Mixed-Use Property with Existing
For Sale
$1,950,000
7301 Aurora Avenue N, Seattle, WA 98103
Mixed-use property featuring a pub and multifamily residence.
Property Size4,610 SF
Lot Size0.11 Acres
Days on Market418
Property Features for 7301 Aurora Avenue N
General Information
Standard status
Active
Size
4,610 SF
Lot size
0.11 Acres
Property subtype
Mixed-Use
Site & Location
Neighborhood
North Central
Building Details
Building Size
4,610 SF
Listing Agency:
Lee & Associates Commercial Real Estate Services
Listed By:
Chris Aberg
(206) 310-3831
Source:
Lee-associates
Added: Sep 1, 2025
Changed: Oct 21
Last Checked: Oct 23 at 4:45AM
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 Commercial Real Estate Services
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Investment Insights
Based on property information with market context.
The property includes 4,930 square feet of land improved with a two-story, three-unit multifamily residence on the western portion and the Olde '99 Pub, which occupies the retail frontage along Aurora Avenue North and wraps around the corner on North 73rd to the west. Both buildings are currently occupied.
Key Highlights
- Multifamily residence and pub on the same property
- Retail frontage on Aurora Avenue North
- Two‑story, 3‑unit multifamily residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,268
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,265,360
$2.3M
Cap Rate 7%
$1,618,114
$1.6M
Cap Rate 9%
$1,258,533
$1.3M
Market Conditions
NOI Build-Up for 4,610 SF
Gross rent
$154.9K $33.60/SF
− Vacancy
−$3.9K −$0.84/SF
EGI
$151.0K $32.76/SF
− OpEx
−$37.8K −$8.19/SF
NOI
$113.3K $24.57/SF
Area
ZIP 98103
Vacancy
2.50%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,265,360
Cap Rate 7%
$1,618,114
Cap Rate 9%
$1,258,533
Alternative Uses
Best Use
Specialty Retail
$1.62M
$1.42M – $1.89M
NOI $113,268 @ 7.0% cap · market cap 5.81%
Second Best
Mixed Use
$1.10M
$964.6K – $1.29M
NOI $77,171 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,445 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
765
Businesses Nearby
Explore this area
Business Placement
Demographics for 98103, WA
53,056
Population
27,857
Households
1.9
Avg Household Size
35
Median Age
77%
College-Educated
98%
High-School Grad
4.6 sq mi
ZIP Area
11,534
Density / Sq Mi
$127,372
Median Household Income
$80,508
Median Earnings
$2,006
Median Rent
$1,012,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Seattle, WA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property featuring a pub and multifamily residence.
Where is this mixed-use property located?
The property is located at 7301 Aurora Avenue N Seattle, WA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Multifamily residence and pub on the same property; Retail frontage on Aurora Avenue North; Two‑story, 3‑unit multifamily residence
