Ravenna Terrace, a 7-unit building ideally situated near work, school & play, Ravenna Terrace features an attractive mix of 6 2-bed & 1 1-bed units. These mid-century floorplans average in size of 686sf & have received updates to cabinetry, counters & appliances on turns. Ownership has replaced all the windows with double pane units & the roof has received a recoat in last 2 yrs. With nearby economic drivers including Seattle Children's, U-Village and UW Hospital as well as UW. Investors will benefit from a diverse tenant pool. A well cared for asset, Ravenna Terrace presents an attractive opportunity to realize upside from current below market rents as well as additional lift through unit upgrades.
Active
Listed by:
Daniel Lim,
Lee & Associates Commercial RE,
Candice Chevaillier,
Lee & Associates Commercial RE
$2,250,000
5101 Ravenna Avenue NE, Seattle, WA 98105
12beds
7baths
4,800sqft
Est.:
Multi Family
Built in 1956
-- sqft lot
$-- Zestimate®
$469/sqft
$-- HOA
What's special
- 28 days
- on Zillow |
- 562 |
- 19 |
Zillow last checked: 7 hours ago
Listing updated: April 10, 2025 at 09:14am
Listed by:
Daniel Lim,
Lee & Associates Commercial RE,
Candice Chevaillier,
Lee & Associates Commercial RE
Source: NWMLS,MLS#: 2357939

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 7
Heating
- Baseboard
Cooling
- None
Features
- Flooring: Softwood, Hardwood, Laminate, Vinyl Plank, Fir/Softwood
- Has fireplace: No
Interior area
- Total structure area: 4,800
- Total interior livable area: 4,800 sqft
Video & virtual tour
Property
Features
- Has view: Yes
- View description: City
Lot
- Size: 500.94 Square Feet
- Features: Sidewalk
Details
- Parcel number: 7174800635
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Poured Concrete
- Roof: Flat
Condition
- Year built: 1956
- Major remodel year: 1992
Utilities & green energy
- Sewer: Sewer Connected
- Water: Community
Community & HOA
Community
- Subdivision: Ravenna
Location
- Region: Seattle
Financial & listing details
- Price per square foot: $469/sqft
- Annual tax amount: $15,389
- Date on market: 4/9/2025
- Listing terms: Cash Out,Conventional
- Cumulative days on market: 29 days
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