6515 5th Avenue NE, Seattle, WA 98103
- $1,995,000
- 3,912
- SqFt
Listing courtesy of Pacific Crest.
- List Price
- $1,995,000
- Status
- ACTIVE
- MLS#
- 2560645
- Days on Market
- 307
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Finished SqFt
- 3,912
- Area Total SqFt
- 3912
- Annual Tax Ammount
- 16528
- Lot Size (sq ft)
- 5,000
- Sewer
- Sewer Connected
Property Description
Nestled in Seattle's most coveted Green Lake neighborhood, this well-maintained 7-unit apartment building offers an exceptional foundation for multifamily investment. Located just steps from the iconic Green Lake Park, the property features an attractive mix of one and two-bedroom units generating consistent, stable rental income in one of the city's most sought-after submarkets. This is an ideal opportunity for both experienced and emerging investors seeking exposure to Seattle's resilient rental market. The property benefits from strong tenant demand, proven longevity, and a premier location in one of the Pacific Northwest's strongest performing neighborhoods—positioning it perfectly for investors looking to build wealth through long-term appreciation and steady cash flow.
Additional Information
- List Date
- 2025-09-25 15:39:16
- Community
- Green Lake
- Net Operating Income
- $120,209
- Gross Adjusted Income
- $175,869
- Gross Scheduled Income
- $181,308
- Total Monthly Income
- $13,710
- Insurance Expenses
- $5,122
- Water/Sewer/Garbage Expenses
- $9,576
- Gross Rent Multiplier
- 11
- Total Expenses
- $55,660
- Cap Rate
- 6.03
- Vacancy Rate
- 3
- Total Number of Units
- 3
- Unit Name
- 6515
- Potential Terms
- Conventional
- Year Built
- 1958
- Roof
- See Remarks
- Electric Expenses
- 647
- Other Expenses
- 23787
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Green Lake
- Middle School
- Eckstein Mid
- High School
- Roosevelt High
- Total Monthly Income
- $13,710
- Gross Scheduled Income
- $181,308
- Vacancy Rate
- 3
- Gross Adjusted Income
- $175,869
- Tax Year
- 2025
- Insurance Expense
- $5,122
- W/S/G Expenses
- $9,576
- Total Expenses
- $55,660
- Net Operating Income
- $120,209
- Gross Rent Multiplier
- 11
- Cap Rate
- 6.03
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.