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    4270-4280 50Th St Seattle, WA 98105

    Sponsored
    For Sale
    $4,750,000

    Five Luxury Townhomes, High ROI Potential

    Property size:
    10,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a portfolio of five Class A townhomes in Seattle's desirable Laurelhurst neighborhood, totaling 10,100 square feet. Built in 2019, each unit boasts 2,020 square feet of modern living space, featuring four bedrooms, 2.5 bathrooms, an attached garage, mini-split A/C, tankless water heaters, and ample storage. The top-floor master suites offer deluxe baths, walk-in closets, and stunning Seattle views. Currently operating at 80% occupancy, the property generates a $179,000 NOI, with a pro-forma NOI of $198,702 reflecting market-rate rents, which are 10% higher than current levels. The asking price is $4,750,000, representing a $470 per square foot cost and a 3.80% cap rate (4.20% pro-forma). Situated on a 6,740 square foot lot, each townhome sits on its own tax lot, offering the flexibility to sell individually or as a cohesive investment. The property's prime location offers convenient access to Children's Hospital, Burke-Gilman Park, Laurelhurst Elementary, and is just one mile from the University of Washington and University Village. This presents a unique opportunity to capitalize on the appreciating Seattle real estate market, with the potential for significant future returns. Individual lease details for each unit are available upon request. The property is priced at $950,000 per unit.

    Property Features for 4270-4280 50Th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    10,100 SF
    Class
    A

    Building Details

    Year Built
    2019
    Buildings
    5
    Stories
    4
    Units
    5

    HighLights

    • Asana Homes townhome community boasts sleek design and high‑end finishes.
    • Walkable to Children's Hospital, Burke‑Gilman Trail, and Laurelhurst Elementary.
    • One mile from University of Washington and University Village.
    • Each home offers 2,020 square feet of modern living space.
    • Top‑floor master suite features a deluxe bath, walk‑in closet, and Seattle views.
    • Homes include mini‑split AC, tankless water heaters, and ample storage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.2807699
    Latitude
    47.6650968

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    FAQs

    What type of property is this?
    Multifamily property - Five Luxury Townhomes, High ROI Potential
    Where is this multifamily property located?
    The property is located at 4270-4280 50Th St Seattle, WA.
    What is the asking price?
    The asking price for this property is $4,750,000.
    What are key features of this property?
    This property features: Asana Homes townhome community boasts sleek design and high-end finishes.; Walkable to Children's Hospital, Burke-Gilman Trail, and Laurelhurst Elementary.; One mile from University of Washington and University Village.
    Request Owner's contact information
    4270-4280 50Th St Seattle, WA 98105
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    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
    4270-4280 50Th St Seattle, WA 98105
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