Listing provided courtesy of John L. Scott, Inc.NWMLSas Distributed by MLSGrid- MLS# NWM2468974MLS Provider

4019 4th Avenue NESeattle, WA 98105

Multi-Family · 6 Beds · 3,930 Sq. ft. | 0.09 Acres
$2,069,950 Active

4019 4th Avenue NE Overview

Visits:
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Prime investment opportunity in Seattle’s Wallingford Neighborhood, close to the University of Washington! Newly constructed duplex with 5% CAP rate + more units possible with new zoning laws. This is a rare offering of a high-quality modern building design with high-end finishes in a great location. Enjoy sweeping Ship Canal, Lake Union, & city views from a massive rooftop deck. Large upper 2-level Penthouse unit that's larger than most Seattle homes (2,620 SF) w/4Br/3.5BA Light-filled interiors, high ceilings, hardwood floors, & an envious chef’s kitchen with Bertazzoni gas range, quartz counters, eating bar, & walk-in pantry. Main floor guest bedroom & lavish 3/4 bath with heated floors + extra-large all glass walk-in shower. Primary suite with spa-like 7-piece bath (double sinks, walk-in glass enclosure mutli-head rain shower & dreamy separate free standing soaking tub), heated floors, dual walk-in closets and serene vistas. Bow window design outlining views in living room and 2nd bedroom with double closets. 2nd unit is 1-level 2Br/1.75Bth unit. Versatile short or long-term rental income potential, boosting returns & flexibility. Close to dining, shops, parks (Gas Works), Burke Gilman, & transit, blending lifestyle appeal w/solid cash flow. Rare chance to own a turnkey, income-producing asset in a vibrant Seattle neighborhood! 82 Walkscore/81 Bikescore. Easy access to UW, Children's, downtown, SLU, I-5, & Hwy 99. Includes EV charger & tandem 2 prkg.

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4019 4th Avenue NE Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,930
  • Price/Sq.ft. $527
  • Lot 0.09 Acres

Details

General

Association/HOA

  • Association Fee: $1,200.00
  • Association Fee Frequency: Monthly

School Information

  • School District: Seattle

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 750
  • Fuel Expense: 650
  • Gross Scheduled Income: 130680
  • Insurance Expense: 1250
  • Net Operating Income: 106455
  • Total Expenses: 24225
  • Total Monthly Income: 10890
  • Water/Sewer/Garbage: 2200

Building Information

  • New Construction: Yes
  • Year Built: 2025

Location/Region

  • Country: US
  • County Or Parish: King
  • MLS Area Major: 705 - Ballard/Greenlake
  • Subdivision Name: Wallingford

Tax Information

  • Tax Annual Amount: $19,375.00
  • Tax Year: 2025

General Information

  • New Construction: Completed
  • Listing Terms: Cash, Conventional
  • Parcel Number: 2617790020
  • Possible Use: Multi-Family,Residential
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 0

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 3930
  • Building Area Units: Square Feet
  • Calculated Square Footage: 3930
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: Yes
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Ceramic Tile, Engineered Hardwood
  • Foundation Details: Poured Concrete
  • Heating: Yes
  • Leasable Area: 3930
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric,Natural Gas
  • Security Features: Fully Fenced
  • Stories Total: 3

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 4
  • Parking Uncovered Total: 4

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Curbs, Paved
  • Lot Size Square Feet: 4000
  • Lot Size Units: Square Feet
  • Site Features: Fenced-Fully, High Speed Internet, Rooftop Deck
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Roof: Flat
  • Structure Type: Duplex

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: Cement/Concrete, Wood
  • Number Of Units Total: 2
  • Sewer: Sewer Connected

Unit Information

Unit 1 Details

  • Actual Rent: 3895
  • Beds Total: 2
  • Baths Total: 2

Unit 2 Details

  • Actual Rent: 6995
  • Beds Total: 4
  • Baths Total: 3

4019 4th Avenue NE Neighborhood

Community

98105 (Seattle) Demographics

24
Median Age
8,067
Population Density (per sq. mile)
81%
College Educated
$67,449
Estimated Median Income
5,615
Estimated Total Home Owners
11,717
Estimated Total Renters
32% / 68%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

4019 4th Avenue NE Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

4019 4th Avenue NE Market Data

Based on the last 30 days in this zip code

$1,699,848
Average List Price
$762
Average Price per Square Foot
21
Properties Sold
59
Average Days on Market
126
Properties for Sale
Calculations provided by Reliance Network

4019 4th Avenue NE History

Date Event Value Agent
5/30/2026Source: NWMLS Price Reduction
$2,069,950 -3.7%
1/15/2026Source: NWMLS Added to Database
January 15, 2026
6/20/2022Source: NWMLS Added to Database
June 01, 2021