4001 NE 50th ST, Seattle, WA 98105
4001 NE 50th ST, Seattle, WA 98105
4001 NE 50th ST, Seattle, WA 98105
4001 NE 50th ST, Seattle, WA 98105
4001 NE 50th ST, Seattle, WA 98105
4001 NE 50th ST, Seattle, WA 98105
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MaLisa Westlund

MaLisa Westlund

+1(253) 753-0373
Listed by:Kidder Mathews • Max Frame
$ 3,300,000
Est. payment | /mo

3 Beds

2 Baths

9,999 SqFt

Save Virtual Tour
$ 3,300,000
Est. payment | /mo
Save Virtual Tour

3 Beds

2 Baths

9,999 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,999 sqft

Price per Sqft $330

Subdivision Laurelhurst

MLS Listing ID 2595724

Style 56 - 10+ Units

Bedrooms 3

Year Built 1961

Annual Tax Amount $34,874

Lot Size 0.264 Acres

Lot Dimensions 11504

Property Sub-Type Multi Family

Property Description

The John Henry Apartments presents an exceptional investment opportunity in Seattle's highly desirable Laurelhurst neighborhood. Located at 4001 NE 50th Street, this well-maintained, 14-unit apartment community offers convenient access to Seattle Children's Hospital, University Village, and the University of Washington. Built in 1961, the property features a desirable unit mix of nine one-bedroom and five two-bedroom apartments, averaging approximately 714 square feet. Property amenities include 14 off-street parking stalls, 14 individual tenant storage units, shared laundry facilities, and private patios in select units. Recent improvements include a new roof installed in 2019, double-pane vinyl windows, and updated LVP flooring in most units. Spacious floor plans and thoughtful updates enhance the property's appeal. Offered at $3,300,000, or approximately $236,000 per unit, The John Henry provides investors with strong in-place cash flow at a 5.9% cap rate, along with additional rental upside. Available for the first time in over 20 years, this is a rare opportunity to acquire a well-located multifamily asset in one of Seattle's premier residential neighborhoods.

Location

State WA

County King

Area 710 - North Seattle

Interior

Fireplace false

Exterior

Exterior Feature Brick, Stucco

View Y/N No

Roof Type Flat

Building

Sewer Sewer Connected

New Construction No

Schools

School District Seattle

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://simonandersonteam.com/listings/john-henry/

Northwest MLS (NWMLS)
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Nearby Locations

MaLisa Westlund
MaLisa Westlund

Broker Associate License ID: 154670

+1(253) 753-0373 | malisawestlund@hawkinspoe.com

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4001 NE 50th ST