$980,000

5 Beds 2 Baths 1,570 SQFT 0.07 Acres

Type: Single Family

5242 11th Avenue NE
Seattle, WA 98105

MLS#: 2525586

Presented by: eLink Realty and NWMLS

Property Description

Turnkey Investment Opportunity in the University District! Incredible cash-flow asset featuring an active, hassle-free lease generating $4,750/month through August 2027. This prime property is perfectly situated just blocks from the University of Washington campus, light rail station, parks, and vibrant local dining. The home offers a highly functional layout designed for seamless rental operations, solid historically low vacancy rates, and consistent demand. Boasting an LR2 (M) zoning designation, this lot also holds exceptional long-term underlying land value and future development potential. Sit back and collect strong, predictable rental income from day one in one of Seattle's most resilient rental markets. Buyer to verify all development and zoning capacity to own satisfaction.

Interior Features

Bedrooms

Bedrooms Lower0

Bedrooms Possible5

Bedrooms Upper2

Main Level Bedrooms3

Total Bedrooms5

Bathrooms

3/4 Baths1

Bathrooms1.75

Baths Full Garage0

Baths Full Lower0

Baths Full Main0

Baths Full Upper1

Baths Half Garage0

Baths Half Lower0

Baths Half Main0

Baths Half Upper0

Baths Three Quarter Garage0

Baths Three Quarter Lower0

Baths Three Quarter Main1

Baths Three Quarter Upper0

Half Baths0

Total Baths2

Other Interior Features

Air Conditioning Y/NNo

BasementUnfinished

Fireplace FeaturesGas

Fireplace Y/NNo

FlooringEngineered Hardwood

Heating Y/NYes

Interior AmenitiesWater Heater

Power Production TypeNatural Gas

Total Fireplaces0

Water Heater LocationBasement

Water Heater TypeGas

General

AppliancesDishwasher, Dryer, Refrigerator, Stove(s)/Range(s), Washer

Attached Garage No

Building Area Units0 sqft

Building NamePettit's University Addition

Carport Y/NNo

CitySeattle

CoolingNone

CountyKing

DirectionsFrom NE 50th St. turn north onto 11th Ave NE.

Entry LocationMain

Facing DirectionWest

Full Baths1

HOANo

HOA Fee$0

HeatingForced Air

High School DistrictSeattle

Land Lease Y/NNo

LevelsTwo

Listing TermsCash, Conventional, FHA

Living Area1,570 sqft

Lot Size Square Feet3,000 sqft

Lot Size UnitsSquare Feet

MLS Area710 - North Seattle

NWM_ShowMapLinkY

New ConstructionNo

PossessionClosing, Subject To Tenant Rights

Property Style12 - 2 Story

Property SubtypeSingle Family Residence

Property TypeResidential

Public RemarksTurnkey Investment Opportunity in the University District! Incredible cash-flow asset featuring an active, hassle-free lease generating $4, 750/month through August 2027. This prime property is perfect

RoofComposition

Senior Community Y/NNo

SewerSewer Connected

Special Listing ConditionsNone

Standard StatusActive

StatusActive

Structure TypeHouse

Subdivision NameUniversity District

Tax Annual Amount$9,726

Tax Year2026

TopographyLevel, Partial Slope, Terraces

Total Actual Rent4750

Water CompanyCity of Seattle

Year Built1908

Exterior

Building Area Total1,880 sqft

Covered Spaces0

Exterior AmenitiesWood Products

Foundation DetailsPoured Concrete

InclusionsDishwasher(s), Dryer(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)

Irrigation Water Rights Y/NNo

Lot Dimensions30' X 100'

Lot Number34

Lot Size Acres0.0689

Parking FeaturesOff Street

Parking Uncovered Total1

Total Parking1

Water SourcePublic

Waterfront Y/NNo

Additional Details

Price History

Schools

High School N/A

Elementary School N/A

Middle School N/A

Similar Properties

$980,000

5 Beds 2 Baths 1,570 SQFT 0.07 Acres

Type: Single Family

5242 11th Avenue NE
Seattle, WA 98105

MLS#: 2525586

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Property

$980,000

5242 11th Avenue NE
Seattle, WA 98105

Property Description

Interior Features

Bedrooms

Bathrooms

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$980,000

5242 11th Avenue NE
Seattle, WA 98105

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Property

$980,000

5242 11th Avenue NESeattle, WA 98105

Property Description

Interior Features

Bedrooms

Bathrooms

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$980,000

5242 11th Avenue NESeattle, WA 98105

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5242 11th Avenue NE
Seattle, WA 98105

5242 11th Avenue NE
Seattle, WA 98105