University District Homes under $500,000

Welcome to the University District, a vibrant and eclectic neighborhood nestled in the heart of Seattle, Washington. Renowned for its youthful energy and rich cultural tapestry, this area is not only home to the University of Washington but also a diverse community that thrives on creativity and innovation. With tree-lined streets, charming cafes, and bustling shops, the University District offers a unique blend of urban living and academic vibrancy.

For those looking to invest in this dynamic neighborhood, you’ll be delighted to discover that there are homes available under $500,000. This price point opens the door to a variety of options, including cozy condominiums and charming bungalows, making it an ideal choice for first-time homebuyers, students, and young professionals alike. Imagine living just steps away from the iconic University of Washington campus, where you can enjoy cultural events, art exhibits, and an array of dining options that cater to every palate.

The University District is not just about its academic allure; it boasts a rich array of parks and green spaces, perfect for weekend picnics or leisurely strolls. The nearby Ravenna Park and Cowen Park provide ample opportunities for outdoor activities, while the weekly farmers' market brings the community together, showcasing local produce and artisanal goods.

With its unbeatable location, affordable housing options, and a vibrant community spirit, the University District stands out as one of Seattle's most desirable neighborhoods. Embrace the opportunity to call this lively area home, where every day offers a new adventure!

Newest University District Homes under $500,000

$199,950

1 Baths ⋅ 2596598 MLS ⋅ ACTIVE Status

Step into a little piece of Seattle history at The Wayfarer Cooperative! Built in 1923, this charming brick building is filled with vintage character, from its classic exterior to the beautiful woodwork and inviting lobby. Located in the heart of the University District, this delightful first-floor studio co-op offers a wonderful blend of historic charm and everyday convenience. Inside, you'll find a bright, spacious living and sleeping area with hardwood floors, charming architectural details, and plenty of flexibility to make the space your own. The separate kitchen features ample cabinetry and leads to a cozy, light-filled dining nook with built-in shelving. A full bathroom completes the home. Residents enjoy convenient amenities including free on-site laundry, bike storage, and individual storage closets. Dues include water, sewer, garbage, and property taxes. Just moments from the University of Washington, neighborhood cafés, restaurants, shops, parks, and public transportation, including light rail. Experience the charm of a bygone era with the convenience of city living in one of Seattle's most vibrant neighborhoods!

4725 15th Avenue NE Unit #17, Seattle

Listing Broker: John L. Scott, Inc.; Mike Baskett; 425-737-6507; mikebaskett@johnlscott.com

$199,975

1 Baths ⋅ 2594066 MLS ⋅ ACTIVE Status

Charming Studio w/full bath & kitchen is located at the heart of UW campus! Walking distances to Seattle light-rail, restaurants, easy freeway access, minus from Husky Stadium and more. This historic Wayfarer building is well maintained, quiet. Unit is located on 2nd floor, its spacious w/ crown molding, large walk-in closet, kitchen with eating nook, double paned windows. Secured building entry, HOA dues include property taxes, garbage, central heat, water, sewer, and earthquake insurance. Building owners have access to dedicated storage, bicycle room, and free laundry room. Wayfarer is a cooperative designated by the city of See as historical site. Don't miss out on this charming, ready to move-in studio!!

4725 15th Avenue NE Unit #27, Seattle

Listing Broker: The Preview Group; Nancie Quach; 206-496-5813; nancieq@gmail.com

$399,000

1 Beds ⋅ 1 Baths ⋅ 2592873 MLS ⋅ ACTIVE Status

Beautifully updated light-filled condo at the conveniently located Blakeley Commons! The perfect blend of urban convenience and comfortable resort style living located just steps from the U-Village, UW campus, Husky Stadium, the Burke-Gilman Trail and the new light rail station! You'll feel right at home the minute you enter, comfortable floor plan with oversized windows. stylish kitchen with new stainless-steel appliances. Walk-in pantry/utility room with newer washer & dryer. Updated bathroom with new shower/glass doors and quartz countertop. Cozy living room with fireplace, dining room and private deck. Newer engineered hardwood floors throughout main living area and spacious bedroom. Freshly painted interior, new blinds and recently replaced hot water tank & water filter. Enjoy the many amenities including secure garage parking, storage space, outdoor spa, fitness center & clubhouse with full kitchen. Guest unit also available for short visits. BBQ area and Zoka Coffee shop on the main level. Pet friendly complex with strong HOA, no assessments and no rental cap. Dues include water/sewer/garbage. Many dining and shopping options in walking distance. Walk score of 91 and bike score of 99, what's not to love here! Virtually staged.

