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Listing Firm: Westlake Associates, Inc.: Sam Ghanim

Bought With: RE/MAX Eastside Brokers, Inc. : Enrica Zeggio

SOLD On May 11, 2021
NWMLS # 1764326

$1,290,000

  • Sold Price

5012 20th Avenue NE, Seattle, WA 98105

Listings with the three tree icon are courtesy of NWMLS

About This Property

Excellent student housing investment property only two blocks from UW campus -along Greek Row. This 7 bedroom, 2 bath rental has been fully remodeled in 2018, including new Vinyl Plank flooring, new kitchen, new vanities and more. The property includes a storage shed, a nice fenced backyard and off street parking for three vehicles tandem; w/ ability to add two more spaces. Tenants are currently on one easy to manage lease & paying all utilities. Current lease: $6327 until 8/31/21. New lease is in place for $6550 2022 - 5.4% Cap Rate. This highly sought after location has not been vacant in 17 years. Rare opportunity to own a low maintenance and high income investment in U district, with up zone potential.

Buyer's Agent: Enrica Zeggio • RE/MAX Eastside Brokers, Inc.

Listed by: Sam Ghanim • Westlake Associates, Inc.

Aris360 Last Checked: Just Now (Jun 05, 2025 02:32 AM)

  • Source: NWMLS as Distributed by MLS Grid #1764326

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: 20th
  • Zip/Postal Code: 98105
  • City: Seattle

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$3,847 per month
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Property Features

  • County
    • University District
  • Community
    • 710 - North Seattle
  • MLS Area
    • 710 - North Seattle
  • Longitude
    • -122.306231
  • Latitude
    • 47.665344
  • Directions
    • On I-5 N, take exit 169 toward NE 50th St. Merge onto 7th Ave NE, turn right onto NE 50th St. Turn left onto 20th Ave NE. Property is on the right.

  • Interior
    • Forced Air
    • Wall to Wall Carpet
  • Floors
    • Vinyl Plank
    • Carpet
  • Power Production Type
    • Electric
    • Natural Gas
  • Furnished
    • Unfurnished

  • Stories
    • 3
  • Style
    • 52 - Duplex
  • Parking Spaces
    • 1
  • Lot Description
    • Curbs,
    • Secluded,
    • Sidewalk,
  • Foundation
    • Poured Concrete,
  • Elevation
    • Feet
  • Water Source
    • Public,
  • Exterior
    • Cement Planked
  • Site Description
    • Cable TV,Fenced-Partially,Gas Available,Patio
  • Roof
    • Composition,
  • Septic or Sewer
    • Sewer Connected,
  • Condition
    • Good,
  • Building Total Area (Sq. Ft.)
    • 3700
  • Utilities
    • Cable Connected,
    • Natural Gas Available,
    • Sewer Connected,
    • Electric,
    • Natural Gas Connected,

  • High School District
    • Seattle

  • Possession
    • Closing,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi-Family
  • Tax Year
    • 2020
  • Structure Type
    • Condominium,
  • Tax Amount
    • $7104
  • Year Built
    • 1910
  • Status
    • Sold

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Disclaimer: Based on information submitted to the MLS GRID as of Thu Jun 05 2025 . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Jun 05, 2025 02:32 AM