- Property Type: multifamily,land
Description
2226 NE 46th St
3 Residential Units | 7,150 SF Lot | LR3 (M) Zoning
Located in Seattle’s Ravenna and University District area, this three-unit residential investment property offers existing rental income and opportunities for future investment or redevelopment.
The approximately 2,600-square-foot triplex sits on a 7,150-square-foot parcel near the University of Washington, UW Medical Center, and University Village.
Property Overview
Originally built in 1906, the triplex contains three residential units with a combination of one-bedroom layouts.
The unit mix includes two one-bedroom, one-bathroom apartments and one apartment with a bedroom, den, and full bathroom.
The building is situated in an established residential setting with mature landscaping and access to nearby neighborhood amenities.
Multifamily Investment and Development Potential
The property is currently identified as LR3 (M) zoned land, making its existing residential use and potential future development options important considerations for prospective buyers.
Investors can evaluate the property for continued rental operations, property improvements, or future residential redevelopment, subject to applicable city requirements.
The combination of existing units, land area, and proximity to the University District offers multiple considerations for a longer term investment strategy.
Convenient Ravenna and University District Location
The property is located near major Northeast Seattle destinations, including the University of Washington campus, UW Medical Center, University Village, and the Burke-Gilman Trail.
Residents benefit from access to nearby shopping, recreation, educational institutions, and major employment centers.
Details
- Building Size (SF): 2,600 SqFt
- Lot Size (Acres or SF): 7,150 SqFt
- Year Built: 1906
- Zoning: LR3 (M)
- Neighborhood: Ravenna / University District