Property Details
6512 Phinney Avenue N
Seattle, WA 98103
$1,975,000
Active
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Property Overview
We are pleased to present Bella Marie, a fully occupied six-unit multifamily property with ground-floor retail located in Phinney Ridge, one of Seattle’s most desirable residential neighborhoods. The property consists of two buildings. The main building, constructed in 1950, houses three one-bedroom apartments, a two-story three-bedroom/two-bath penthouse residence with a private rooftop deck overlooking Green Lake, and ground-floor retail along Phinney Ave. A detached one-bedroom townhome, built in 2004, is positioned above three covered parking spaces, providing added privacy and a distinct rental experience. The main building has been fully rewired with newer electrical panels, and all windows have been updated to double-pane vinyl throughout. Offered at a 5.95% in-place capitalization rate with additional upside to market rents, the asset combines stabilized cash flow with an irreplaceable Phinney Ridge location — convenient to Downtown Seattle, South Lake Union, Fremont, and Green Lake, with strong neighborhood walkability and proximity to Woodland Park Zoo.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Phinney Ridge
Listed
May 7, 2026
Financial Summary
Cap Rate
5.95%
Net Operating Income
$117,507
Gross Scheduled Income
$177,700
Gross Rent Multiplier
11.18
Total Expenses
$53,398
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
6,467
Leasable Area
5,107 sqft
Total Units
6
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
3,415 sqft
Year Built
1950
Exterior & Lot
Lot Size
0.08 sqft
Year Built
1950
Exterior Materials
Brick, Metal/Vinyl, Wood
Sewer
Sewer Connected
Lot Features
Alley
Exterior Features
Brick, Metal/Vinyl, Wood
Location
City
Seattle
County
King
Coordinates
47.67645, -122.35401
Additional Information
Tax Year
2026
Annual Taxes
$17,895
Possession
Array
Based on information submitted to the MLS GRID as of May 7, 2026 4:30 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
