$2,490,000
Est. $13,792/mo5520 University Way NE, Seattle, WA 98105
• Listed Jun 1, 2026•482 days active · 482 cumulative
Listing Broker: COMPASS; Mary Pong; 425-829-3417; mary@MaryPong.com
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Listing Broker: COMPASS; Mary Pong; 425-829-3417; mary@MaryPong.com
About this home
Discover an exceptional development opportunity located in the vibrant heart of the U-District. Situated just blocks away from the University of Washington and the new Roosevelt light rail station, this property offers unparalleled convenience & connectivity. This location promises a dynamic urban lifestyle w/proximity to Ravenna Park, Green Lake, U-Village Shopping Center, Whole Foods, Trader Joes, bars & eateries. The 7440 sf lot is currently zoned NC2P-40, in future up zone area of U-District! Seize the opportunity with this ideal development site. Not only a prime location, and w/possible height limit increasing from 40' to 65'. Whether you are looking to invest in rental housing, retail or mixed use, this site holds immense potential! Offers welcomed!
Listed by Mary Pong • COMPASS
Listing updated: September 21, 2026 at 09:30am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2531005
Around this home
How much should you offer?
5520 University Way NE, Seattle, WA 98105
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Layout
- Comm/Industrial
Schools
Ratings via SchoolDigger- McDonald International SchoolPublic · Grades K-5 · 0.7 mi · State rank 55 of 1,13810/10
- Eckstein Middle SchoolPublic · Grades 6-8 · 1.2 mi · State rank 18 of 51410/10
- Roosevelt High SchoolPublic · Grades 9-12 · 0.6 mi · State rank 21 of 39610/10
Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries with the district before purchasing.
Vacant land facts
As entered by the listing broker on Northwest MLS
Lot
- Acres
- 0.17 acres
- Lot square feet
- 7,440 sq ft
- Lot dimensions
- 80' x 93'
- Topography
- Level
- Lot number
- 9-10
- Block
- 1
- Lot details
- Curbs, Open Space, Paved, Sidewalk
Zoning & use
- Zoning code
- NC2P-40
- Zoning description
- Business,Commercial,Multi-Family,Office,Residential,Retail
- Zoning jurisdiction
- City
- Possible use
- Business, Commercial, Multi-Family, Office, Residential, Retail
- Restrictions
- Unknown
Utilities
- Utilities
- Electricity Available, Natural Gas Available
- Electricity
- In Street
- Gas
- In Street
- Water
- Available, In Street
- Water jurisdiction
- SPU
- Sewer
- In Street
- Septic installed
- No
Road & access
- Road surface
- Paved
- Road information
- Paved
- Road on which side
- west side
Surveys & reports
- Sketch submitted
- No
Water & irrigation
- Waterfront
- No
- Irrigation water rights
- No
Taxes & assessment
- Annual taxes
- $22,021
- Tax year
- 2024
- Senior exemption
- No
- Financing
- Cash, Conventional
- Seller disclosure
- Provided
- Preliminary title ordered
- Yes
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Sales & Tax Records for 5520 University Way NE
NWMLS via MLS Grid · King County AssessorEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Jun 1, 2026ListedNWMLS via MLS Grid · #2531005$2,490,000
- Mar 11, 1996Recorded saleKing County recorder · Statutory warranty deed$310,000
Mortgage payment forecast
$16,250 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
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Listing Broker: COMPASS; Mary Pong; 425-829-3417; mary@MaryPong.com
Market pulse
Seattle is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 42 days.
Recent sales nearby
Within 1 mile · last 6 months$1,240,000 Sold
6 days ago
4 bd•1.5 ba•~2,100 sq ft•Single Family
135 NE 53rd Street, Seattle, WA 98105
1%
Under list
35
Days on market
0.7 mi
Distance
$770,000 Sold
6 days ago
2 bd•1.75 ba•~1,560 sq ft•Single Family
136 NE 58th Street, Seattle, WA 98105
3%
Over list
29
Days on market
0.7 mi
Distance
$912,000 Sold
1 week ago
8 bd•5.25 ba•~2,012 sq ft•Single Family
5612 A Roosevelt Way NE #A, Seattle, WA 98105
7%
Under list
15
Days on market
0.2 mi
Distance
$1,698,500 Sold
1 week ago
6 bd•2.25 ba•~2,870 sq ft•Single Family
5248 17th Avenue NE, Seattle, WA 98105
1%
Over list
71
Days on market
0.2 mi
Distance
$1,015,000 Sold
1 week ago
3 bd•2 ba•~1,330 sq ft•Single Family
4663 1st Avenue NE, Seattle, WA 98105
3%
Under list
47
Days on market
0.8 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Oct 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 21, 2026 at 6:17 AM PT (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker 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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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