Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    4722-4730 15Th Ave NE Seattle, WA 98105

    For Sale
    $6,520,000

    Rare land parcel with approved apartment project near UW.

    Property size:
    12,960 SF
    Lot size:
    0.29 Acres

    Property Features for 4722-4730 15Th Ave NE

    General Information

    Size
    12,960 SF
    Lot size
    0.29 Acres

    Source: Best Choice Realty Agent Jingdong Yu

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

    Overview

    Prime U District Development Opportunity

    This property presents a rare opportunity to acquire prime real estate with a fully designed apartment project in the U District, adjacent to the University of Washington. The Rhythm Apartments project, which includes three neighboring parcels, has secured MUP approval and is in the final stages of obtaining a building permit. The meticulously planned project features a seven-story building with commercial space on the first floor and 127 units on floors two through seven. The total area of the building is 45,926 square feet, with an average unit size of 362 square feet. The design includes underground parking. Located just one block from the UW central campus, the property is in close proximity to shopping, entertainment, and restaurants in the bustling U District, promising optimal investment returns.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Realty agency Restaurant 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
    -122.311633
    Latitude
    47.6637684

    Nearby Similar for Sale

    • $1,095,000
      2,630 SF

      Queen Anne Vacant Triplex

      Classic triplex in desirable Queen Anne neighborhood, delivered fully vacant.
      605 W Emerson St, Seattle, WA 98119
      View Details
    • $1,295,000
      4,150 SF

      Greenwood Multifamily Investment Opportunity

      Well-maintained six-unit apartment building in a desirable Seattle neighborhood.
      719 N 85Th St, Seattle, WA 98103
      View Details
    • $2,000,000
      6,534 SF

      Beacon Hill Apartment Community

      Nine-unit apartment community in Seattle's Beacon Hill neighborhood.
      1746 S Hanford St, Seattle, WA 98144
      View Details
    • $3,495,000
      15,117 SF

      Mixed-Use Building Near Light Rail

      Mixed-use building with value-add potential near Mt. Baker.
      3208 Rainier Ave S, Seattle, WA 98144
      View Details
    • $3,800,000

      Belltown Multifamily/Hotel Redevelopment Opportunity

      Value-add investment near Pike Place Market with high-rise redevelopment potential.
      2200-2204 1St Ave, Seattle, WA 98109
      View Details
    • $3,800,000
      8,330 SF

      Belltown Multifamily/Hotel Redevelopment Opportunity

      Value-add investment near Pike Place Market with redevelopment potential.
      2200 1St Ave, Seattle, WA 98121
      View Details

    FAQs

    What type of property is this?
    Commercial land - Rare land parcel with approved apartment project near UW.
    Where is this commercial land located?
    The property is located at 4722-4730 15Th Ave NE Seattle, WA.
    What is the asking price?
    The asking price for this property is $6,520,000.
    What are key features of this property?
    This property features: - Fully designed & permitted 7-story apartment project (The Rhythm Apartments) ready for construction.; - Prime location in the U District, adjacent to the University of Washington (UW) central campus.; - Includes 127 residential units and valuable commercial space on the 1st floor.
    (425) 503-8877
    Request Owner's contact information
    4722-4730 15Th Ave NE Seattle, WA 98105
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4722-4730 15Th Ave NE
    Seattle, WA 98105
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    4722-4730 15Th Ave NE Seattle, WA 98105
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.