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$900,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 4 days ago

Listed by Russ Katz | Windermere RE Magnolia | (206) 284-8989

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Ideal Investment in Seattle's vibrant University/Roosevelt District. Perfect for owners or investors targeting strong rental demand. Both units are currently occupied, total rents are $5,000/month. Main unit has 4 beds (3 upstairs) with large living room with fireplace and full kitchen with peninsula/breakfast bar seating. Lower unit is 1 bed/1bath with its own laundry and separate entrance and yard/garden space off alley. There's also parking for multiple vehicles off alley. New exterior paint and interior condition is typical for area. Enjoy immediate cash flow with this property as it's suited for both long-term leases or short-term rentals. Stroll to UW campus and the Ave shops. Easy access to multiple Seattle neighborhoods and SLU/downtown too with Link Light Rail and I-5. This area attracts those seeking active lifestyles, transit connectivity, and proximity to major employment centers. Continued neighborhood growth support long-term rental stability and occupancy. This is a home run option to start a real estate portfolio or add to your existing holdings.

Full Property Details for 5231 12th Ave NE

General

  • Price: $900,000
  • Taxes: $8,208 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2522165
  • Updated: 5/15/2026
  • Added to Site: 5 day(s) ago

Interior

  • Flooring: Ceramic Tile, Hardwood, Carpet

Additional Information

  • Amenities: Cable TV, Gas Available, High Speed Internet, Patio

Parking

  • Carport Spaces: 2
  • Uncovered Spaces: 2

Location

  • Area: 710 - North Seattle
  • County: King
  • Subdivision: Roosevelt
  • Building Name: Pettits University Add
  • Driving Directions: From 50th and 12th Ave NE. Head north on 12th 2 blocks, home is on your left.

School Information

  • High School District: Seattle
  • Elementary School: Green Lake
  • Middle School: Hamilton Mid
  • High School: Lincoln High

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Forced Air

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Duplex
  • Exterior Const.: Wood Products
  • Foundation: Poured Concrete
  • Roof: Composition
  • Stories in Building: 3
  • Square Feet: 2,210
  • Year Built: 1923
  • Property Condition: Good

Unit Information

  • Units in Building: 2

Lot Features

  • Property View: See Remarks, Territorial
  • Lot Size (Acres): 0.0689
  • Lot Size (Sq. Ft.): 3,000
  • Lot Size Source: KCR
  • Lot Features: Alley, Curbs, Open Space, Paved, Sidewalk
  • Zoning: Residential

Financial Considerations

  • Tax Amount: $8,208
  • Tax Year: 2025
  • Terms: FHA, VA Loan

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 6746700495
  • Block: 5
  • Lot Number: 11

Listed by Russ Katz | Windermere RE Magnolia | (206) 284-8989

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Schools serving 5231 12th Ave NE

School District:Seattle School District
NameGradesDistance
McDonald International School
144 Northeast 54th Street, Seattle, WA 98105
K-50.5 mi
Green Lake Elementary School
2400 North 65th Street, Seattle, WA 98103
PK-50.9 mi
Hamilton International Middle School
1610 North 41st Street, Seattle, WA 98103
6-81.2 mi
Lincoln High School, Seattle, WA
4400 Interlake Avenue North, Seattle, WA 98103
9-121.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5231 12th Ave NE Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/15/2026
Listed
$900,000
190.32%
MLS
12/14/2001
Sold
$310,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5231 12th Ave NE

Year
Property Taxes
Change
Tax Assessment
Change
2024
$8,208
9%
$842,000
-7%
2024
$7,505
-4%
$901,000
—
2022
$7,827
9%
$901,000
12%
2021
$7,194
—
$804,000
11%
2021
$7,194
3%
$723,000
2%
2020
$6,956
57%
$707,000
45%
2019
$4,441
-5%
$488,000
9%
2018
$4,653
15%
$448,000
12%
2017
$4,040
7%
$401,000
10%
2016
$3,771
-27%
$366,000
-31%
2015
$5,168
6%
$528,000
17%
2014
$4,873
—
$450,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Russ Katz | Windermere RE Magnolia | (206) 284-8989

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5231 12th Avenue NE, Seattle, WA 98105 (MLS# 2522165) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 5231 12th Avenue NE is currently listed for $900,000 and was received on May 15, 2026. Want to learn more about 5231 12th Avenue NE? Do you have questions about finding other Multi-Family real estate for sale in Seattle? You can browse all Seattle real estate or contact a Coldwell Banker agent to request more information.

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