Renovated 12-Unit Multifamily
2800 NE 55th St Seattle, WA 98105
For Sale
Contact for pricing
Well-maintained 12-unit building with renovated, light-filled layouts and NC2P-55 zoning with 55-foot height limit.
Property Size3,864 SF
Price / SF$569.36
Days on Market46
Property Features for 2800 NE 55th St
General Information
- Standard status
- Active
- Size
- 3,864 SF
- Property subtype
- MULTIFAMILY
Listing Agency:
Windermere Real Estate Co.
(206) 713-9835
Listed By:
Kian Pornour
(206) 713-9835
Source:
Moodyscre
Added: Jun 8
Changed: Jul 21
Last Checked: Jul 22 at 4:12AM
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 Windermere Real Estate Co.
Investment Insights
Based on property information with market context.
Well-maintained multifamily property at 2800 NE 55th St offering 12 spacious, light-filled units. The units have been thoughtfully renovated and are designed with generous layouts that provide a private residential feel.
Located in Seattle’s Bryant neighborhood, the property is just steps from bus service and Light Rail, with University Village, Seattle Children’s Hospital, and the University of Washington within minutes’ walk.
The property is zoned NC2P-55 (Neighborhood Commercial 2 with Pedestrian Overlay), which allows for mixed-use development with a 55-foot height limit. The zoning supports pedestrian-oriented commercial uses at the street level with residential units above.
Located in Seattle’s Bryant neighborhood, the property is just steps from bus service and Light Rail, with University Village, Seattle Children’s Hospital, and the University of Washington within minutes’ walk.
The property is zoned NC2P-55 (Neighborhood Commercial 2 with Pedestrian Overlay), which allows for mixed-use development with a 55-foot height limit. The zoning supports pedestrian-oriented commercial uses at the street level with residential units above.
Key Highlights
- 12‑unit multifamily building in Seattle’s Bryant neighborhood with renovated, light‑filled units
- Well‑maintained property with spacious unit layouts and a private residential feel
- NC2P‑55 zoning (Neighborhood Commercial 2 with Pedestrian Overlay) with a 55‑foot height limit
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $122.9k | $31.80 |
| − Vacancy | −$4.3k | −$1.11 |
| EGI | $118.6k | $30.69 |
| − OpEx | −$53.4k | −$13.81 |
| NOI | $65.2k | $16.88 |
3,864 SF · lease $31.80/SF/yr · vacancy 3.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$931.7K
$815.2K – $1.09M
NOI $65,216 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,375 @ 7.0% cap · market cap 3.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Well-maintained 12-unit building with renovated, light-filled layouts and NC2P-55 zoning with 55-foot height limit.
Where is this apartment building located?
The property is located at 2800 NE 55th St Seattle, WA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 12‑unit multifamily building in Seattle’s Bryant neighborhood with renovated, light‑filled units; Well‑maintained property with spacious unit layouts and a private residential feel; NC2P‑55 zoning (Neighborhood Commercial 2 with Pedestrian Overlay) with a 55‑foot height limit
