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Listed by:Northmarq Multifamily, LLC • Steve Fischer
$1,975,000
Est. payment /mo
7 Beds
7 Baths
6,467 SqFt
New
6512 Phinney AVE N Seattle, WA 98103
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,467 sqft
Price per Sqft $305
Subdivision Phinney Ridge
MLS Listing ID 2520299
Style 55 - 5-9 Units
Bedrooms 7
Year Built 1950
Annual Tax Amount $17,895
Lot Size 3,413 Sqft
Property Sub-Type Multi Family
Property Description
We are pleased to present Bella Marie, a fully occupied six-unit multifamily property with ground-floor retail located in Phinney Ridge, one of Seattle's most desirable residential neighborhoods. The property consists of two buildings. The main building, constructed in 1950, houses three one-bedroom apartments, a two-story three-bedroom/two-bath penthouse residence with a private rooftop deck overlooking Green Lake, and ground-floor retail along Phinney Ave. A detached one-bedroom townhome, built in 2004, is positioned above three covered parking spaces, providing added privacy and a distinct rental experience. The main building has been fully rewired with newer electrical panels, and all windows have been updated to double-pane vinyl throughout. Offered at a 5.95% in-place capitalization rate with additional upside to market rents, the asset combines stabilized cash flow with an irreplaceable Phinney Ridge location — convenient to Downtown Seattle, South Lake Union, Fremont, and Green Lake, with strong neighborhood walkability and proximity to Woodland Park Zoo.
Location
State WA
County King
Area 705 - Ballard/Greenlake
Interior
Flooring Hardwood
Fireplace false
Exterior
Exterior Feature Brick, Metal/Vinyl, Wood
View Y/N Yes
View City, Lake
Roof Type Composition
Building
Lot Description Alley
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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