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5242 11 Avenue NE, Seattle, WA, 98105

5beds
2baths
1,880sqft
$980,000
$521price/sqft
$6,123/moest. monthly cost
$244,920/yrincome needed

About This Home

Turnkey Investment Opportunity in the University District! Incredible cash-flow asset featuring an active, hassle-free lease generating $4,750/month through August 2027. This prime property is perfectly situated just blocks from the University of Washington campus, light rail station, parks, and vibrant local dining. The home offers a highly functional layout designed for seamless rental operations, solid historically low vacancy rates, and consistent demand. Boasting an LR2 (M) zoning designation, this lot also holds exceptional long-term underlying land value and future development potential. Sit back and collect strong, predictable rental income from day one in one of Seattle's most resilient rental markets. Buyer to verify all development and zoning capacity to own satisfaction.

Getting Around

98
WalkingWalker's Paradise
81
TransitExcellent Transit
98
BikeBiker's Paradise

Schools

7/10
10/10
Lincoln High SchoolGrades 9-121.2 mi

Construction

Condition

  • Year built: 1908

Materials

  • Foundation: Poured Concrete
  • Roof: Composition
  • Construction materials: Wood Products

Type & Style

  • Home type: SingleFamily
  • Architectural style: 2 Story
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Refrigerator,Stove(s)/Range(s),Washer,Dishwasher(s),Dryer(s),Refrigerator(s),Washer(s),Water Heater: Gas,Water Heater Location: Basement

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bathroom Full

  • Level: Second

Bathroom Three Quarter

  • Level: Main

Bedroom

  • Level: Second

Bedroom

  • Level: Second

Bedroom

  • Level: Main

Bedroom

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 1
  • 3/4 bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 3

Den Office

  • Level: Main

Dining Room

  • Level: Main

Entry Hall

  • Level: Main

Family Room

  • Level: Main

Features

  • Flooring: Engineered Hardwood
  • Fireplace features: Gas

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: None

Interior Area

  • Total structure area: 1,880
  • Total interior livable area: 1,880 sqft

Kitchen With Eating Space

  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Level: Main

Property

Details

  • Parcel number: 674670060500
  • Zoning: LR2
  • Zoning description: Jurisdiction: City
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Entry location: Main
  • Patio & porch: Water Heater
  • Topography of land: Level,Partial Slope,Terraces

Lot

  • Lot size: 3,001 sqft
  • Lot size dimensions: 30' x 100'

Parking

  • Total spaces: 1
  • Parking features: Off Street
  • Uncovered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Earthquake
Heat Wave

FEMA Declared Disasters in King County and Washington

Fire
Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,955$59,460
Home Insurance *$174$2,088
Property Taxes $845$10,140
Electricity $149$1,793
Total$6,123$73,476
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$209,931/yr
40% on housing$183,690/yr
45% on housing$163,280/yr

Washington FAIR Plan Programs

Washington FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 306Commercial: 55
Total Premiums$858,000
Total Exposure$176.33M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.9%
8.9%
0%30.0%
Electricity Growth Rate10-year average: 3.0%
3.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.7%
1.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$521This listing

vs Other Active Listings

Avg $/sqft

ZIP 98105$504
King County$442

vs Homes Sold Last Month

Median $/sqft

ZIP 98105$561
King County$485

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-18Listed for sale$980,000
2025-06-14Listing removed$4,600
2025-06-05Listed for rent$4,600
2024-07-06Listing removed--
2024-06-20Price change$4,750
2024-06-01Listed for rent$5,000
2023-07-20Listing removed--
2023-07-17Price change$2,100
2023-07-14Listed for rent$4,950
2023-07-13Listing removed--
2023-07-05Listed for rent$2,050
2023-05-16Sold$930,000
2023-04-02Pending sale$949,900
2023-02-09Listed for sale$949,900
2021-03-24Listing removed--
2015-06-05Listing removed$2,000
2015-05-25Listed for rent$2,000
2015-01-30Sold$530,000
2014-12-03Price change$539,000
2014-10-16Price change$569,000
2014-09-03Listed for sale$599,990
2014-04-01Listing removed$529,000
2013-09-19Listed for sale$529,000
2007-11-09Sold$435,000
2001-08-24Sold$322,200
1997-11-24Sold$192,500

For Sale by Agent

AgentGang Yang
BrokerageeLink Realty

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