Listing Broker: Real Broker LLC; Coleton Alexander Pantley; 425-765-7552; c.pantley@mcconnellgroup.com
$2,000,000
Est. $10,763/moPrice increased $150,000 from the original $1,850,000 asking price
3,314 sq ft
900 NE Ravenna Blvd, Seattle, WA 98115
• Listed Nov 11, 2026•2 days active · 2 cumulative
Listing Broker: Real Broker LLC; Coleton Alexander Pantley; 425-765-7552; c.pantley@mcconnellgroup.com
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Listing Broker: Real Broker LLC; Coleton Alexander Pantley; 425-765-7552; c.pantley@mcconnellgroup.com
About this home
Ravenna Court is a fully occupied, 16-unit micro-apartment community located just over a mile away from the University of Washington. Built in 2016, the property consists of two eight-unit buildings that are connected by a shared outdoor patio space and firepit. Each building includes a shared kitchen and laundry facility, while individual units feature private bathrooms, in-unit sinks, mini refrigerators, and microwaves, with lofted studio layouts in select top-floor residences.Investors have the opportunity to capture immediate revenue growth through an estimated 8.2% mark-to-market opportunity. Additional upside may be available through the potential conversion of existing basement space into four additional units, subject to all required approvals. Investors may also evaluate repurposing one shared kitchen into storage or another community-oriented, revenue-enhancing use.Raveena Court offers an attainable, student-oriented housing option within an established and supply-constrained rental market supported by major healthcare and research employers, neighborhood retail, outdoor recreation, and light rail connectivity. Residents enjoy an abundance of nearby street parking, and a walkable location near Whole Foods, local trails, and the University of Washington. All in, Ravenna Court is a compelling multifamily investment with in-place cash flow, operational upside, and long-term demand durability.
Listed by Coleton Alexander Pantley • Real Broker LLC
Listing updated: November 11, 2026 at 01:58pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2602991
Around this home
How much should you offer?
900 NE Ravenna Blvd, Seattle, WA 98115
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
Flooring
- Laminate
Heating & cooling
- Radiant heating
- None cooling
Schools
Ratings via SchoolDigger- McDonald International SchoolPublic · Grades K-5 · 0.5 mi · State rank 55 of 1,13810/10
- Eckstein Middle SchoolPublic · Grades 6-8 · 1.3 mi · State rank 18 of 51410/10
- Roosevelt High SchoolPublic · Grades 9-12 · 0.4 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 in building
- 16
- Units below grade
- false
- Building square feet
- 3,314 sq ft
Income & expenses
- Gross scheduled income
- $189,185
- Total monthly income
- $17,480
- Additional monthly income
- $2,818
- Gross adjusted income
- $179,725
- Net operating income
- $77,787
- Cap rate
- 4.2%
- Gross rent multiplier
- 9.78
- Vacancy rate
- 5%
- Total expenses
- $131,981
- Insurance
- $10,246
- Electric
- $9,042
- Fuel
- $9,042
- Other expenses
- $76,032
- Water / sewer / garbage paid by
- 9042
Taxes & assessment
- Annual taxes
- $18,577
- 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 900 NE Ravenna Blvd
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 11, 2026Price raisedNWMLS via MLS Grid · #2602991$2,000,000$604/sq ft
- Nov 11, 2026ListedNWMLS via MLS Grid · #2602991$1,850,000$558/sq ft
- Oct 12, 2014Recorded saleKing County recorder · Statutory warranty deed$600,000$181/sq ft
- Sep 14, 2005SoldNWMLS via MLS Grid · #25095214$411,825$124/sq ft
- Aug 2, 2005PendingNWMLS via MLS Grid · #25095214$424,500$128/sq ft
- Aug 2, 2005Price reducedNWMLS via MLS Grid · #25095214$424,500$128/sq ft
Mortgage payment forecast
$12,811 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: Real Broker LLC; Coleton Alexander Pantley; 425-765-7552; c.pantley@mcconnellgroup.com
Market pulse
Seattle is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 64 days.
Recent sales nearby
Within 1 mile · last 6 months$840,000 Sold
2 weeks ago
3 bd•1 ba•~1,160 sq ft•Single Family
7011 14th Avenue NE, Seattle, WA 98115
1%
Under list
88
Days on market
0.5 mi
Distance
$690,000 Sold
2 weeks ago
2 bd•1.5 ba•~1,180 sq ft•Single Family
6800 Oswego Place NE, Seattle, WA 98115
1%
Under list
65
Days on market
0.4 mi
Distance
$1,170,000 Sold
2 weeks ago
4 bd•2 ba•~1,890 sq ft•Single Family
6512 16th Avenue NE, Seattle, WA 98115
1%
Over list
15
Days on market
0.4 mi
Distance
$801,000 Sold
3 weeks ago
3 bd•2.5 ba•~1,450 sq ft•Single Family
6513 24th Avenue NE #A, Seattle, WA 98115
4%
Under list
44
Days on market
0.8 mi
Distance
$954,000 Sold
4 weeks ago
3 bd•2 ba•~1,593 sq ft•Single Family
6538 D Latona Avenue NE, Seattle, WA 98115
2%
Under list
135
Days on market
0.5 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 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 13, 2026 at 4:08 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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