Property Photo: 4750 University Way NE WA 98105

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Listing Courtesy of:

Northwest MLS / Windermere Real Estate Co. / Edward Krigsman and Best Choice Realty LLC

4750 University Way NE Seattle, WA 98105

Sold on 02/14/2023

$3,500,000 ^(USD)

12,182

SQFT

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Description

Unique investment/redevelopment opportunity in prime University District location revitalized by new light rail 2 blocks away. Striking 12000 SF mid-century mixed-use building on “the Ave” by architect Samuel Morrison comprises 18 vintage open 1BR apartments and 3500 SF boutique retail space, once home of Academy of Classical Ballet, run by Irene Larson of NY City Ballet, and of Jun Fan Gung Fu Institute, martial arts school of fighter, teacher and philosopher Bruce Lee. Recapitalize and renovate the property for cash flow in thriving sub-market with focused, high demand renter base or develop in accordance with N3P-65 (M1) zoning. Steps from new mixed-use Safeway valued at $90M & adjacent 24-story M Tower, both by LA-based Fields Holdings.

MLS #:
1872358

Taxes
$42,301(2021)

Lot Size
4,120 SQFT

Type
Multifamily

Building Name
University Heights Add

Year Built
1958

Style
10+ Units

Views
Territorial

School District
Seattle

County
King County

Community
University District

Listed By

Edward Krigsman, Windermere Real Estate Co.

Bought with
Zijun Wang, Best Choice Realty LLC

Source
Northwest MLS as distributed by MLS Grid
Last checked Dec 5 2025 at 6:52 PM PST

Bathroom Details

Subdivision

University District

Lot Information

Alley
Curbs
Sidewalk
Paved

Property Features

Fenced-Partially
Gas Available
Patio
Sprinkler System
Cable Tv

Exterior Features

Brick
Stone
Metal/Vinyl
Cement/Concrete
Roof: Flat
Roof: Torch Down

Utility Information

Sewer: Sewer Connected
Fuel: Electric
Energy: Green Efficiency: Thermal Windows

School Information

Elementary School: Green Lake
Middle School: Hamilton Mid
High School: Lincoln High

Listing Price History

Date

Event

Price

% Change

$ (+/-)

Nov 01, 2022

Price Changed

$3,988,000

-11%

-$512,000

Jun 29, 2022

Price Changed

$4,500,000

-10%

-$480,000

Apr 14, 2022

Price Changed

$4,980,000

-11%

-$600,000

Mar 10, 2022

Price Changed

$5,580,000

-11%

-$700,000

Dec 24, 2021

Price Changed

$6,280,000

$30,000

Dec 15, 2021

Listed

$6,250,000

Disclaimer: Based on information submitted to the MLS GRID as of 12/5/25 10:52. All data is obtained from various sources and may not have been verified by Windermere Real Estate Services Company, Inc. or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.