New Roof / Fresh Paint 2024, 5.98% Cap Rate. Remarkable investment opportunity with this fully occupied 16-unit building, strategically positioned in a prime North Seattle location. Boasting a strong 5.98% cap rate, this property offers a solid return on investment. recent upgrades in many units, new roof installed on 1.15.2024, prime location less than 2 miles to Green Lake and within walking distance to NSCC. Positioned on a large corner lot, Highway 99, zoned NC3P75, ideal for future development potential. This investment is not just profitable but also ideally located, perfect for sustained occupancy and growth. Act now to secure this outstanding property in a high-demand area!
Listing Provided Courtesy of Seth Raddue, Aris360
General Information
NWM2223676
Multi-Family
339
DOM
5641.02 SqFt
0
1944
Commerc
King
Seattle Public
Seattle Public
Seattle Public
Residential Incom
Multi-Family
Buyer's Agent Commission
The seller is offering 2.5% of the final sale price of this home to the brokerage or agent representing the buyer. This offer is valid only for participants of the MLS associated with this listing. Learn more.
2.5%
Listing Provided Courtesy of Seth Raddue, Aris360
Krishna Realty data last checked: Jun 08, 2025 01:56 | Listing last modified Feb 07, 2025 22:29,
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Residence Information
0
Composition, Flat
56 - 10+ Units
1944
Poured Concrete
Coin Op Laundry
Features and Utilities
Ceramic Tile, Wall to Wall Carpet
Stucco
Sewer Connected
0
Financial
21399.25
Conventional
04-15-2024
Comparable Information
339
339
Conventional
$2,099,000
$2,099,000
Feb 07, 2025 22:29
Schools
Elementary : Seattle Public N/ARatings Middle : Seattle Public N/ARatings High : Seattle Public N/ARatings
New Roof / Fresh Paint 2024, 5.98% Cap Rate. Remarkable investment opportunity with this fully occupied 16-unit building, strategically positioned in a prime North Seattle location. Boasting a strong 5.98% cap rate, this property offers a solid return on investment. recent upgrades in many units, new roof installed on 1.15.2024, prime location less than 2 miles to Green Lake and within walking distance to NSCC. Positioned on a large corner lot, Highway 99, zoned NC3P75, ideal for future development potential. This investment is not just profitable but also ideally located, perfect for sustained occupancy and growth. Act now to secure this outstanding property in a high-demand area!
