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About the Listing 5330 - 87940,61646
Turnkey four-unit investment opportunity in Seattle’s sought-after Ravenna neighborhood, offering strong in-place income, tenant appeal, and future redevelopment upside. This rare “Rambler style” features four corner units with identical floor plans in a single-level building, creating efficient management, broad rental appeal, and long-term flexibility. Located on a quiet residential street with easy access to the University of Washington, downtown Seattle, Ballard, and I-5, this property sits in one of North Seattle’s most desirable rental corridors. Three units feature brand-new kitchens and bathrooms, while restored original wood floors and added LVP flooring enhance durability and appeal. Each unit includes a private garden entry, with shared laundry and 4+ parking spaces, adding convenience for tenants. Set on a 4,460 SF lot with L3(M) zoning and upzoned potential for additional units, this asset offers both immediate income and future upside. Preferred lender financing on the investment, not your W-2's - 25% down 5/6 ARM interest only giving you $757/mo positive cashflow - naturally subject to change based on rates.
Listing Highlights
Status
Active
Days on Site
72
Property Type
Multi-Family
MLS ®
2506572
Year Built
1926
Total Square Footage
2,900
Lot/Acreage
0.11
Interior Details
- Bedrooms: 8
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating: Forced Air,Wall Furnace
- Fireplaces: 0
- Floor: Engineered Hardwood,Hardwood,Vinyl Plank
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Seattle
Exterior Details
- Lot Description: Paved,Cable TV,High Speed Internet,Zoning: Multi-Family,Residential
- Garage Capacity: N/A
- Parking Spaces: 5
- Zoning: Multi-Family,Residential
- Roof: Torch Down
- Others: Cement/Concrete,Updated/Remodeled
- Sewer: Seattle
Financial Details
- Tax Amount: $8,052
- Taxes w/Assessments: N/A
- Tax/Property ID: 5101400458
- Tax Year: 2025
Payment Calculator
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Questions About..
2110 NE 85th St Seattle, WA 98115
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