Highly Attractive Seller Financing 3.85%, 20% Down, 5 Years. UW 17th Rooming Houses offers investors a rare opportunity to acquire two adjacent rooming houses in Seattle’s highly desirable U-District/Greek Row location, just a 4-minute walk to the University of Washington campus, 9-minute walk to the U-District Light Rail Station, and 20-minute walk to University Village. The property features a combined 45 bedrooms, 5 kitchens, 11 bathrooms, 11,560 rentable SF, 8,640 SF of land, and 6 parking stalls. With average in-place rents of approximately $719/bed compared to projected market rents of $850/bed, the asset provides clear upside through light interior updates, operational improvements, and potential reconfiguration strategies. New roofs were completed in 2023, with mostly updated plumbing and electrical systems, offering investors a strong foundation in one of Seattle’s most consistent student-housing rental markets.
| MLS # | 2549082 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1909 |
| Days On Site | 52 |
| Listing Provided By | Kidder Mathews | Max Frame |
| SQ Feet | 11,560 |
|---|---|
| Story(s) | 3 |
| Units | 2 |
| Zoning | Multi-Family,Residential |
| Acreage | 0.20 |
| Property | 42489 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98105 |
| Area | 710 North Seattle |
| Community Name | University District |
| Listing VS Median (in University District) | |
Price: $4,500,000 low | high Med: $764,250 sqft: 11,560 low | high Med: 1,100 $ / sqft: $389 low | high Med: $787 On site: 52 low | high Med: 41 | |
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98105 |
| Area | 710 North Seattle |
| Community Name | University District |
| Listing VS Median (in University District) | |
Price: $4,500,000 low | high Med: $764,250 sqft: 11,560 low | high Med: 1,100 $ / sqft: $389 low | high Med: $787 On site: 52 low | high Med: 41 | |
![]() | $4,650,0002249 Ne 46th StreetSeattle, WA 98105 |