7101 6th AVE NE #1-10, Seattle, WA 98115
7101 6th AVE NE #1-10, Seattle, WA 98115
7101 6th AVE NE #1-10, Seattle, WA 98115
7101 6th AVE NE #1-10, Seattle, WA 98115
7101 6th AVE NE #1-10, Seattle, WA 98115
7101 6th AVE NE #1-10, Seattle, WA 98115
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Michael Green

Michael Green

+1(405) 227-5773
Listed by:Kidder Mathews • Dan Swanson
$ 2,900,000
Est. payment | /mo

13 Beds

10 Baths

7,746 SqFt

Save
$ 2,900,000
Est. payment | /mo
Save

13 Beds

10 Baths

7,746 SqFt

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

New Construction No

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

Province 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

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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7101 6th AVE NE #1-10

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