14-Unit Apartment
New
For Sale
$3,300,000
4001 NE 50th St, Seattle, WA 98105
A Seattle rental community combines a varied one- and two-bedroom mix with shared laundry and tenant storage.
Property Size9,999 SF
Price / SF$330.03
Days on Market2
Property Features for 4001 NE 50th St
General Information
Standard status
Active
Size
9,999 SF
Total Parking Spaces
14
Property subtype
Multi-Family
Financials
Asking Price
$3,300,000
Cap Rate
5.9%
Units
Unit Mix
9 x 1BR, 5 x 2BR
Multifamily Units
14
Amenities
individual tenant storage units
shared laundry facilities
private patios
Building Details
Year Built
1961
Listed By:
Realtrua
(425) 941-2091
Source:
Realtrua
Added: Oct 19
Last Checked: Oct 19 at 5:19AM
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 Realtrua
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The John Henry Apartments is a 14-unit community at 4001 NE 50th Street in Seattle. Its residences comprise nine one-bedroom and five two-bedroom apartments, averaging approximately 714 square feet. Shared laundry, 14 off-street parking stalls, and 14 individual storage units serve the property; select apartments also have private patios. Built in 1961, the building received a roof replacement in 2019 and has double-pane vinyl windows and updated LVP flooring in most units.
Seattle Children’s Hospital, University Village, and the University of Washington are identified as nearby destinations. The property is in the Laurelhurst neighborhood and is offered for sale.
Seattle Children’s Hospital, University Village, and the University of Washington are identified as nearby destinations. The property is in the Laurelhurst neighborhood and is offered for sale.
Key Highlights
- 14 apartments: nine one‑bedroom units and five two‑bedroom units
- Average apartment size is approximately 714 square feet
- 14 off‑street parking stalls and 14 individual tenant storage units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$168,762
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,375,240
$3.4M
Cap Rate 7%
$2,410,886
$2.4M
Cap Rate 9%
$1,875,133
$1.9M
Market Conditions
NOI Build-Up for 9,999 SF
Gross rent
$318.0K $31.80/SF
− Vacancy
−$11.1K −$1.11/SF
EGI
$306.8K $30.69/SF
− OpEx
−$138.1K −$13.81/SF
NOI
$168.8K $16.88/SF
Area
Seattle, WA
Vacancy
3.50%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,375,240
Cap Rate 7%
$2,410,886
Cap Rate 9%
$1,875,133
Alternative Uses
Best Use
Apartment 5plus
$2.41M
$2.11M – $2.81M
NOI $168,762 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.01M
$2.63M – $3.51M
NOI $210,576 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
14
Residential units
Location Intelligence
Trade Area within ½ mile
2,267
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A Seattle rental community combines a varied one- and two-bedroom mix with shared laundry and tenant storage.
Where is this apartment building located?
The property is located at 4001 NE 50th St Seattle, WA.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: 14 apartments: nine one‑bedroom units and five two‑bedroom units; Average apartment size is approximately 714 square feet; 14 off‑street parking stalls and 14 individual tenant storage units
