13
See all 13 photos
Listed by:Kidder Mathews • Dan Swanson
$2,900,000
Est. payment /mo
13 Beds
10 Baths
7,746 SqFt
New
7101 6th AVE NE #1-10 Seattle, WA 98115
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,746 sqft
Price per Sqft $374
Subdivision Green Lake
MLS Listing ID 2584164
Style 56 - 10+ Units
Bedrooms 13
Year Built 1969
Annual Tax Amount $27,854
Lot Size 7,000 Sqft
Property Sub-Type Multi Family
Property Description
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.
Location
State WA
County King
Area 705 - Ballard/Greenlake
Interior
Fireplace false
Exterior
Exterior Feature Stucco
View Y/N No
Roof Type Flat
Building
Lot Description Corner Lot, Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Green Lake
Middle Schools Eckstein Mid
High Schools Roosevelt High
School District Seattle
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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