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2251 NE Blakeley St, Seattle, WA 98105

$4,678,487
Last sold 04/04/2025 for $3.82M
—
bed
—
bath
12,387
Sqft ($308/Sqft)

House not for sale

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About 2251 NE Blakeley St

Property type House

Neighborhood

Year built 1987

HOA fee $0/month

Lot size 0.29 Acre

Movoto estimate

Property description

On the market for the first time in 25 years, Trailwood Apartments in conveniently located in Seattle's desirable Ravenna neighborhood steps to the University of Washington and University Village. Constructed in 1987, Trailwood Apartments in comprised of 17 on-bedroom/one-bathroom homes, each boasting a spacious floor plan, a deck or patio, a dishwasher and garbage disposal, multiple closets, and sufficient space for new ownership to install in-unit laundry (buyer to verify). Residents benefit from a total of 18 off-street parking spaces, of which 8 covered, an on-site laundry facility, storage lockers, and large tenant and/or owner storage with bathroom. The property features stucco siding and a pitched composition roof.

Listed by

Listing Agent - Dan Swanson

Listing Office - Kidder Mathews

Source: NWMLS

MLS#2322516 • last updated 1 year ago

Movoto checked NWMLS for data 22 minutes ago

Overview
Cooling/AC	None
Levels/Style	Multi Family
MLS #	2322516
SubType	Multi Family
Type	Residential Income
SqFt	12387
Status	Sold
Lot Size (SqFt)	12534
Lot Size (Acres)	0.2877
Property Tax	42645
Buying Office	ZNonMember-Office-MLS
Year Built	1987
Buying Office Phone	425-820-9200

Interior
Interior Features	Laminate Tile

Exterior
Roof	Composition
# Open Parking Spaces	10
# Carport Spaces	8
# Parking Spaces	18
# Uncovered Spaces	10

Amenities / Utilities
Green Features: Energy Efficient	Thermal Windows
Sewer/ Septic	Sewer Connected
Water	Public
Power Production: Type	Electric
HOA Amenities	Basement, Coin Op Laundry, Storage, Thermal Windows

Location
County	King
Subdivision	Ravenna
Area	710 - North Seattle
Elementary School	Laurelhurst
Middle School	Eckstein Mid
High School District	Seattle
High School	Roosevelt High
APN	9250494025
Directions	The Property Is At The Very End Of NE Blakeley Street.

Multifamily Details
Net Operating Income	180566
Capitalization Rate	4.2
Expense: Insurance	10025
Gross Scheduled Income	326214
Expense: Other	59265
Gross Adjusted Income	309903
Total Expenses	129337
Gross Rent Multiplier	13.2
Nwm_Totalmonthlyincome	27184
Vacancy Rate	5

Lot/ Land Details
Site Features	Fenced-Partially

$4.67M

Range: $4.21M-$5.14M

Last 30 days

Rental est.: $677/month

• Gross rent multiplier: 470.2

Lower your payment with the loan terms that fit you.

Apr 2025
Public Records
Apr 4, 2025 Sold
$3,820,000
Apr 2025
MLS # 2322516
Apr 4, 2025 Sold
$3,820,000 (-11.2%)
Jan 19, 2025 Pending
—
Jan 14, 2025 Listed
$4,300,000

2251 NE Blakeley St
$3.82M
University District
$620K -44% y/y
98105
$999K -16% y/y
Seattle
$679K -15% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
5002 Ravenna Ave Ne, Seattle, WA 98105	$1,040,000	—/—	1,410	0.02
5006 Ravenna Ave Ne, Seattle, WA 98105	$949,000	2/1	1,120	0.03
5010 Ravenna Ave Ne, Seattle, WA 98105	$729,000	1/—	600	0.04
5016 Ravenna Ave Ne, Seattle, WA 98105	$626,000	1/—	590	0.05
5009 22nd Ave Ne, Seattle, WA 98105	$1,127,000	1/1	1,030	0.09
4701 Ravenna Ave Ne, Seattle, WA 98105	$1,396,000	4/2	1,900	0.11
5008 21st Ave Ne, Seattle, WA 98105	$1,574,000	4/3	3,300	0.11
5200 Ravenna Ave Ne, Seattle, WA 98105	$886,000	3/1	930	0.11

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.