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Property profile

2916 55th St Seattle, WA 98105

OFF-MARKET
Other investment properties
Property ID
US90-1661202
10,278 SF 0.27 ac lot Built 1908
Last sale Dec 1996 · $356,300
Individually Owned Owner of record is an individual. 29-yr Hold Held for 29 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The Ravenna Apartments is a mixed-use property in Seattle, Washington, located at the corner of 2916 NE 55th St. The building has been operated as an apartment building for approximately 44 years and is positioned within a surrounding mix of residential and commercial uses, reflecting a configuration suited to corner-lot access. The site presents potential for redevelopment into a five-story mixed-use project, offering an alternative to continued operation of the existing improvements.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$34k
Tax billed · 2022
Assessed value$3.95M
Assessed land$3.94M
Assessed improvement$1k
Effective rate0.87%

Value estimate

· Oct 2026
$1.81M
$1.62M – $1.99M
CAP approach$2.09M

Realmo valuation models over county records and 9 qualifying comparable sales.

Recently sold

What actually traded nearby?
$506/SF
Submarket average, outlier-cleaned · 269 recorded sales of this use type
Observed band · Q1–Q3$213 – $957
Qualifying comparables9

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
NC2P-55 (M)
The intent of this district is to promote neighborhood commercial activities, to support or encourage a pedestrian-oriented shopping area...
General categoryCOMMERCIAL
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service11.9
Auto Parts Store9.7
Wholesale Shop9.6

Location

2916 55th St Seattle, WA 98105-5532
County assessor Recorded deeds · 8 transfers 9 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4234 University NE, Seattle, WA 98105-5807 $4,756,919 Nov 2023 9,100 SF
4557 University NE, Seattle, WA 98105 $4,195,000 Mar 2022 9,780 SF
4238 12th NE, Seattle, WA 98105-5902 $3,914,000 Jun 2021 4,864 SF
4906 25th NE, Seattle, WA 98105-4100 $5,000,000 Oct 2020 7,086 SF
4211 Brooklyn NE, Seattle, WA 98105-5955 $7,107,400 Nov 2019 3,078 SF
2809 55th, Seattle, WA 98105-5529 $860,000 Jul 2019 2,064 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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