2901 NE Blakeley Unit #401, Seattle

Listing Broker: Windermere Real Estate/M2, LLC; Bruce Fulton; 206-949-1536; brucefulton@windermere.com

$475,000

1 Beds ⋅ 2 Baths ⋅ 2590020 MLS ⋅ ACTIVE Status

***$15,000 Seller Credit towards Buyer Closing Costs and/or Interest Rate Buydown*** Wonderfully designed townhome in the heart of Seattle’s University District. This stylish home offers attention to detail, featuring rich warm finishes, beautiful millwork, designer lighting, hardwood floors, and a tile entry. The open main-level floor plan features a well-appointed kitchen with granite tile countertops, stainless-steel appliances, an eating bar that opens to the living room and a half-bath. Large windows fill the home with abundant natural light. Upstairs features a vaulted ceiling bedroom with built in dresser, a versatile den, full bath and washer/dryer. Potentially convert the garage to add more living space and still have a dedicated parking space on the driveway. Small yard that can be fully fenced. Ideally located, minutes from the University of Washington, local shops, restaurants, I-5, and downtown Seattle. No HOA here! Don't miss this opportunity!

5252 12th Avenue NE Unit #A, Seattle

Listing Broker: Wilson Realty Exchange, Inc.; Milan Vincic; 206-790-3352; milan_vincic@yahoo.ca

$250,000

1 Baths ⋅ 2578144 MLS ⋅ ACTIVE Status

Experience city living at Duncan Place Condominiums, ideally situated in Seattle’s dynamic University District neighborhood. Thoughtfully designed with comfort and convenience in mind, this quiet East-facing residence features an open-concept great room, and large windows that fill the space with natural light. Enjoy the added ease of an in-unit washer and dryer. This secure, pet-friendly building offers exceptional amenities, including dedicated parking space, storage unit, guest parking, a community room, and elevator access. With no rental cap, it presents a fantastic opportunity for both homeowners and investors seeking strong rental potential. With an exceptional Walk Score of 93, dining, shopping, parks, transit and more are just steps away! Located moments from Downtown Seattle and the renowned University of Washington, this address offers unmatched accessibility and lifestyle appeal.

4547 8th Avenue NE Unit #508, Seattle

Listing Broker: Redfin; Wendie Costello; 425-877-9143; wendie.costello@redfin.com

$499,950

1 Beds ⋅ 2 Baths ⋅ 2590225 MLS ⋅ ACTIVE Status

Thoughtfully remodeled townhome in a quiet & convenient spot in the U District. Completely renovated kitchen boasts quartz countertops, glass subway tile backsplash, ultra efficient induction oven, insta-hot water, water filter, stainless appliances, beautiful new cabinets designed to give you the most storage in a limited space, and a stylish breakfast bar. Main level also features the living room with large fir trimmed windows to give you copious light, hardwood floors, and a updated half bath. Upstairs you'll find a spacious primary bedroom with plenty of closet space, a stunning newly remodeled bathroom with tile floors, new vanity, heated mirror, and a luxurious tiled shower. A light-filled den/office space rounds out the upstairs. Garage is 280sf and will easily fit your car with room to spare for storage, tools etc. The driveway also has room to park another car. More upgrades: new carpet throughout upstairs and staircases, all new paint, new energy saving electric/heat pump hot water tank, stainless utility sink in garage, new garage door opener. And last but not least a fenced & gated outdoor patio space to relax and sip your favorite beverage. Just a truly turnkey home within easy walking distance to the university, light rail stations, shops and restaurants.

5252 12th Avenue NE Unit #B, Seattle

Listing Broker: Lake & Company; Paul D Van Hollebeke; 206-527-1777; pv@lakere.com

$325,000

1 Beds ⋅ 1 Baths ⋅ 2588918 MLS ⋅ ACTIVE Status

Nicely updated 1 bedroom, 1 bath, vacant and ready for new owners. This unit has great views to the north from the 14th floor. The HOA Dues are $722.77, which includes all utilities except cable and internet. Also included is rooftop deck, outside pool, cabana, gym, TV room, security, and on site management and parking. The rooms are spacious and well kept. U Plaza is very centrally located to shops, grocery stores, restaurants, and UW.

4540 8th Avenue NE Unit #1403, Seattle

Listing Broker: Windermere Real Estate Co.; Monte Swears; 206-499-0872; monterealtor@aol.com

4343 Roosevelt Way NE Unit #404, Seattle

$475,000

2 Beds ⋅ 2 Baths ⋅ 2581085 MLS ⋅ ACTIVE Status

Wake up in the heart of the University District in this beautiful 2 bedroom condo, just minutes from campus, with city and mountain views! Living and dining space, bright with natural light from large windows, is spacious and welcoming with cozy gas fireplace and sliders to private view deck! Take in the city views, featuring the Space Needle, from your deck! Well appointed kitchen features large passthrough, keeping you connected to guests and dining area, and tons of counter and storage space. Primary bedroom suite is spacious and bright, with large private bathroom featuring double sized closet. Guest bedroom and full guest bathroom plus utility room, with in-unit washer and dryer(!) complete this well appointed home. Secure building features lobby, business center, & secure underground parking, with two-car tandem spot, plus additional storage unit! With a well run HOA, professional property management, no rental cap and a pet friendly community, this home will check all your boxes AND with proximity to UW light rail station, UW campus and all the restaurant and amenities of the U district at your doorstep, you’ll love living here!

