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Listed by:Kidder Mathews • Max Frame

$3,300,000

Est. payment - /mo

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3 Beds

2 Baths

9,999 SqFt

Active

4001 NE 50th ST Seattle, WA 98105

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Henry Jamerson

[email protected] +1(206) 839-6096

UPDATED:

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 Laurelhurst

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 710 - North 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/

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Amenities & Attractions

Restaurants

Home Services

Health & Medical

Local Services

Shopping

Recreation

Arts & Entertainment

Food

Beauty

Event Planning & Services

Automotive

Religious Organizations

Financial Services

Professional Services

Travel

Education

Pets

Yummy Cafe

4008 NE 55th St, Seattle, WA 98105

Chinese Phone: 206-528-0570
Rasoie Cuisine of India

3701 NE 45th St, Seattle, WA 98105

Phone: 206-525-6500
Saint Helens Cafe

3600 NE 45th St, Seattle, WA 98105

American (New) Phone: 206-775-7050
Mexican

6023 43rd Ave NE, Seattle, WA 98115

Mexican
Great State Burger

3600 NE 45th St, Seattle, WA 98105

Burgers Phone: 206-775-8990

Educational Environment

Elementary Schools (1)Middle Schools (1)

Name

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