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Craftsman Fourplex Investment
For Sale
Contact for pricing
Pending

5219 22nd Ave NE, Seattle, WA 98105

Three-story fourplex originally built in 1914 with four separate units, individual entrances, and separate electric and gas meters.

Property SizeContact for details
Days on Market121

Property Features for 5219 22nd Ave NE

General Information

Standard status Pending
Property subtype Multifamily
Listing Agency: Lee & Associates - Seattle
Listed By: Daniel Lim · License #WA 730620
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Aug 9 at 7:55AM

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 Lee & Associates - Seattle

Investment Insights

Based on property information with market context.

A well-located three-story craftsman-style fourplex originally built in 1914, featuring period details such as crown molding, box-beam ceilings, brick fireplaces, and hardwood floors. The four units have received updates including countertops, cabinetry and fixtures, along as plumbing and electrical improvements. Each unit has its own entrance and is separately metered for electric and gas. A common laundry room is located on the lower level, supporting day-to-day convenience.

The property is situated above 22nd Ave NE in Seattle’s University District, offering a rental-oriented setting. The unit mix includes a studio and a 2-bedroom on the lower level, plus two large 4-bedroom units on the second and third floors. The upper units are described as providing views of the Cascade Mountain range to the east.

Key Highlights

  • Three‑story fourplex originally built in 1914 with period features including crown molding, box‑beam ceilings, brick fireplaces, and hardwood floors
  • Four units with individual entrances and separately metered electric and gas
  • Unit mix includes a studio and 2‑bedroom on the lower level, plus two large 4‑bedroom units on the second and third floors

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick HVAC Service Electrical Service Home Appliance Store (Bike/Boat/Book/etc) Store Storage Facility Mobile Phone Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,707
Businesses Nearby

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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Three-story fourplex originally built in 1914 with four separate units, individual entrances, and separate electric and gas meters.
Where is this quadplex located?
The property is located at 5219 22nd Ave NE Seattle, WA.
What are key features of this property?
This property features: Three‑story fourplex originally built in 1914 with period features including crown molding, box‑beam ceilings, brick fireplaces, and hardwood floors; Four units with individual entrances and separately metered electric and gas; Unit mix includes a studio and 2‑bedroom on the lower level, plus two large 4‑bedroom units on the second and third floors
More about this property
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