James & Angie Smith

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Listing provided courtesy of Kidder MathewsNWMLSas Distributed by MLSGrid- MLS# NWM2498571MLS Provider

4046 8th Avenue NESeattle, WA 98105

Multi-Family · 0.10 Acres
$3,200,000 Contingent

4046 8th Avenue NE Overview

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U Studios offers a rare investment opportunity in Seattle’s highly desirable U-District, just blocks from the University of Washington, The Ave retail corridor, and the U District light rail station, providing tenants exceptional access to campus, jobs, dining, and entertainment. The property features high-end unit finishes and modern building systems, including an innovative solar thermal energy system that delivers highly efficient heating and hot water. With strong in-place operations generating immediate, reliable cash flow, U Studios presents an ideal 1031 exchange opportunity in a location where few properties match its combination of quality, scale, and performance.

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4046 8th Avenue NE Facts & Features

  • Type Multi-Family
  • Lot 0.10 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Seattle

Green Features

  • Green Energy Generation: Solar

Income/Expenses

  • Other Expense: 68595
  • Electric Expense: 11838
  • Fuel Expense: 11839
  • Gross Scheduled Income: 330720
  • Insurance Expense: 6588
  • Net Operating Income: 180820
  • Total Expenses: 157098
  • Total Monthly Income: 27552
  • Water/Sewer/Garbage: 11838

Building Information

  • New Construction: No
  • Year Built: 2018

Location/Region

  • Country: US
  • County Or Parish: King
  • MLS Area Major: 710 - North Seattle
  • Subdivision Name: University District

Community/Development

  • Amenities: Coin Op Laundry

Tax Information

  • Tax Annual Amount: $46,400.00
  • Tax Year: 2026

General Information

  • Listing Terms: Cash, Conventional
  • Parcel Number: 4092301585
  • Possible Use: Multi-Family
  • Property Condition: Very Good
  • 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: 0
  • Building Area Units: Square Feet
  • Calculated Square Footage: 0
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: Yes
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Laminate
  • Foundation Details: Poured Concrete
  • Heating: Yes
  • Leasable Area: 5701
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Solar PV
  • Stories Total: 4

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 0
  • Parking Uncovered Total: 0

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Curbs
  • Lot Size Dimensions: 4,156
  • Lot Size Square Feet: 4156
  • Lot Size Units: Square Feet
  • Elevation Units: Feet

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Roof: Flat
  • Structure Type: Multi Family

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: Metal/Vinyl
  • Number Of Units Total: 1
  • Sewer: Sewer Connected

Unit Information

Unit 1 Details

  • Actual Rent: 1148
  • Beds Total: 0
  • Baths Total: 1

4046 8th 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.

4046 8th 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.

4046 8th Avenue NE Market Data

Based on the last 30 days in this zip code

$1,697,999
Average List Price
$764
Average Price per Square Foot
23
Properties Sold
60
Average Days on Market
124
Properties for Sale
Calculations provided by Reliance Network

4046 8th Avenue NE History

Date Event Value Agent
4/21/2026Source: NWMLS Status Change
Contingent
3/27/2026Source: NWMLS Added to Database
March 27, 2026