About this home

Prime Green Lake location just one block from the lake! This fully occupied five-unit property includes two buildings situated on a single tax parcel, offering a total of approximately 3,275 square feet of living space. The west building is a 3-bedroom, 1-bath home with approximately 1,280 square feet, while the east building consists of four 1-bedroom units. The units feature open floor plans and abundant natural light. Property improvements include updated roofs, siding, windows, exterior paint, and electrical systems. Unit #2 was recently remodeled. Additional features include separately metered electrical service, coin-operated laundry, and on-site storage units. With a historically low vacancy rate, strong rental demand, and opportunities to increase income, this property presents an attractive investment opportunity. LR3 zoning may provide additional development potential. Current cap rate: 6.15%.

Exterior features

Schools

Property details

Heating

Baseboard

Cooling

None

Flooring

Hardwood, Laminate, Vinyl, Carpet

View

Territorial

Lot

Corner Lot, Curbs, Paved, Sidewalk

Water source

Public

Sewer

Sewer Connected

Costs

Annual taxes

$11,177 (2025)

Location

Seattle, WA 98103