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Listing Firm: Lee & Associates Commercial RE: Daniel Lim

Active
NWMLS # 2357939

5101 Ravenna Avenue NE, Seattle, WA 98105

Listings with the three tree icon are courtesy of NWMLS

About This Property

Ravenna Terrace, a 7-unit building ideally situated near work, school & play, Ravenna Terrace features an attractive mix of 6 2-bed & 1 1-bed units. These mid-century floorplans average in size of 686sf & have received updates to cabinetry, counters & appliances on turns. Ownership has replaced all the windows with double pane units & the roof has received a recoat in last 2 yrs. With nearby economic drivers including Seattle Children's, U-Village and UW Hospital as well as UW. Investors will benefit from a diverse tenant pool. A well cared for asset, Ravenna Terrace presents an attractive opportunity to realize upside from current below market rents as well as additional lift through unit upgrades.

Aris360 Last Checked: 5 Minutes Ago (May 31, 2025 07:48 PM)

  • Source: NWMLS as Distributed by MLS Grid #2357939

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

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

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$3,847 per month
Principal & Interest
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Property Taxes

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Property Features

  • County
    • Ravenna
  • Community
    • 710 - North Seattle
  • MLS Area
    • 710 - North Seattle
  • Longitude
    • -122.303757
  • Latitude
    • 47.665869
  • Directions
    • Head north on Ravenna Ave NE property on right at corner of 51st St

  • Interior
    • Fir/Softwood
    • Hardwood
    • Laminate
  • Floors
    • Softwood
    • Hardwood
    • Laminate
    • Vinyl Plank
  • Power Production Type
    • Electric

  • Stories
    • 2
  • Style
    • 55 - 5-9 Units
  • Lot Description
    • Sidewalk,
  • Foundation
    • Poured Concrete,
  • Elevation
    • Feet
  • Water Source
    • Community,
  • Exterior
    • Brick
  • Roof
    • Flat,
  • Septic or Sewer
    • Sewer Connected,
  • Building Total Area (Sq. Ft.)
    • 500
  • Has View
    • Yes
  • View Description
    • City,

  • High School District
    • Seattle

  • Possession
    • Closing,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi Family
  • Tax Year
    • 2025
  • Structure Type
    • Multi Family,
  • Tax Amount
    • $15389
  • Year Built
    • 1956
  • Effective Year Built
    • 1992
  • Status
    • Active

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Disclaimer: Based on information submitted to the MLS GRID as of Sat May 31 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.

May 31, 2025 07:48 PM