5003 15th Avenue Northeast

Seattle, WA 98105

$5,100,000
Price
13
Beds
23
Baths
16,848 Sq. Ft.
$303 / Sq. Ft.
16,848
Sq. Ft.
$303
per Sq. Ft.
a view of a car parked in front of a building
a front view of a building
a car parked in front of a building
a view of a building
a car parked in front of a building
a view of a hallway with wooden floor and a bathroom
a view of a hallway with wooden floor and closet area
a view of a room with window
a view of an empty room with wooden floor and a window
a kitchen with a sink stove and a refrigerator
a kitchen with a refrigerator and a stove
a view of a room with a wooden table and chairs
a view of utility room
a white toilet sitting next to a bathroom sink
a view of a room with wooden floor and bathroom
a view of a bedroom
a white refrigerator freezer and a stove sitting inside of a kitchen
a bathroom with a sink and a washing machine
a bathroom with a sink a toilet and shower
an empty room with wooden floor and windows
a view of walk in closet with empty racks
Listing provided courtesy of Lee & Associates Commercial RE

Description

The Davison is timeless, well-maintained pride of ownership building in the heart of the Seattle’s University District neighborhood and walking distance to the University of Washington. It features spacious units averaging 670 sf per unit with a unit mix of 10 studios and 13 1-bedrooms (buyer to verify). Units feature elegant crown molding, oak hardwood floors and vintage penny tile. Most units feature newer kitchen cabinets and granite countertops as well as vanities. The building also features...The Davison is timeless, well-maintained pride of ownership building in the heart of the Seattle’s University District neighborhood and walking distance to the University of Washington. It features spacious units averaging 670 sf per unit with a unit mix of 10 studios and 13 1-bedrooms (buyer to verify). Units feature elegant crown molding, oak hardwood floors and vintage penny tile. Most units feature newer kitchen cabinets and granite countertops as well as vanities. The building also features six secure garage spaces with access off the alley. Sitting on an 8,220 sf LR3 zoned corner lot, the Davison is a handsome opportunity to realize significant rental upside in one of Seattle’s most sought-after and well supported rental markets
  1. Listed by Daniel Lim • Lee & Associates Commercial RE
  2. Listed by Candice Chevaillier • Lee & Associates Commercial RE

Property Details for 5003 15th Avenue Northeast

Community Name
University District
School District
Seattle
Number of Assigned Spaces
5
Total Covered Parking
5
Entry Date
09-23-2024
Energy Source
Electric,Natural Gas
Sewer
Sewer Connected
LISTING UPDATED: 11/13/2024 12:13 PM

Property Details for 5003 15th Avenue Northeast

StatusActive
MLS #2294091
Days on Market98
Cumulative Days on Market295
Taxes$56,078 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1926
Lot Size0.19 AC / 8,220 SF
CountyKing County

