5003 15th Ave NE

• Appealing walkability, retail, amenities and top ranked university at your doorstep.
• Pride of Ownersip building with timeless appeal.
• Spacious Studio and 1-bedroom unit mix with an average unit size of 726 SF.
• Opportunity to realize significant lift from current below-market rents and through additional renovations.

Property Description

The Lee & Associates Northwest | Multifamily Team is pleased to present the Davison, a 23-unit apartment building in the heart of the Seattle’s University District neighborhood and walking distance to the University of Washington. Designed by British architects, Stuart and Wheatly, the Davison was constructed in 1926 with an attractive period brick façade, detailed cornice and parapet work. It is a well-maintained building featuring spacious units averaging over 725 sf per unit with a unit mix of 10 studios and 13 1-bedrooms (buyer to verify). Units feature elegant crown molding, oak hardwood floors and vintage penny tile. Most units feature newer kitchen cabinets and granite countertops as well as vanities. The building also features five secure garage spaces with access off the alley. Sitting on an 8,220 sf LR3 zoned corner lot, the Davison is a handsome opportunity to realize significant rental upside in one of Seattle’s most sought-after and well supported rental markets