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About the Listing 128 - 149441
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.
Listing Highlights for 4001 NE 50th St
Interior Details
- Bedrooms: 3
- Bathrooms: 2 Full
- Appliances:
- Air Cond:
- Heating: Baseboard
- Fireplaces: 0
- Floor:
- Basement:
- Other:
- Water: SPU
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 15
- Lot Dimensions: 11504
- Roof: Flat
- Others: Brick,Stucco
- Sewer: SPU
- Parking Features: Covered
Financial Details
- Tax Amount: $34,874
- Taxes w/Assessments: N/A
- Tax/Property ID: 1025049113
- Tax Year: 2026
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Monthly Payment
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Listing Location
Questions About..
4001 NE 50th St Seattle, WA 98105
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