Listing Provided Courtesy Of:
Coldwell Banker Bain and NWMLS
Address
5003 15th Avenue NE Seattle, WA
Price
$ 8,000,000
Property Attributes
  • ID#1835725
  • TypeMulti-Family
  • CountyKING
  • CitySeattle
  • AreaNorth Seattle
  • NeighborhoodUniversity District
  • Zip98105
  • Style10+ Units
  • Year Built1926
  • Taxes$ 58347
  • Price$ 8,000,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage16848
  • Lot Size8,220 SqFt
Listing Provided Courtesy Of:
Coldwell Banker Bain and NWMLS
Data Source:
Northwest Multiple Listing Service (NWMLS) - 21 - WA
Property Description

The Davison Apartments – an investment opportunity as breathtaking as the building itself. Historic 1926 3-story w/timeless brick architecture. Stands proudly at NE 50th St. & 15th Ave. NE, with the UW Campus blocks away; passing students & faculty can’t help but notice the Davison’s charm. 22 bright, spacious units, w/ to-die-for period details plus modern updates: hardwoods, granite, stainless appliances. All units currently rented, incredibly low vacancy rate. Truly prime location in heart of U-District; Walking distance to a cornucopia of shops, dining, parks, trails. Abundant transit & parking options. Rare opportunity: L3 zoning, easy rental, development opportunities… act now & be part of the Davison legacy. Dbl list see: 1845602

Elementary School Middle School High School
Green Lake Elementary School Hamilton Mid Lincoln High
Price History
9/8/2021 Listed $8,000,000

General Features

Amenities Coin Op Laundry, See Remarks
Building Area Units Square Feet
Building Name Davison Apartments
Carport Y/N No
City Seattle
County King
Directions I-5 N: Exit 169 toward NE 50th St. Merge onto 7th Ave NE. Right onto NE 50th St. Left on 15th Ave NE. Property on left.
Elementary School Green Lake
Exterior Features Brick, Cement/Concrete
Flooring Ceramic Tile, Hardwood
High School Lincoln High
High School District Seattle
Insurance Expense 6108
Interior Features Ceramic Tile
Leasable Area 16848
MLS Area 710 - North Seattle
Middle/Junior High School Hamilton Mid
Net Operating Income 242685
New Construction No
Possession Closing
Property Style 56 - 10+ Units
Property SubType Multi-Family
Property Type Residential Income
PropertyCondition Good
Roof Tile, Torch Down
Senior Community Y/N No
Sewer Sewer Connected
Special Listing Conditions None
Standard Status Active
Status Active
Street Name 15th
Structure Type Multi Family
Subdivision Name University District
Tax Annual Amount 58347
Tax Year 2020
Terms Cash Out, Conventional
Total Units 22
Units Below Grade false
Units In Building Total 22
Utilities Sewer Connected, Electricity Available
Virtual Tour https://www.tourfactory.com/idxr2915039
Water Company Seattle Public Utilities
Water Sewer Garbage 25661
Year Built 1926

Interior Features

Air Conditioning Y/N Yes
Electric On Property Y/N No
Fireplace Y/N No
Furnished Y/N Unfurnished
Living Area Units Square Feet
Power Production Type Electric
Street Suffix Avenue
Total Stories 3

Exterior Features

Building Area Total 16848
Covered Spaces 6
Irrigation Water Rights Y/N No
Lot Size Acres 0.1887
Lot Size Square Feet 8220
Lot Size Units Square Feet
Open Parking Y/N No
Total Parking 6
View Y/N No
Water Source Public
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 98105

Price
AVG $3.23M
$8M
Taxes
AVG $20,124
$58,347
Visits
AVG 89
82
Year Built
AVG 1968
1926
Walkscore
AVG 92
98
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.