Property Details
6515 5th Avenue NE
Seattle, WA 98103
$1,995,000
Active
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Property Overview
Nestled in Seattle's most coveted Green Lake neighborhood, this well-maintained 7-unit apartment building offers an exceptional foundation for multifamily investment. Located just steps from the iconic Green Lake Park, the property features an attractive mix of one and two-bedroom units generating consistent, stable rental income in one of the city's most sought-after submarkets. This is an ideal opportunity for both experienced and emerging investors seeking exposure to Seattle's resilient rental market. The property benefits from strong tenant demand, proven longevity, and a premier location in one of the Pacific Northwest's strongest performing neighborhoods—positioning it perfectly for investors looking to build wealth through long-term appreciation and steady cash flow.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Green Lake
Listed
Jul 29, 2026
Structure Type
Multi Family
Parcel Number
9528104475
Tax & HOA
Annual Property Tax
$16,528 (2025)
Est. Monthly Tax
$1,377/mo
Financial Summary
Cap Rate
6.03%
Net Operating Income
$120,209
Gross Scheduled Income
$181,308
Gross Rent Multiplier
11.00
Total Expenses
$55,660
Vacancy Rate
3.0%
Building & Use
Building Sq Ft
3,912
Leasable Area
3,912 sqft
Total Units
3
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
5,001 sqft
Year Built
1958
Exterior & Lot
Lot Size
0.11 sqft
Year Built
1958
Exterior Materials
Stone
Sewer
Sewer Connected
Water Source
Public
Lot Features
Alley, Paved, Sidewalk
Exterior Features
Stone
Community & Access
Directions
North on I-5, exit 170 for Ravenna Blvd toward NE 65th St, Take NE Ravenna Blvd to 5th Ave NE, left onto 8th Ave NE, left onto NE Ravenna Blvd, Turn left onto NE 65th St, Turn right onto 5th Ave NE
Location
City
Seattle
County
King
Coordinates
47.67622, -122.32381
Additional Information
Tax Year
2025
Annual Taxes
$16,528
Possession
Array
Based on information submitted to the MLS GRID as of August 5, 2026 6:00 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.
