6512 Phinney Avenue N, Seattle, WA 98103
- $1,975,000
- 6,467
- SqFt
Listing courtesy of Northmarq Multifamily, LLC.
- List Price
- $1,975,000
- Status
- ACTIVE
- MLS#
- 2520299
- Days on Market
- 80
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Finished SqFt
- 6,467
- Area Total SqFt
- 6467
- Annual Tax Ammount
- 17895
- Lot Size (sq ft)
- 3,413
- Sewer
- Sewer Connected
Property Description
We are pleased to present Bella Marie, a fully occupied six-unit multifamily property with ground-floor retail located in Phinney Ridge, one of Seattle’s most desirable residential neighborhoods. The property consists of two buildings. The main building, constructed in 1950, houses three one-bedroom apartments, a two-story three-bedroom/two-bath penthouse residence with a private rooftop deck overlooking Green Lake, and ground-floor retail along Phinney Ave. A detached one-bedroom townhome, built in 2004, is positioned above three covered parking spaces, providing added privacy and a distinct rental experience. The main building has been fully rewired with newer electrical panels, and all windows have been updated to double-pane vinyl throughout. Offered at a 5.95% in-place capitalization rate with additional upside to market rents, the asset combines stabilized cash flow with an irreplaceable Phinney Ridge location — convenient to Downtown Seattle, South Lake Union, Fremont, and Green Lake, with strong neighborhood walkability and proximity to Woodland Park Zoo.
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Additional Information
- List Date
- 2026-05-07 22:13:17
- Community
- Phinney Ridge
- Net Operating Income
- $117,507
- Gross Adjusted Income
- $170,905
- Gross Scheduled Income
- $177,700
- Total Monthly Income
- $170,905
- Insurance Expenses
- $8,692
- Water/Sewer/Garbage Expenses
- $6,884
- Gross Rent Multiplier
- 11.18
- Total Expenses
- $53,398
- Cap Rate
- 5.95
- Vacancy Rate
- 5
- Total Number of Units
- 6
- Unit Name
- 6512
- Potential Terms
- Cash, Conventional
- Year Built
- 1950
- View
- City, Lake
- Roof
- Composition
- Other Expenses
- 19927
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $170,905
- Gross Scheduled Income
- $177,700
- Vacancy Rate
- 5
- Gross Adjusted Income
- $170,905
- Tax Year
- 2026
- Insurance Expense
- $8,692
- W/S/G Expenses
- $6,884
- Total Expenses
- $53,398
- Net Operating Income
- $117,507
- Gross Rent Multiplier
- 11.18
- Cap Rate
- 5.95
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.