Green Lake Homes with 56 - 10+ Units Style

Welcome to Green Lake, a vibrant neighborhood nestled in the heart of Seattle, Washington. Known for its stunning natural beauty and a rich tapestry of community life, Green Lake offers a unique blend of urban convenience and serene outdoor experiences. The centerpiece of the neighborhood is the picturesque Green Lake Park, a beloved destination for residents and visitors alike. Here, you can enjoy a leisurely stroll or a brisk jog around the 2.8-mile path that encircles the sparkling lake, or partake in various recreational activities such as paddleboarding, rowing, and picnicking on sunny afternoons.

Green Lake is not just about its scenic landscapes; it also boasts a diverse array of shops, cafes, and restaurants that cater to every palate. From cozy coffee shops to gourmet eateries, the local dining scene is sure to please. The neighborhood is also home to a vibrant arts community, with galleries and performance spaces that showcase the talents of local artists.

For those considering a move to this enchanting area, Green Lake offers a variety of housing options, particularly homes with 56 to 10+ units. These multi-family residences provide an excellent opportunity for both investors and those seeking a sense of community. With a mix of classic and contemporary architectural styles, these homes are designed to accommodate a range of lifestyles while fostering connections among neighbors.

Whether you’re drawn to the tranquility of the lake, the lively community spirit, or the diverse housing options, Green Lake is a neighborhood that truly has it all. Come explore what makes this Seattle gem so special!

Newest Green Lake Homes with 56 - 10+ Units Style

$2,900,000

2584164 MLS ⋅ ACTIVE Status

Greenlake Arms is a 10-unit apartment community ideally positioned just blocks from Green Lake and its retail and dining core, one of Seattle's most sought-after residential submarkets. The property boasts a "Very Walkable" Walk Score of 89 and is with a 1-minute walk to the Green Lake PCC, and a 3-minute walk to Green Lake Park. The location also offers excellent connectivity. Quick access to Interstate 5, the Link light rail, downtown Seattle, and the Eastside places tenants within easy reach of the region's largest employment centers, supporting sustained rental demand and tenant retention. Built in 1969 on a 7,000-SF parcel, the property offers a 5.7% cap and 11.3 GRM based on current operations. Roughly half of the units have been renovated with new kitchens and in-unit laundry, giving ownership a track record of successful upgrades and a clear roadmap for completing renovations on the remaining units to capture rent upside. All units feature updated dual-pane windows and nearly all feature updated electrical panels. In addition, supply plumbing is a mix of copper and PEX. This reduces near-term capital needs and supports energy efficiency. Parking is available for 11 vehicles (6 covered spaces and 5 uncovered) - a meaningful amenity in this Green Lake submarket where off-street parking is limited and commands a premium.

7101 6th Avenue NE Unit #1-10, Seattle

Listing Broker: Kidder Mathews; Dan Swanson; 425-444-6501; dan.swanson@kidder.com

$2,300,000

2563692 MLS ⋅ ACTIVE Status

Exceptional investment opportunity just minutes from Green Lake. This well-maintained 11-unit apartment building features a desirable unit mix of nine studios and two one-bedroom units. Professional management is already in place and available to continue operations, offering a seamless transition for a passive investor. The property is zoned LR3 (RC), providing attractive future development potential. Amenities include off-street parking, storage lockers, coin-operated laundry, and individual water heaters for each unit, all replaced in 2023. Five of the eleven units have been remodeled. Ideally located within walking distance of the Roosevelt Light Rail Station, and the Green Lake Park & Ride, ,Convenient access to downtown Seattle, shopping, dining and recreation. A rare opportunity for the move-up investor seeking stable income today and long-term growth potential tomorrow.

6537 Oswego Place NE, Seattle

Listing Broker: Windermere Bellevue Commons; Janice Cai; 425-691-6998; janicecai@windermere.com

$4,495,000

2503530 MLS ⋅ ACTIVE Status

A rare 10-unit apartment portfolio in Green Lake, spanning three buildings across two parcels totaling 8,600 SF of LR2 zoning.The portfolio features a desirable mix of one-, two-, and three-bedroom units, all with private washers and dryers. Seven units are spacious townhome-style layouts (900–1,100 SF) with attached garages, laundry, and storage. A private courtyard garden sits between the buildings, creating a quiet residential feel.Over the past decade, ownership has replaced all wiring and plumbing, fully renovated kitchens and baths, and installed new gas furnaces.This central Green Lake location earns a Walk Score of 96 and is within walking distance of the Roosevelt Light Rail Station, Green Lake Park & Ride, PCC Market, the library, and neighborhood dining.

8001 Densmore Avenue N, Seattle

Listing Broker: Lee & Associates Commercial RE; Sara Bago; 206-773-2674; sbago@lee-associates.com

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