Seattle, WA 98105 5101 Ravenna Avenue NE
$2,250,000
7 more
Presented By: Lee & Associates Commercial RE and NWMLS
- MLS# 2416232
- 08/02/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 4,800
Home Details
Ravenna Terrace, a 7-unit building ideally situated near work, school & play, Ravenna Terrace features an attractive mix of 6 2-bed & 1 1-bed units. These mid-century floorplans average in size of 686sf & have received updates to cabinetry, counters & appliances on turns. Ownership has replaced all the windows with double pane units & the roof has received a recoat in last 2 yrs. With nearby economic drivers including Seattle Children’s, U-Village and UW Hospital as well as UW. Investors will benefit from a diverse tenant pool. A well cared for asset, Ravenna Terrace presents an attractive opportunity to realize upside from current below market rents as well as additional lift through unit upgrades.
Presented By: Lee & Associates Commercial RE and NWMLS
Interior Features for 5101 Ravenna Avenue NE
Bedrooms
Bedrooms Possible0
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringHardwood, Laminate, Softwood, Vinyl Plank
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories2
General for 5101 Ravenna Avenue NE
AmenitiesCoin Op Laundry
Building Area UnitsSquare Feet
Cap Rate4.24
Carport Spaces
Carport Y/NNo
CitySeattle
CoolingNone
CountyKing
DirectionsHead north on Ravenna Ave NE property on right at corner of 51st St
Electric Expense
Fuel Expense
HOANo
HOA Fee$
HeatingBaseboard
High School DistrictSeattle
Insurance Expense3840
Leasable Area4800
Listing TermsCash Out, Conventional
Living Area UnitsSquare Feet
Lot Size Square Feet500
Lot Size UnitsSquare Feet
MLS Area710 – North Seattle
ModificationTimestamp2025-08-04T15:49:11.495Z
NWM_ShowMapLinkY
Net Operating Income95395
New ConstructionNo
Number Of Units Total7
Open Parking Spaces0
PossessionClosing
Property Style55 – 5-9 Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksRavenna 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
RoofFlat
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameRavenna
Tax Annual Amount15389
Tax Year2025
Units Below Gradefalse
Units In Building Total7
ViewCity
Water Sewer Garbage9982
Year Built1956
Exterior for 5101 Ravenna Avenue NE
Building Area Total4800
Covered Spaces
Exterior AmenitiesBrick
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesSidewalk
Lot Size Acres0.0115
Parking Uncovered Spaces0
Total Parking0
Water SourceCommunity
Waterfront Y/NNo
Additional Details
Price History
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