Property Details

515 Burke Ave N
Seattle, WA 98103
$4,950,000
CBA# 705822 courtesy of CBA Listing firm: Kidder Mathews

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515 Burke Ave N, Seattle

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Commercial
Property Type
12,996
Bldg Sq Ft
19
Units
4.00%
Cap Rate
1928
Year Built

Property Overview

19-unit 1928 Spanish-Mediterranean apartment building in the heart of Wallingford, adjacent to QFC and minutes from Fremont and Green Lake with easy access to I-5 and Hwy 99. Designed by H.D. McKnight, the property features spacious units averaging 684 SF, Spanish stucco with brick veneer, hardwood floors, built-in storage, and distinctive architectural details. Strategic renovations offer meaningful income upside and a rare chance to own a pre-1940s asset in this tightly held submarket.

Property Details

Property Information

Property Type Commercial Sale
Status Available
County King
Listed Mar 3, 2026

Financial Summary

Cap Rate 4.00%

Building & Use

Building Sq Ft 12,996
Total Units 19
Zoning NC2-55 (M)
Possible Use Multi-Family
Year Built 1928

Exterior & Lot

Year Built 1928

Location

City Seattle
County King
Coordinates 47.66190, -122.33500
Listed By
Winslow Lee
Kidder Mathews

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