New Listing
$3,300,000
 $17,715 est/mo Sourced by Back At You

4001 NE 50th Street,Seattle, WA 98105

Seattle, WA 98105

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Description

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.

Details

MLS #2595724
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1961
Days On Site2
Listing Provided ByKidder Mathews | Max Frame

Features

SQ Feet9,999
Story(s)2
Units2
Acreage0.26

Taxes

Property34874

Area Information

StateWA
CountyKing
CitySeattle
Zip Code98105
Area390 Central Seattle
Community NameMontlake
Listing VS Median (in Montlake)
Price:
$3,300,000
low | high
Med:
$699,900
100% of Average
sqft:
9,999
low | high
Med:
2,088
100% of Average
$ / sqft:
$330
low | high
Med:
$335
48.434051724138% of Average
On site:
2
low | high
Med:
17
11.764705882353% of Average
Sourced by Back At You

Market Activity 98105

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Based on information submitted to the MLS GRID as of October 19, 2026 at 11:45:02 AM PDT. 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.

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Learn More About This Property

StateWA
CountyKing
CitySeattle
Zip Code98105
Area390 Central Seattle
Community NameMontlake
Listing VS Median (in Montlake)
Price:
$3,300,000
low | high
Med:
$699,900
100% of Average
sqft:
9,999
low | high
Med:
2,088
100% of Average
$ / sqft:
$330
low | high
Med:
$335
48.434051724138% of Average
On site:
2
low | high
Med:
17
11.764705882353% of Average
Sourced by Back At You
Listing Updated: October 19, 2026 at 7:41:42 AM PDT