$3,300,000
Est. $18,279/mo9,999 sq ft
4001 NE 50th Street, Seattle, WA 98105
• Listed Oct 17, 2026•1 day active · 1 cumulative
Listing Broker: Kidder Mathews; Max Frame; 360-705-2800; max.frame@kidder.com
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Listing Broker: Kidder Mathews; Max Frame; 360-705-2800; max.frame@kidder.com
About this home
The John Henry Apartments presents an exceptional investment opportunity in Seattle's highly desirable Laurelhurst neighborhood. Located at 4001 NE 50th Street, this well-maintained, 14-unit apartment community offers convenient access to Seattle Children's Hospital, University Village, and the University of Washington. Built in 1961, the property features a desirable unit mix of nine one-bedroom and five two-bedroom apartments, averaging approximately 714 square feet. Property amenities include 14 off-street parking stalls, 14 individual tenant storage units, shared laundry facilities, and private patios in select units. Recent improvements include a new roof installed in 2019, double-pane vinyl windows, and updated LVP flooring in most units. Spacious floor plans and thoughtful updates enhance the property's appeal. Offered at $3,300,000, or approximately $236,000 per unit, The John Henry provides investors with strong in-place cash flow at a 5.9% cap rate, along with additional rental upside. Available for the first time in over 20 years, this is a rare opportunity to acquire a well-located multifamily asset in one of Seattle's premier residential neighborhoods.
Listed by Max Frame • Kidder Mathews
Listing updated: October 17, 2026 at 12:58pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2595724
Around this home
How much should you offer?
4001 NE 50th Street, 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
- 10+ Units
Heating & cooling
- Baseboard heating
- None cooling
Schools
Ratings via SchoolDigger- Laurelhurst Elementary SchoolPublic · Grades K-5 · 0.4 mi · State rank 250 of 1,1388/10
- Eckstein Middle SchoolPublic · Grades 6-8 · 1.3 mi · State rank 18 of 51410/10
- Roosevelt High SchoolPublic · Grades 9-12 · 1.6 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.
Multi-family facts
As entered by the listing broker on Northwest MLS
Units
- Total units
- 2
- Units below grade
- false
- Building square feet
- 9,999 sq ft
Income & expenses
- Gross scheduled income
- $316,662
- Total monthly income
- $25,466
- Gross adjusted income
- $305,528
- Net operating income
- $195,052
- Cap rate
- 5.91%
- Gross rent multiplier
- 16.9
- Vacancy rate
- 5%
- Total expenses
- $121,611
- Insurance
- $9,825
- Electric
- $8,358
- Fuel
- $8,358
- Other expenses
- $51,837
- Water / sewer / garbage paid by
- 8359
Parking & storage
- Parking spaces
- 15
- Uncovered parking
- 15
Taxes & assessment
- Annual taxes
- $34,874
- Tax year
- 2026
- Financing
- Cash, Conventional
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.
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Sales & Tax Records for 4001 NE 50th Street
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.
- Oct 17, 2026ListedNWMLS via MLS Grid · #2595724$3,300,000$330/sq ft
Mortgage payment forecast
$22,010 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: Kidder Mathews; Max Frame; 360-705-2800; max.frame@kidder.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 39 days.
Recent sales nearby
Within 1 mile · last 6 months$2,250,000 Sold
2 days ago
5 bd•4 ba•~3,080 sq ft•Single Family
3819 44 Avenue NE, Seattle, WA 98105
2%
Under list
52
Days on market
0.6 mi
Distance
$2,085,787 Sold
3 days ago
5 bd•3.25 ba•~2,953 sq ft•Single Family
5100 NE 55th Street, Seattle, WA 98105
5%
Under list
97
Days on market
0.6 mi
Distance
$1,097,500 Sold
1 week ago
3 bd•1.5 ba•~2,300 sq ft•Single Family
5760 25th Avenue NE, Seattle, WA 98105
0%
Over list
15
Days on market
0.9 mi
Distance
$3,200,000 Sold
1 week ago
5 bd•4 ba•~4,700 sq ft•Single Family
4321 NE 57th Street, Seattle, WA 98105
0%
Over list
30
Days on market
0.4 mi
Distance
$3,440,000 Sold
2 weeks ago
3 bd•3.25 ba•~2,910 sq ft•Single Family
3704 48th Avenue NE, Seattle, WA 98105
14%
Under list
77
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 18, 2026 at 2:34 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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