About this home

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.

Exterior features

BrickCement Planked

Schools

Elementary

Green Lake

Middle

Eckstein Mid

High

Roosevelt High

Property details

Heating: Wall Furnace
Cooling: None
Flooring: Hardwood, Carpet
Lot: Curbs, Dead End Street, Paved, Sidewalk
Sewer: Sewer Connected

Costs

Annual taxes: $21,198 (2025)

Estimate your monthly payment

$13,397/mo

Principal & interest: $11,630
Property taxes: $1,767

Down payment (20%) $460,000 Interest rate (%) Loan term (years)

Loan amount $1,840,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Seattle, WA 98115

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Windermere Bellevue Commons— Janice Cai.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

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