Student Housing Development
For Sale
Contact for pricing
4626 21st Ave NE, Seattle, WA 98105
Flat development site with entitlements in review for a student housing building and current income from a parking lease.
Property Size11,325 SF
Price / SF$737.31
Days on Market23
Property Features for 4626 21st Ave NE
General Information
Standard status
Active
Size
11,325 SF
Property subtype
LAND
Listing Agency:
Alchemy Real Estate
(206) 550-1308
Listed By:
Michael Brewer
(206) 550-1308
Source:
Moodyscre
Added: Jul 21
Changed: Aug 8
Last Checked: Jul 27 at 7:28AM
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 Alchemy Real Estate
Investment Insights
Based on property information with market context.
This flat development site is being marketed as a Premier University of Washington student housing opportunity on Greek Row. Consultant reports and a full due diligence package are available upon request. The property includes entitlements for a +/-150 unit student housing building, currently in the final stages of review with Seattle Department of Construction and Inspections (SDCI). The site is described as having big views and no street improvement program (no SIP’s).
The property is positioned about a one-block walk to a University of Washington campus entrance. Current monthly income is generated from a Diamond Parking Lease. The building is occupied by a non-profit and receives a substantial property tax exemption, and a 20-day notice to vacate is noted in the public remarks.
Due diligence materials can be provided for review to support the entitlement status and existing lease information.
The property is positioned about a one-block walk to a University of Washington campus entrance. Current monthly income is generated from a Diamond Parking Lease. The building is occupied by a non-profit and receives a substantial property tax exemption, and a 20-day notice to vacate is noted in the public remarks.
Due diligence materials can be provided for review to support the entitlement status and existing lease information.
Key Highlights
- Flat development site on Greek Row with big views
- Entitlements in final stages of review for a +/-150‑unit student housing building with SDCI
- One block walk to the University of Washington campus entrance
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,061
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Apartment building - Flat development site with entitlements in review for a student housing building and current income from a parking lease.
Where is this apartment building located?
The property is located at 4626 21st Ave NE Seattle, WA.
What is the asking price?
The asking price for this property is $8,350,000.
What are key features of this property?
This property features: Flat development site on Greek Row with big views; Entitlements in final stages of review for a +/-150‑unit student housing building with SDCI; One block walk to the University of Washington campus entrance
