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$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 courtesy of Kidder Mathews.

$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 courtesy of Windermere Bellevue Commons.

$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 courtesy of Lee & Associates Commercial RE.

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