Historic Mixed-Use Apartment
For Sale
Contact for pricing
5234 University Wy NE, Seattle, WA 98105
Brick property combines renovated apartments, commercial space, and historic interior details near the University of Washington.
Property SizeContact for details
Days on Market143
Property Features for 5234 University Wy NE
General Information
Standard status
Active
Property subtype
Multifamily
Zoning
NC3P-65
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
17
Amenities
in-unit washer/dryers
Building Details
Year Built
1928
Buildings
1
Construction
brick
Listing Agency:
Westlake Associates, Inc.
Listed By:
Brian Bergman · License #WA
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 4:27AM
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 Westlake Associates, Inc.
Investment Insights
Based on property information with market context.
Completed in 1928, this brick apartment building includes 17 residential units positioned above two commercial spaces. Twelve apartments have been renovated, and four include in-unit washer/dryers. Interior features include hardwood flooring, selected leaded-glass details, and exposed natural woodwork that retain the character of the original construction.
The property is located near the University of Washington, neighborhood bars and restaurants, I-5 access, University Village, and Green Lake. Its NC3P-65 Neighborhood Commercial zoning supports the existing mixed-use configuration. Short-term rental use would require City approval, and the property information also identifies potential master-lease interest from hospital-affiliated companies for housing interns, nurses, and patients.
The property is located near the University of Washington, neighborhood bars and restaurants, I-5 access, University Village, and Green Lake. Its NC3P-65 Neighborhood Commercial zoning supports the existing mixed-use configuration. Short-term rental use would require City approval, and the property information also identifies potential master-lease interest from hospital-affiliated companies for housing interns, nurses, and patients.
Key Highlights
- 17 residential units above two commercial spaces
- Built in 1928 with brick construction and historic interior details
- 12 apartments recently renovated
Property Analytics
Property Profile
Current Use
Lease Details
17
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,808
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
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Brick property combines renovated apartments, commercial space, and historic interior details near the University of Washington.
Where is this apartment building located?
The property is located at 5234 University Wy NE Seattle, WA.
What are key features of this property?
This property features: 17 residential units above two commercial spaces; Built in 1928 with brick construction and historic interior details; 12 apartments recently renovated
