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937-371-5777
eXp Realty
4001 NE 50th Street, Seattle, WA 98105
- $3,300,000
- 9,999
- SqFt
Listing Broker: Kidder Mathews; Max Frame; 360-705-2800; max.frame@kidder.com
- List Price
- $3,300,000
- Status
- ACTIVE
- MLS#
- 2595724
- Days on Market
- 0
- Style
- 56 - 10+ Units
- Finished SqFt
- 9,999
- Area Total SqFt
- 9999
- Annual Tax Ammount
- 34874
- Lot Size (sq ft)
- 11,504
- Sewer
- Sewer Connected
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.
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Additional Information
- List Date
- 2026-10-17 19:58:12
- Community
- Montlake
- Net Operating Income
- $195,052
- Gross Adjusted Income
- $305,528
- Gross Scheduled Income
- $316,662
- Total Monthly Income
- $25,466
- Insurance Expenses
- $9,825
- Water/Sewer/Garbage Expenses
- $8,359
- Gross Rent Multiplier
- 16.9
- Total Expenses
- $121,611
- Cap Rate
- 5.91
- Vacancy Rate
- 5
- Total Number of Units
- 2
- Unit Name
- 4001
- Potential Terms
- Cash, Conventional
- Year Built
- 1961
- Roof
- Flat
- Electric Expenses
- 8358
- Other Expenses
- 51837
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $25,466
- Gross Scheduled Income
- $316,662
- Vacancy Rate
- 5
- Gross Adjusted Income
- $305,528
- Tax Year
- 2026
- Insurance Expense
- $9,825
- W/S/G Expenses
- $8,359
- Total Expenses
- $121,611
- Net Operating Income
- $195,052
- Gross Rent Multiplier
- 16.9
- Cap Rate
- 5.91
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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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