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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.
Data Source: Northwest Multiple Listing Service
MLS#: 2602991
Data Source Copyright: © 2026 Northwest Multiple Listing Service All rights reserved.
This property was listed on 11/11/2026 and last updated as of 11/11/2026 9:58:14 PM. OSI IDX updated the data from Northwest Multiple Listing Service on 11/11/2026 at 8:11 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.