Property Details
2012 NE 65th Street
Seattle, WA 98115
$1,199,000
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Property Overview
Perched above street level in the heart of Ravenna's NE 65th commercial district and canopied by mature trees, this converted craftsman commercial building blends warmth and professionalism. A welcoming lobby leads to five office spaces, while upstairs, two skylit offices open off a second waiting area — an ideal setup for a variety of users. The property features a covered porch, basement, detached garage, and three off-street parking spaces on a nearly 4,600SF corner lot with alley access. Just 8 blocks from Roosevelt Station light rail in a vibrant urban village. Strong bones for an owner/user ready to collect existing rental income, or a savvy investor eyeing NC255 (M) zoning and the area's redevelopment potential.
Property Details
Property Information
Property Type
Commercial Sale
Subtype
Commercial Industrial
Status
Active
County
King
Neighborhood
Ravenna
Listed
Jun 5, 2026
Original Price
$1,299,000
Structure Type
Office
Parcel Number
2038500145
Tax & HOA
Annual Property Tax
$15,458 (2026)
Est. Monthly Tax
$1,288/mo
Financial Summary
Cap Rate
2.90%
Net Operating Income
$38,695
Gross Scheduled Income
$65,665
Gross Rent Multiplier
19.80
Total Expenses
$25,964
Total Actual Rent
$6,715/mo
Vacancy Rate
3.0%
Building & Use
Total Units
8
Zoning
Commercial
Possible Use
Commercial
Year Built
1922
Exterior & Lot
Lot Size
0.11 sqft
Year Built
1922
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Exterior Features
Wood
Community & Access
Directions
Map to 2012 NE 65th Street, Seattle.
Location
City
Seattle
County
King
Coordinates
47.67600, -122.30597
Additional Information
Tax Year
2026
Annual Taxes
$15,458
Possession
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