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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:
    405
    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

    We can help!

    Listing Contact
    Grant Fallon
    Grant Fallon

    Learn more

    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 Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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    We can help!
    Listing Contact
    Grant Fallon
    Grant Fallon
    Real Estate License ID: WA 135719
    Learn more
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