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Historic Wallingford 9-Unit Apartment Building
For Sale
$2,050,000

4120 Burke Avenue N, Seattle, WA 98103

Historic 9-unit apartment building in the heart of Wallingford.

Property SizeContact for details
Days on Market802

Property Features for 4120 Burke Avenue N

General Information

Standard status Active

Building Details

Year Built 1919
Listing Agency: SOUTH LAKE ASSOCIATES INC.
Listed By: JOHN JOCHIM
Source: Corcoran
Added: Jun 13, 2024 Changed: Mar 16 Last Checked: Mar 16 at 9:09AM

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 SOUTH LAKE ASSOCIATES INC.

Investment Insights

Based on property information with market context.

This historic 9-unit apartment building, known as The Burke House, is situated in a quiet residential area in the heart of Wallingford, surrounded by classic homes. Originally a single-family mansion used as a sorority for the University of Washington in the 1930s and 1940s, it was converted into a 9-unit apartment building in the 1960s. The property features classic finishes and charm throughout its mix of seven studios, one 1-bedroom unit, and one 2-bedroom unit. The upper two floors offer views. There is potential to combine units for owner-occupied use while maintaining five rental units. Onsite laundry facilities are available, along with additional building storage or the potential to expand the 2-bedroom unit. A new roof was installed in 2019, and new siding and windows were added in 2015. The mechanical systems could be upgraded.

Key Highlights

  • Rare historic 9‑unit apartment building in the heart of Wallingford.
  • Potential to combine units for owner‑occupied use while maintaining 5 rental units.
  • Mix of 7 studios, one 1‑bedroom, and one 2‑bedroom unit with classic finishes and charm.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store HVAC Service Grocery & Convenience Store Barber Shop Food Market Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,331
Businesses Nearby

Demographics for 98103, WA

53,056
Population
27,857
Households
1.9
Avg Household Size
35
Median Age
77%
College-Educated
98%
High-School Grad
4.6 sq mi
ZIP Area
11,534
Density / Sq Mi
$127,372
Median Household Income
$80,508
Median Earnings
$2,006
Median Rent
$1,012,900
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Historic 9-unit apartment building in the heart of Wallingford.
Where is this apartment building located?
The property is located at 4120 Burke Avenue N Seattle, WA.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: Rare historic 9‑unit apartment building in the heart of Wallingford.; Potential to combine units for owner‑occupied use while maintaining 5 rental units.; Mix of 7 studios, one 1‑bedroom, and one 2‑bedroom unit with classic finishes and charm.
More about this property
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