Building Information for 5003 15th Avenue Northeast

Stories3Residences23Year Built1926Building Size-Lot Size0.19 AC / 8,220 SF

Property Information for 5003 15th Avenue Northeast

Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Area: 710 - North Seattle
  • Effective Year Built Source: Public Records
  • Directions: Heading East on 50th St, building on the left on the corner of 15th Ave NE
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2024
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 0.0
  • Open Parking: No
Virtual Tour
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
  • Bedrooms Possible: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Ceramic Tile, Hardwood, Laminate
  • Features: Ceramic Tile, Hardwood, Laminate
  • Amenities: Basement,Coin Op Laundry,Storage,Thermal Windows
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard
Exterior Features
  • Exterior: Brick
  • Roof: Flat
Property
Utilities
  • Water/Sewer/Garbage: 30068
  • Power Production Type: Electric, Natural Gas
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • First Right Of Refusal: false
  • MLS Square Footage Source: Public records
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1926
  • Photos Count: 22
Lot Information
  • Lot Details: Corner Lot, Secluded, Sidewalk
  • Lot Size Source: County
  • Parcel Number Free Text: 8816400420
  • Calculated Square Footage: 16848
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 16848.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
  • Green Energy Efficient: Thermal Windows
Multi Family
Building Details
  • Number of Uncovered Spaces: 0
  • Number of Stories in Building: 3
  • Vacancy Rate: 5
  • Number Of Units Total: 23
  • Units Below Grade: true
  • Units In Building Total: 23
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 150674
  • Gross Adjusted Income: 378540
  • Gross Rent Multiplier: 13
  • Gross Scheduled Income: $399,060
  • Insurance Expense: $12,251
  • Net Operating Income: $235,085
  • Other Expenses: $52,277
  • Total Monthly Income: 33185
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: A
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: false
  • Square Feet Unit 1: 800
  • Rent Unit 1: $1,500.00
  • Bedrooms Unit 1: 1
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: B
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: false
  • Square Feet Unit 2: 500
  • Rent Unit 2: $1,200.00
  • Bedrooms Unit 2: 0
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: C
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: false
  • Square Feet Unit 3: 500
  • Rent Unit 3: $1,100.00
  • Bedrooms Unit 3: 0
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: D
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Square Feet Unit 4: 500
  • Rent Unit 4: $1,100.00
  • Bedrooms Unit 4: 0
  • Bathrooms Unit 4: 1
Unit 5
  • Name Unit 5: E
  • Range/Oven Unit 5: true
  • Refrigerator Unit 5: true
  • Square Feet Unit 5: 500
  • Rent Unit 5: $1,250.00
  • Bedrooms Unit 5: 0
  • Bathrooms Unit 5: 1
Unit 6
  • Name Unit 6: 101
  • Range/Oven Unit 6: true
  • Refrigerator Unit 6: true
  • Square Feet Unit 6: 800
  • Rent Unit 6: $1,600.00
  • Bedrooms Unit 6: 1
  • Bathrooms Unit 6: 1
Unit 7
  • Name Unit 7: 102
  • Range/Oven Unit 7: true
  • Refrigerator Unit 7: true
  • Square Feet Unit 7: 500
  • Rent Unit 7: $1,300.00
  • Bedrooms Unit 7: 0
  • Bathrooms Unit 7: 1
Unit 8
  • Name Unit 8: 103
  • Range/Oven Unit 8: true
  • Refrigerator Unit 8: true
  • Square Feet Unit 8: 800
  • Rent Unit 8: $1,480.00
  • Bedrooms Unit 8: 1
  • Bathrooms Unit 8: 1
Unit 9
  • Name Unit 9: 104
  • Range/Oven Unit 9: true
  • Refrigerator Unit 9: true
  • Square Feet Unit 9: 800
  • Rent Unit 9: $1,590.00
  • Bedrooms Unit 9: 1
  • Bathrooms Unit 9: 1
Unit 10
  • Name Unit 10: 105
  • Range/Oven Unit 10: true
  • Refrigerator Unit 10: true
  • Square Feet Unit 10: 500
  • Rent Unit 10: $1,300.00
  • Bedrooms Unit 10: 0
  • Bathrooms Unit 10: 1
Unit 11
  • Name Unit 11: 106
  • Range/Oven Unit 11: true
  • Refrigerator Unit 11: true
  • Square Feet Unit 11: 800
  • Rent Unit 11: $1,450.00
  • Bedrooms Unit 11: 1
  • Bathrooms Unit 11: 1
Unit 12
  • Name Unit 12: 201
  • Range/Oven Unit 12: true
  • Refrigerator Unit 12: true
  • Square Feet Unit 12: 800
  • Rent Unit 12: $1,480.00
  • Bedrooms Unit 12: 1
  • Bathrooms Unit 12: 1
Unit 13
  • Name Unit 13: 202
  • Range/Oven Unit 13: true
  • Refrigerator Unit 13: true
  • Square Feet Unit 13: 500
  • Rent Unit 13: $1,400.00
  • Bedrooms Unit 13: 0
  • Bathrooms Unit 13: 1
Unit 14
  • Name Unit 14: 203
  • Range/Oven Unit 14: true
  • Refrigerator Unit 14: true
  • Square Feet Unit 14: 800
  • Rent Unit 14: $1,480.00
  • Bedrooms Unit 14: 1
  • Bathrooms Unit 14: 1
Unit 15
  • Name Unit 15: 204
  • Range/Oven Unit 15: true
  • Refrigerator Unit 15: true
  • Square Feet Unit 15: 800
  • Rent Unit 15: $1,600.00
  • Bedrooms Unit 15: 1
  • Bathrooms Unit 15: 1
Unit 16
  • Name Unit 16: 205
  • Range/Oven Unit 16: true
  • Refrigerator Unit 16: true
  • Square Feet Unit 16: 500
  • Rent Unit 16: $1,200.00
  • Bedrooms Unit 16: 0
  • Bathrooms Unit 16: 1
Unit 17
  • Name Unit 17: 206
  • Range/Oven Unit 17: true
  • Refrigerator Unit 17: true
  • Square Feet Unit 17: 800
  • Rent Unit 17: $1,480.00
  • Bedrooms Unit 17: 1
  • Bathrooms Unit 17: 1
Unit 18
  • Name Unit 18: 301
  • Range/Oven Unit 18: true
  • Refrigerator Unit 18: true
  • Square Feet Unit 18: 800
  • Rent Unit 18: $1,600.00
  • Bedrooms Unit 18: 1
  • Bathrooms Unit 18: 1
Unit 19
  • Name Unit 19: 302
  • Range/Oven Unit 19: true
  • Refrigerator Unit 19: true
  • Square Feet Unit 19: 500
  • Rent Unit 19: $1,450.00
  • Bedrooms Unit 19: 0
  • Bathrooms Unit 19: 1
Unit 20
  • Name Unit 20: 303
  • Range/Oven Unit 20: true
  • Refrigerator Unit 20: true
  • Square Feet Unit 20: 800
  • Rent Unit 20: $1,600.00
  • Bedrooms Unit 20: 1
  • Bathrooms Unit 20: 1
Unit 21
  • Name Unit 21: 304
  • Range/Oven Unit 21: true
  • Refrigerator Unit 21: true
  • Square Feet Unit 21: 800
  • Rent Unit 21: $1,590.00
  • Bedrooms Unit 21: 1
  • Bathrooms Unit 21: 1
Unit 22
  • Name Unit 22: 305
  • Range/Oven Unit 22: true
  • Refrigerator Unit 22: true
  • Square Feet Unit 22: 500
  • Rent Unit 22: $1,400.00
  • Bedrooms Unit 22: 0
  • Bathrooms Unit 22: 1
Unit 23
  • Name Unit 23: 306
  • Range/Oven Unit 23: true
  • Refrigerator Unit 23: true
  • Square Feet Unit 23: 800
  • Rent Unit 23: $1,650.00
  • Bedrooms Unit 23: 1
  • Bathrooms Unit 23: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 15400.0
  • Leasable Area Units: Square Feet

