$7,754,000
Est. $42,275/mo12,836 sq ft
2216 NE 46th Street, Seattle, WA 98105
• Listed Nov 2, 2026•2 days active · 2 cumulative
Listing Broker: Windermere Real Estate Midtown; Lauren Hendricks; 206-999-9161; laurenhendricks@windermere.com
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Listing Broker: Windermere Real Estate Midtown; Lauren Hendricks; 206-999-9161; laurenhendricks@windermere.com
About this home
Four parcels with 14 income producing units plus parking income on 49,991 SF of LR zoned land for sale for the first time in generations. All four properties have incredible peaceful park-like settings even though they are just a stones throw away from the University of Washington, UWMC Hospital, Burke-Gilman Trail & U-Village Shopping Center. 2216 NE 46th St consists of a 6-unit apartment building and a duplex for a total of 8-units on a 10,300 SF lot zoned LR3. 2226 NE 46th St is a 2,600 SF triplex on a 7,150 SF lot zoned LR3. 2230 NE 46th St (aka 4517 Ravenna Ave NE) is a 2,740 SF 3 bd/1.75 bath single-family home on a 14,338 SF lot zoned LR1. 4511 Ravenna Ave NE is an architecturally unique 1,025 SF duplex on a 18,203 SF lot zoned LR1. The properties provide steady income, but they are also prime for redevelopment with a strong demand for townhouses and cottage housing. The four parcels can be sold separately or together for the tax assessed values. Occupied by long-term residents. Please do not disturb the tenants.
Listed by Lauren Hendricks • Windermere Real Estate Midtown
Listing updated: November 3, 2026 at 01:02pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2600283
Around this home
How much should you offer?
2216 NE 46th 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
- 810 sq ft garage
Flooring
- Bamboo/Cork
- Hardwood
- Softwood
- Vinyl
Heating & cooling
- Baseboard heating
- Radiator heating
- Window Unit(s) cooling
Schools
Ratings via SchoolDiggerSeattle School District
- Laurelhurst Elementary SchoolPublic · Grades K-5 · State rank 250 of 1,1388/10
- Eckstein Middle SchoolPublic · Grades 6-8 · State rank 18 of 51410/10
- Roosevelt High SchoolPublic · Grades 9-12 · State rank 21 of 39610/10
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
Multi-family facts
As entered by the listing broker on Northwest MLS
Units
- Total units
- 14
- Units in building
- 14
- Units below grade
- false
- Building square feet
- 12,836 sq ft
Income & expenses
- Gross scheduled income
- $226,830
- Total monthly income
- $18,903
- Additional monthly income
- $500
- Gross adjusted income
- $220,025
- Net operating income
- $70,131
- Cap rate
- 1%
- Gross rent multiplier
- 34
- Vacancy rate
- 3%
- Total expenses
- $149,894
- Insurance
- $10,988
- Other expenses
- $18,014
- Water / sewer / garbage paid by
- 38975
Parking & storage
- Parking spaces
- 20
- Uncovered parking
- 15
- Covered spaces
- 5
Taxes & assessment
- Annual taxes
- $81,917
- 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.
Opens with the report above.
Sales & Tax Records for 2216 NE 46th 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.
- Nov 2, 2026ListedNWMLS via MLS Grid · #2600283$7,754,000$604/sq ft
Mortgage payment forecast
$51,040 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: Windermere Real Estate Midtown; Lauren Hendricks; 206-999-9161; laurenhendricks@windermere.com
Market pulse
Seattle is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
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 55 days.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Nov 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 November 4, 2026 at 10:53 PM 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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