Exceptional investment opportunity just minutes from Green Lake. This well-maintained 11-unit apartment building features a desirable unit mix of nine studios and two one-bedroom units. Professional management is already in place and available to continue operations, offering a seamless transition for a passive investor. The property is zoned LR3 (RC), providing attractive future development potential. Amenities include off-street parking, storage lockers, coin-operated laundry, and individual water heaters for each unit, all replaced in 2023. Five of the eleven units have been remodeled. Ideally located within walking distance of the Roosevelt Light Rail Station, and the Green Lake Park & Ride, ,Convenient access to downtown Seattle, shopping, dining and recreation. A rare opportunity for the move-up investor seeking stable income today and long-term growth potential tomorrow.
| MLS # | 2563692 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1950 |
| Days On Site | 55 |
| Listing Provided By | Windermere Bellevue Commons | Janice Cai |
| SQ Feet | 4,643 |
|---|---|
| Story(s) | 2 |
| Units | 11 |
| Zoning | Multi-Family |
| Acreage | 0.18 |
| Property | 21198 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98115 |
| Area | 705 Ballard | Greenlake |
| Community Name | Green Lake |
| School District | Roosevelt High |
| Elementary School | Green Lake |
| High School | Roosevelt High |
| Listing VS Median (in Green Lake) | |
Price: $2,300,000 low | high Med: $905,000 sqft: 4,643 low | high Med: 1,580 $ / sqft: $495 low | high Med: $573 On site: 55 low | high Med: 38 | |
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98115 |
| Area | 705 Ballard | Greenlake |
| Community Name | Green Lake |
| School District | Roosevelt High |
| Elementary School | Green Lake |
| High School | Roosevelt High |
| Listing VS Median (in Green Lake) | |
Price: $2,300,000 low | high Med: $905,000 sqft: 4,643 low | high Med: 1,580 $ / sqft: $495 low | high Med: $573 On site: 55 low | high Med: 38 | |
![]() | $1,995,0006515 5th AvenueSeattle, WA 98103 |
![]() | $1,650,000305 Ne 65th StreetSeattle, WA 98115 |