709 NE 43rd Street, Seattle, WA 98105
- $995,000
- 1,730
- SqFt
Listing courtesy of John L. Scott, Inc.
- List Price
- $995,000
- Status
- ACTIVE
- MLS#
- 2567345
- Days on Market
- 12
- Style
- 54 - 4-Plex
- Finished SqFt
- 1,730
- Lot Size (sq ft)
- 2,500
Property Description
With an ideal location just steps from the University of Washington, the property is situated on a 2,500-square-foot parcel with Mid-Rise (MR M1) zoning. As a result, investors have a rare opportunity to acquire an exceptionally well-positioned multifamily asset in one of Seattle’s most desirable and supply-constrained rental markets. The property features a diverse unit mix consisting of studio and two-bedroom residences averaging 518 square feet, appealing to a broad tenant base. A prime location within walking distance of UW provides a consistent demand driver and strong long-term rental fundamentals. Significant capital improvements have already been completed, including a roof replacement within the last four years, upgraded Square D electrical panels, and full copper plumbing, helping reduce near-term capital expenditure requirements for a new owner. Further enhancing the investment appeal, the property boasts a Walk Score of 93 (“Walker’s Paradise”), an 83 Bike Score, and an 82 Transit Score, offering exceptional connectivity throughout Seattle. Investors also have the unique opportunity to acquire an additional fourplex located directly across the street at 710 NE 43rd Street, creating an immediate avenue for portfolio expansion & operational efficiencies within the same submarket.
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Additional Information
- List Date
- 2026-08-11 23:13:15
- Community
- University District
- Potential Terms
- Cash, Conventional
- Year Built
- 1908
- Roof
- Composition
- School District
- Seattle
- Total Monthly Income
- $5,807
- Gross Scheduled Income
- $66,482
- Vacancy Rate
- 5
- Gross Adjusted Income
- $60,819
- Tax Year
- 2026
- Insurance Expense
- $2,600
- W/S/G Expenses
- $8,782
- Total Expenses
- $24,596
- Net Operating Income
- $41,886
- Gross Rent Multiplier
- 14.96
- Cap Rate
- 4.2
Mortgage Calculator
Based on information submitted to the MLS GRID as of . 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.