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    4708 22Nd Ave NE Seattle, WA 98105

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    For Sale
    $3,650,000

    Multifamily property near University of Washington with strong growth potential.

    Property size:
    6,775 SF

    Property Features for 4708 22Nd Ave NE

    General Information

    Standard status
    Active
    Size
    6,775 SF

    Building Details

    Year built
    1956

    Source: MARCUS & MILLICHAP, INC. Agent JAKE MORSE

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

    Overview

    University District Multifamily Investment Opportunity

    Located in the University District, this multifamily property offers a vibrant atmosphere with diverse amenities and job opportunities. The University of Washington is located 0.4 miles away, providing residents access to University Village with over 120 shops and restaurants, and "The Ave," known for its food scene, coffee, and nightlife. The U District Light Rail Station, located 0.7 miles away, offers convenient access to Seattle. The University District has 50,097 enrolled students, with 71% living in off-campus housing. The university is projected to have a population of 80,479 by 2028. The property size is 6,775 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Student housing

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Building Supply Clothing Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3037044
    Latitude
    47.6632439

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    FAQs

    What type of property is this?
    Apartment building - Multifamily property near University of Washington with strong growth potential.
    Where is this apartment building located?
    The property is located at 4708 22Nd Ave NE Seattle, WA.
    What is the asking price?
    The asking price for this property is $3,650,000.
    What are key features of this property?
    This property features: - Prime location in the University District, close to amenities and job opportunities.; - Walking distance (0.4 miles) to the University of Washington.; - Convenient access to University Village (120+ shops and restaurants) and "The Ave".
    Request Owner's contact information
    4708 22Nd Ave NE Seattle, WA 98105
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    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
    4708 22Nd Ave NE Seattle, WA 98105
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