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Listing Firm: Kidder Mathews: Winslow Thomas Lee

Bought With: Kidder Mathews : Winslow Thomas Lee

SOLD On December 7, 2022
NWMLS # 1970616

$4,950,000

  • Sold Price
  • - Beds
  • - Baths
  • 11500 Sq.ft.

5234 University Way NE, Seattle, WA 98105

Listings with the three tree icon are courtesy of NWMLS

About This Property

Devoe is a charming 19-unit value-add apartment with proven rent upside. Current ownership has renovated 6 of the 17 residential units and is averaging an 85% increase over previous in-place rents. Recent capital improvements include new roof, new central boilers, vinyl windows, and electrical and plumbing upgrades. Attractively priced a $289,000 per unit and a 5.9% cap rate upon stabilization.

Buyer's Agent: Winslow Thomas Lee • Kidder Mathews

Listed by: Winslow Thomas Lee • Kidder Mathews

Aris360 Last Checked: 9 Minutes Ago (Jun 05, 2025 07:29 PM)

  • Source: NWMLS as Distributed by MLS Grid #1970616

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: University Way
  • 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
    • -122.312684
  • Latitude
    • 47.667461
  • Directions
    • 5234 University Way Seattle, WA

  • Interior
    • Hardwood
    • Wall to Wall Carpet
  • Floors
    • Hardwood
    • Vinyl
    • Carpet
  • Power Production Type
    • Electric
  • Furnished
    • Unfurnished

  • Stories
    • 4
  • Style
    • 56 - 10+ Units
  • Lot Description
    • Alley,
    • Curbs,
    • Paved,
    • Sidewalk,
    • Value In Land,
  • Foundation
    • Poured Concrete,
  • Elevation
    • Feet
  • Water Source
    • Public,
  • Exterior
    • Brick
    • Wood Products
  • Roof
    • Torch Down,
  • Septic or Sewer
    • Sewer Connected,
  • Condition
    • Good,
  • Water
    • PSE
  • Building Total Area (Sq. Ft.)
    • 4650
  • Has View
    • Yes
  • Utilities
    • Sewer Connected,
    • Electric,
  • View Description
    • City,
    • Lake,
    • Territorial,

  • High School District
    • Seattle

  • Possession
    • Closing,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi-Family
  • Tax Year
    • 2022
  • Structure Type
    • Multi Family,
  • Tax Amount
    • $42016
  • Year Built
    • 1928
  • Effective Year Built
    • 1928
  • 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 07:29 PM