- Property Type: multifamily,land
Description
8 Residential Units | 10,300 SF Lot | LR3 (M) Zoning
An established eight-unit multifamily investment opportunity in Seattle’s Ravenna and University District area, combining existing rental income with redevelopment potential.
Located at 2216 and 2218–2220 NE 46th Street, the property includes two residential buildings on a single 10,300-square-foot parcel.
Property Overview
The property consists of a six-unit apartment building at 2216 NE 46th Street and a neighboring duplex at 2218–2220 NE 46th Street.
Together, the buildings provide approximately 6,446 square feet of residential space. Both buildings were originally constructed in 1926.
The offering materials identify effective construction years of 1994 for the six-unit building and 2012 for the duplex.
Existing Income and Investment Opportunity
The eight residential units offer an established multifamily rental use in a desirable Northeast Seattle location.
The property is currently zoned LR3 (M), providing investors with an opportunity to evaluate continued rental operations and potential future residential redevelopment, subject to applicable zoning and development regulations.
Location Near the University of Washington
Situated near the University of Washington, UW Medical Center, University Village, and the Burke-Gilman Trail, the property benefits from convenient access to nearby employment, education, shopping, and recreation.
Its established residential setting and proximity to major neighborhood destinations make the location relevant to both multifamily investors and prospective developers.
Details
- Building Size (SF): 6,446 SqFt
- Lot Size (Acres or SF): 10,300 SqFt
- Year Built: 1926
- Zoning: LR3 (M)
- Property Taxes: $30,589.62