Two-Unit Duplex with
For Sale
$999,950
5016 5018 9th Avenue NE, Seattle, WA 98105
Two distinct residences provide a three-bedroom layout upstairs and a four-bedroom layout on the lower level.
Property Size2,140 SF
Price / SF$467.27
Days on Market20
Property Features for 5016 5018 9th Avenue NE
General Information
Standard status
Active
Size
2,140 SF
Total Parking Spaces
2
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 4BR/1.5BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
decks
laundry
loft space
Building Details
Year Built
1918
Listing Agency:
Redfin
(206) 258-6097
Listed By:
Earnest Watts · License #26742
(206) 452-1162
Source:
Dalewalters
Added: Oct 15
Changed: Oct 31
Last Checked: Nov 3 at 6:39AM
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 Redfin
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.
This 2,140-square-foot duplex, built in 1918, contains two residences: an upper three-bedroom unit and a lower four-bedroom unit. The upper residence has two bedrooms on its main level and a third bedroom upstairs with an ensuite full bath; it also includes a kitchen, living and dining areas, and laundry. The lower unit has four bedrooms, 1.5 baths, and its own laundry room. Recent work includes interior and exterior paint and new flooring throughout, and both units have newer hot water heaters beneath a newer roof.
Multiple decks provide outdoor space. A two-car garage/shop with loft space adds storage or work area. The property is near UW, light rail, transit, restaurants, and neighborhood shops.
Multiple decks provide outdoor space. A two-car garage/shop with loft space adds storage or work area. The property is near UW, light rail, transit, restaurants, and neighborhood shops.
Key Highlights
- Two residences: one with 3 bedrooms and one with 4 bedrooms
- Upper unit includes a third‑floor bedroom with ensuite full bath
- Lower unit has 4 bedrooms, 1.5 baths, and a separate laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,626
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$772,520
$772.5K
Cap Rate 7%
$551,800
$551.8K
Cap Rate 9%
$429,178
$429.2K
Market Conditions
NOI Build-Up for 2,140 SF
Gross rent
$57.8K $27.00/SF
− Vacancy
−$2.6K −$1.22/SF
EGI
$55.2K $25.79/SF
− OpEx
−$16.6K −$7.74/SF
NOI
$38.6K $18.05/SF
Area
Seattle, WA
Vacancy
4.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$772,520
Cap Rate 7%
$551,800
Cap Rate 9%
$429,178
Alternative Uses
Best Use
Multifamily LT 5
$551.8K
$482.8K – $643.8K
NOI $38,626 @ 7.0% cap · market cap 3.86%
Second Best
Apartment 5plus
$516.0K
$451.5K – $602.0K
NOI $36,119 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$643.8K
$563.4K – $751.1K
NOI $45,068 @ 7.0% cap · market cap 4.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,290
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?
Duplex - Two distinct residences provide a three-bedroom layout upstairs and a four-bedroom layout on the lower level.
Where is this duplex located?
The property is located at 5016 5018 9th Avenue NE Seattle, WA.
What is the asking price?
The asking price for this property is $999,950.
What are key features of this property?
This property features: Two residences: one with 3 bedrooms and one with 4 bedrooms; Upper unit includes a third‑floor bedroom with ensuite full bath; Lower unit has 4 bedrooms, 1.5 baths, and a separate laundry room
