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
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Arielle Albinger

Arielle Albinger

+1(425) 829-2792
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 Montlake

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 390 - Central 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)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Nearby Locations

Arielle Albinger

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(425) 829-2792

soldbyarielle@gmail.com

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Arielle Albinger, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

4001 NE 50th ST