4343 Roosevelt Way NE Unit #404, Seattle

Listing Broker: Windermere R.E. Shoreline; Laura L. Kinzel; 206-947-6179; Laura@KinzelEidsonTeam.com

$379,000

5 Beds ⋅ 3 Baths ⋅ 2581831 MLS ⋅ ACTIVE Status

Prime investment opportunity just blocks from Central Washington University! This 5-bedroom, 2.75-bath home offers a proven rental history and an ideal location near CWU, making it a strong option for investors, rental housing, or owner-occupants looking for flexibility.The property offers exceptional parking, including a spacious driveway plus an additional concrete parking area along the north side with room for a boat, trailer, or extra vehicle. Fully fenced backyard with new gate. Inside, the kitchen opens to the dining area and flows seamlessly into a spacious great room, creating an open and functional gathering space. Generous hallway closets provide excellent additional storage.New washer and dryer and dishwasher. Newer refrigerator and microwave. With five bedrooms, ample parking, a highly desirable location near campus, and established rental performance, this is a compelling opportunity in the Ellensburg market.

1906 N Yew Street, Ellensburg

Listing Broker: Buchan Real Estate; Mischelle McCall; 425-827-2266; mischellem@buchan.com

4343 Roosevelt Way NE Unit #608, Seattle

$379,950

1 Beds ⋅ 1 Baths ⋅ 2578060 MLS ⋅ ACTIVE Status

Welcome to this beautifully updated condo in the heart of Seattle's University District! Enjoy breathtaking city and mountain views from the rooftop patio - an ideal spot to relax or entertain. The unit features a cozy gas fireplace, A/C and a secure gated one-car assigned parking space. Brand-new over-the-range microwave, dishwasher and stove add convenience and peace of mind. Ideally located near the University of Washington, light rail, restaurants, shopping and everyday amenities. With no rental cap, this property offers excellent flexibility and a great investment opportunity. Strong rental demand from UW students makes this an especially attractive option for investors. Whether you're looking for a home, a convenient location near UW or a rental investment, tis is an opportunity you won't want to miss!

4343 Roosevelt Way NE Unit #608, Seattle

Listing Broker: Universe Real Estate Group LLC; Myung D. Jang; 206-719-3502; tj.urgroup@gmail.com

$388,000

1 Beds ⋅ 1 Baths ⋅ 2562612 MLS ⋅ ACTIVE Status

Move-in-ready 1-bed, 1-bath condo in Duncan Place, a modern community built in 2008 in the heart of the University District. This bright, light-filled home features floor-to-ceiling windows, a private balcony with territorial views, and an open-concept layout. The stylish kitchen offers stainless steel appliances, granite countertops, and a center island. A beautifully remodeled bathroom adds a fresh, modern touch to this well-maintained home. Enjoy the convenience of in-unit laundry, an assigned parking space in a secure garage, and a unique private storage room offering added security. Building amenities include secure entry, rooftop deck with stunning Seattle skyline views, BBQ area, community room, and elevator. Pet-friendly with no rental cap, making this an excellent opportunity for both homeowners and investors. Ideally located near the University of Washington, restaurants, cafés, shopping, University District Link Light Rail Station, I-5, South Lake Union, and downtown Seattle.

4547 8th Avenue NE Unit #311, Seattle

Listing Broker: Kelly Right RE of Seattle LLC; Amber Hu; 425-606-7133; jy.amberhu@gmail.com

$299,000

1 Beds ⋅ 1 Baths ⋅ 2553198 MLS ⋅ ACTIVE Status

Tucked inside the historic 1923 Wayfarer Cooperative, this 1 bedroom retreat blends old-world Seattle charm with the comfort and sophistication of a luxury hotel suite. Perfect as a pied-à-terre or a stylish home base for visitors attending Husky games and campus events, this light-filled residence is ideally located just three blocks from the light rail and two blocks to UW campus. Warm oak hardwood floors, high ceilings, and oversized insulated windows create a serene and inviting atmosphere. The expansive bedroom features a built-in Murphy bed for overnight guests, while a flexible sleeping nook off the living room makes an ideal home office or reading lounge. Thoughtful updates include rewired kitchen and bath, custom shades, two built-in wall safes, and a rare walk-in closet. The remodeled kitchen pairs timeless style with modern convenience, featuring Soapstone countertops, a porcelain farm sink, KitchenAid dishwasher, and convection oven with quick-heat halogen elements. The elegant bath is finished with dramatic black marble floors, adding a luxurious touch to the home’s vintage character. Enjoy easy first-floor access plus free laundry, extra storage locker, and bike storage in the basement. Parking is available nearby. HOA dues include property taxes, heat, water, sewer, garbage, and building insurance. With a Walk Score of 99, cafés, restaurants, parks, the farmer’s market, and campus life are just moments away.

4725 15th Avenue NE Unit #12, Seattle

Listing Broker: Redfin; Forrest Moody; 615-397-5686; forrest.moody@redfin.com

Start Your Search

Based on information submitted to the MLS GRID as of . 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.
IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

University District Homes under $500,000

Newest University District Homes under $500,000

How much is your home worth?

How much is your home worth?