Property Details

6515 5th Ave NE
Seattle, WA 98115
$1,995,000
CBA# 712916 courtesy of CBA Listing firm: Pacific Crest Real Estate LLC

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6515 5th Ave NE, Seattle

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Commercial
Property Type
3,915
Bldg Sq Ft
7
Units
5.00%
Cap Rate
1958
Year Built

Property Overview

We proudly present Green Lake Park Apartments — a well-maintained 7-unit residential building perfectly positioned in one of Seattle's most coveted neighborhoods, just blocks from Green Lake Park.Location is everything in real estate, and few addresses in Seattle carry the weight that Green Lake does. The neighborhood is anchored by Green Lake Park itself — one of the city's most iconic and heavily used green spaces, drawing residents year-round with its 2.8-mile loop trail, swimming beaches, open recreation areas, and a vibrant surrounding streetscape of restaurants, cafés, fitness studios, and neighborhood retail. This isn't a neighborhood that cycles in and out of favor — Green Lake has been one of Seattle's most consistently desirable places to live for decades, and that sustained demand is exactly what protects and grows an investor's asset over time.The location also benefits from exceptional connectivity — minutes from the University of Washington, major employment corridors, and Seattle's broader urban core — placing this property at the intersection of multiple strong demand drivers that collectively insulate it from market softness and support long-term appreciation.For an investor, Green Lake Park Apartments represents more than a stabilized income-producing asset. It's a strategically located property in a neighborhood where demand is structural, not cyclical — the kind of irreplaceable real estate that quietly compounds value year after year while remaining one of the most competitive and sought-after addresses in the entire Seattle market.

Property Details

Property Information

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

Financial Summary

Cap Rate 5.00%

Building & Use

Building Sq Ft 3,915
Leasable Area 3,915 sqft
Total Units 7
Zoning LR3(M)
Possible Use Multi-Family
Year Built 1958

Exterior & Lot

Year Built 1958

Location

City Seattle
County King
Coordinates 47.67620, -122.32400
Listed By
Alan Wileman
Pacific Crest Real Estate LLC

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