Property History for 5003 15th Avenue Northeast

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5003 15th Avenue Northeast

Taxable ValueLand$2,301,600Additions$3,968,400Total$6,270,000
Tax Record2022$105,859 ($8,822 / month)
Home Facts
Total Finished SqFt16,830 SqFtAbove Ground SqFt16,830 SqFtUnfinished Basement Area1,162 SqFtStories3Lot Size8,220 SqFtStyleMulti-Family Dwelling (2-4)Year Built1926Year Renovated1994ZoningLR3CountyKINGAPN881640-0420

Schools near 5003 15th Avenue Northeast

This home is within Seattle Public Schools.
Rating
School
Type
Grades
Distance
Green Lake Elementary School
Public - PK to 5
Hamilton International Middle School
Public - 6 to 8
Lincoln High School
Public - 9 to 12
McDonald International School
Public - K to 5
Rating
School
Distance
Green Lake Elementary School
PublicPK to 5

Hamilton International Middle School
Public6 to 8

Lincoln High School
Public9 to 12

McDonald International School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 5003 15th Avenue Northeast, Seattle, WA 98105

5003 15th Avenue Northeast is a multi-family home for sale in Seattle, WA 98105. This property was listed for sale on September 23, 2024 by Lee & Associates Commercial RE, it's currently listed at $5,100,000. This listing's school district is Seattle Public Schools. Nearby schools include Green Lake Elementary School, Hamilton International Middle School and Lincoln High School. 5003 15th Avenue Northeast is a 13-bed, 23-bath, 16,848 sqft multi-family home built in 1926.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lee & Associates Commercial RE

Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.