    Building Details

    Year built
    1950

    Source: LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES Agent AARON MATHIEU

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

    Overview

    Ravenna Apartments: Multifamily Investment Opportunity

    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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3035511
    Latitude
    47.6641097

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    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 Ave NE Seattle Seattle, WA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    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.
    Request Owner's contact information
    4735 Ravenna Ave NE Seattle Seattle, WA 98105
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4735 Ravenna Ave NE Seattle Seattle, WA 98105
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