Rare opportunity to acquire Blanchet Heights, a 6-unit townhome-style multifamily property just north of Green Lake. Built in 1963, the property consists of two well-maintained triplex buildings, each offering two 3-bedroom / 2-bath units and one 4-bedroom / 2-bath unit. Spacious units averaging approx. 1,450 SF feature fireplaces, rec rooms, and full-size in-unit washer/dryers. The property is 100% tenant occupied and benefits from strong demand for large rental units in this desirable North Seattle location. Legally established as a condominium with six individual tax parcels, Blanchet Heights offers investors multiple strategies: continue operating as a stable 6-unit multifamily asset or explore potential future individual unit sales, or future redevelopment potential (buyer to verify). Ideally located near North Seattle College, Northgate Station light rail, Northgate Mall redevelopment, and major transit corridors, providing convenient access to employment centers, retail, and transit. 6.2% CAP RATE
Listing Provided Courtesy of Nicholas Riddell, Lotside
General Information
NWM2492985
Multi Family
0
DOM
0.27 acres
8378
1963
Multi-F
King
Viewlands
Robert Eagle St
Ingraham High
Residential Incom
Multi Family
Listing Provided Courtesy of Nicholas Riddell, Lotside
Krishna Realty data last checked: Mar 17, 2026 04:37 | Listing last modified Mar 17, 2026 08:25,
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Residence Information
8378
Composition
55 - 5-9 Units
1963
Poured Concrete
Thermal Windows
Features and Utilities
Cement Planked
Public
Sewer Connected
0
Financial
23270
Cash, Conventional
03-17-2026
Comparable Information
0
0
Cash, Conventional
$2,699,950
$2,699,950
Mar 17, 2026 08:25
Schools
Elementary : ViewlandsN/ARatings Middle : Robert Eagle St N/ARatings High : Ingraham HighN/ARatings
Rare opportunity to acquire Blanchet Heights, a 6-unit townhome-style multifamily property just north of Green Lake. Built in 1963, the property consists of two well-maintained triplex buildings, each offering two 3-bedroom / 2-bath units and one 4-bedroom / 2-bath unit. Spacious units averaging approx. 1,450 SF feature fireplaces, rec rooms, and full-size in-unit washer/dryers. The property is 100% tenant occupied and benefits from strong demand for large rental units in this desirable North Seattle location. Legally established as a condominium with six individual tax parcels, Blanchet Heights offers investors multiple strategies: continue operating as a stable 6-unit multifamily asset or explore potential future individual unit sales, or future redevelopment potential (buyer to verify). Ideally located near North Seattle College, Northgate Station light rail, Northgate Mall redevelopment, and major transit corridors, providing convenient access to employment centers, retail, and transit. 6.2% CAP RATE
