Movoto Real Estate
Sold on 03/31/2025

507 22nd Ave, Seattle, WA 98122

  • $2,407,000

    Last sold 03/31/2025 for $2.4M

  • bed

  • bath

  • 3,873

    Sqft ($620/Sqft)

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About 507 22nd Ave

Property type House
Neighborhood
Year built 2018
HOA fee $0/month
Lot size 5,100 Sqft
Movoto estimate
Property description
Junior Apartments, available to the market for the first time, presents an opportunity to own a top-quality multifamily asset in Seattle’s desirable Central District. Built by an experienced homebuilder, the thoughtful unit layouts & high-quality construction make Junior an attractive option for tenants & low-maintenance asset for new ownership. Comprised of 8 one-bedroom units approx 393SF & 2 studios approx 366SF, Junior presents premium compact units preferred by young professionals. Units feature A/C, dishwashers, in-unit laundry & balconies. Additionally, the units on the topfloor each have their own private rooftop deck. Located just a stones-throw away from Swedish Hospital, Seattle University, Capitol Hill & DT Seattle.
Listed by
Listing Agent - Jonathan D. Bye
Listing Office - John L. Scott, Inc
Source: NWMLS mls logo
MLS#2288388 • last updated 1 year ago
Movoto checked NWMLS for data 19 minutes ago
Overview
Heating Ductless
Levels/Style Multi Family
MLS # 2288388
SubType Multi Family
Type Residential Income
SqFt 3873
Status Sold
Lot Size (SqFt) 5100
Lot Size (Acres) 0.1171
Property Tax 24204
Buying Office ZNonMember-Office-MLS
Year Built 2018
Buying Office Phone 425-820-9200
Condition Very Good
Interior
Interior Features Ceramic Tile
Exterior
Roof Flat
# Open Parking Spaces 7
# Parking Spaces 7
# Uncovered Spaces 7
Amenities / Utilities
Sewer/ Septic Sewer Connected, Seattle Public Utilities
Water Public
Water Company Seattle Public Utilities
Power Company Seattle City Light
Power Production: Type Electric
Location
County King
Subdivision Central Area
Area 390 - Central Seattle
High School District Seattle
APN 9126101011
Multifamily Details
Net Operating Income 142631
Capitalization Rate 4.21
Expense: Insurance 3500
Gross Scheduled Income 210000
Expense: Other 30077
Gross Adjusted Income 199500
Total Expenses 66694
Gross Rent Multiplier 12
Nwm_Totalmonthlyincome 17500
Vacancy Rate 5
Lot/ Land Details
Site Features Cable TV, High Speed Internet
$2.4M
Range: $1.61M-$3.2M
Last 30 days 
Rental est.: $795/month
Gross rent multiplier: 272.5
Powered By Movoto
  • Sep 2024
    mls logo MLS # 2288388
  • Sep 13, 2024 Pending
  • Sep 10, 2024 Listed
    $2,600,000
  • 507 22nd Ave
    $2.4M
  • Minor
    $805K -5% y/y
  • 98122
    $899K +2% y/y
  • Seattle
    $749K -1% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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