$2,098,000

12 Beds 12 Baths 3,864 SQFT 0.14 Acres
Type: Multi-Family

2800 NE 55th Street
Seattle, WA 98105

MLS#: 2535620
Presented by: Windermere Real Estate Co. and NWMLS

Property Description

 

This well-maintained multifamily property in Seattle’s highly desirable Bryant neighborhood presents a rare opportunity to acquire 12 spacious, light-filled units, which have been thoughtfully renovated. The property's generous unit layouts and private residential feel contribute to strong tenant appeal and long-term occupancy in one of Northeast Seattle’s most sought-after submarkets. Ideally located just steps from the bus service and Light Rail and within minutes walk to University Village, Seattle Children’s Hospital, and the University of Washington. The property offers residents exceptional connectivity, convenience, and access to major employment and lifestyle amenities. Adding to its investment appeal, the property is zoned NC2P-55 (Neighborhood Commercial 2 with Pedestrian Overlay), allowing for mixed-use development with a 55-foot height limit. This zoning supports pedestrian-oriented commercial uses at the street level with residential units above, creating significant future redevelopment potential. Investors have the opportunity to benefit from strong in-place cash flow while positioning the asset for higher-density, transit-oriented development in a rapidly growing urban corridor.


 

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringHardwood, Vinyl, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces0
Total Stories1

General

Building Area Units0 sqft
Cap Rate4.6
Carport Spaces0
Carport Y/NNo
CitySeattle
CoolingNone
CountyKing
DirectionsGo East On NE 55th ST . Property Is At The Left Side Of The Street At The Corner Of 28th Ave NE and NE 55th ST
Electric Expense0
Elementary SchoolBryant
Fuel Expense0
Garage Spaces0
HOANo
HOA Fee$0
HeatingBaseboard
High SchoolRoosevelt High
High School DistrictSeattle
Insurance Expense19200
Leasable Area3,864 sqft
Listing TermsCash, Conventional
Living Area0 sqft
Lot Size Square Feet6,313 sqft
Lot Size UnitsSquare Feet
MLS Area710 - North Seattle
Middle/Junior High SchoolEckstein Mid
NWM_ShowMapLinkY
Net Operating Income102104
New ConstructionNo
Number Of Units Total12
PossessionClosing, Subject To Tenant Rights
Property Style56 - 10+ Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksThis well-maintained multifamily property in Seattles highly desirable Bryant neighborhood presents a rare opportunity to acquire 12 spacious, light-filled units, which have been thoughtfully renovated
RoofComposition
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameBryant
Tax Annual Amount$20,338
Tax Year2025
Units Below Gradefalse
ViewCity, Lake, Mountains, Territorial
Water CompanySeattle Public Utilities
Water Sewer Garbage32001
Year Built1955

Exterior

Building Area Total3,864 sqft
Covered Spaces0
Exterior AmenitiesBrick, Wood
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesCurbs, Paved, Sidewalk
Lot Size Acres0.1449
Parking Uncovered Total0
Total Parking0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools 

High School Roosevelt High
Middle School Eckstein Mid
Elementary School Bryant Elementary School

  

Similar Properties

$2,098,000

12 Beds 12 Baths 3,864 SQFT 0.14 Acres
Type: Multi-Family

2800 NE 55th Street
Seattle, WA 98105

MLS#: 2535620