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U District Townhome Development

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Executive Summary

The U District Townhome Site is located at 4741 18th Ave NE in the University District, and is an entitled development site with plans for 5 townhome units offering a combined 36 rentable bedrooms. This offering provides buyers the opportunity to purchase the property free and clear of existing debt. This offering is priced at $1,600,000.

Site Details

Address
4741 18th Ave NE, Seattle
Neighborhood
University District
Major Street Exposure
40 ft along 18th Ave NE
Parcel No.
882390-1735
Site Size
4,320 Land SF
Zoning
LR3 (M)

Development Details

Architect
grouparchitect
Building
Type VB
Height
4 Stories + Basement
Net Rentable SF
8,009 SF
No. of Units
5 Townhome Units
No. of Bedrooms
36 Bedrooms

Opportunity

Ready to Build

  • Entitled with plans in place
  • Permit approved pending MHA fee
  • Existing structure already demo’d

Thoughtful Design

  • Simple & cost-effective construction
  • Flexibility to rent to individuals or groups
  • Efficient unit and bedroom layouts

Forever Location

  • Highly walkable: 5 min to UW campus, 10 min to light rail
  • Surrounded by countless amenities
  • Desirable location north of campus

Ready to Build

Thoughtful Design

Forever Location

Location

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U District Townhome Development

4741 18th Ave NE
Seattle, WA 98105
Units: 36 Bedrooms
Price: $1,600,000

About the Area

The University District is experiencing a renaissance: the University of Washington’s exponential growth over the past decade — particularly in the engineering, computer science, and life sciences fields — attracts top minds to the University and to the area.

The neighborhood is reaping the benefits of the University’s growth. Recently approved upzoning will increase density in the area, while a new light rail station will cut commutes in half. The U District has long been a beloved haunt for students in search of books, coffee, and food, and in the next five to ten years it will continue evolving into the city’s next tech hot spot.

51,535

Population (1 Mile)

24

Median Age (1 Mile)

$99,037

Avg Household Income (1 Mile)

70%

Renter-Occupied Units (1 Mile)

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Exclusive Listing Brokers

Kidder Mathews is the exclusive Listing Brokerage for this Offering. Dylan Simon, Jerrid Anderson, and Matt Laird are exclusively representing the Seller in the sale of the University District Townhome Development Site.

Direct: 206.414.8575

       
       

Direct: 425.736.5516