Well-Maintained Apartment
For Sale
$995,000
709 NE 43rd St, Seattle, WA 98105
Apartment building with studio and two-bedroom units and multiple recent capital improvements on a Mid-Rise zoned lot.
Property SizeContact for details
Lot Size0.06 Acres
Days on Market53
Property Features for 709 NE 43rd St
General Information
Standard status
Active
Lot size
0.06 Acres
Property subtype
Multifamily
Zoning
MR M1
Occupancy
95%
Financials
Cap Rate
4.21%
Business Included
Yes
Amenities
Diverse unit mix of studio-, one and two-bedroom homes averaging 518 square feet
2,500 square foot lot of Mid Rise (MR M1) zoning within walking distance of the University of Washington
Significant capital improvements already in place: Roof replaced within the last four years, Square D electrical panels, Full copper plumbing
Additional 4 Plex also available for purchase across the street (710 NE 43rd St) offer investors immediate scale
Walkers Paradise: 93 walk Score, 83 Bike Score, 82 Transit Score
Building Details
Units
4
Tenancy
Multi
Listing Agency:
MARCUS & MILLICHAP, INC.
Listed By:
Jake Morse · License #License(s): WA: 20120840
(206) 826-5788
Source:
Marcusmillichap
Added: Jul 18
Changed: Sep 6
Last Checked: Sep 7 at 5:01AM
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 MARCUS & MILLICHAP, INC.
Investment Insights
Based on property information with market context.
709 Apartments is a well-maintained multifamily property offering a unit mix of studios and two-bedroom homes. Reported capital improvements include a roof replacement within the last four years, Square D electrical panels, and full copper plumbing, aimed at reducing near-term capital expenditure needs for a new owner.
The property is located at 709 NE 43rd St in Seattle, minutes from the University of Washington, with reported 93 Walk Score, 83 Bike Score, and 82 Transit Score. The asset sits on a 2,500-square-foot lot zoned Mid-Rise (MR M1).
For additional acquisition flexibility, a 4-plex is available for purchase directly across the street at 710 NE 43rd St, providing an opportunity to consider assembling a two-property portfolio.
The property is located at 709 NE 43rd St in Seattle, minutes from the University of Washington, with reported 93 Walk Score, 83 Bike Score, and 82 Transit Score. The asset sits on a 2,500-square-foot lot zoned Mid-Rise (MR M1).
For additional acquisition flexibility, a 4-plex is available for purchase directly across the street at 710 NE 43rd St, providing an opportunity to consider assembling a two-property portfolio.
Key Highlights
- Multi‑family apartment building with studio and two‑bedroom units on a 2,500‑SF lot zoned Mid‑Rise (MR M1)
- Recent capital improvements include a roof replaced within the last four years
- Electrical updates include Square D electrical panels
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
3,564
Businesses Nearby
Explore this area
Business Placement
Demographics for 98105, WA
49,151
Population
20,582
Households
2.4
Avg Household Size
27
Median Age
77%
College-Educated
99%
High-School Grad
3.8 sq mi
ZIP Area
12,934
Density / Sq Mi
$78,691
Median Household Income
$34,947
Median Earnings
$1,803
Median Rent
$1,261,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment building with studio and two-bedroom units and multiple recent capital improvements on a Mid-Rise zoned lot.
Where is this apartment building located?
The property is located at 709 NE 43rd St Seattle, WA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Multi‑family apartment building with studio and two‑bedroom units on a 2,500‑SF lot zoned Mid‑Rise (MR M1); Recent capital improvements include a roof replaced within the last four years; Electrical updates include Square D electrical panels
