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719 N 85th St
Seattle, WA 98103
Greenwood 6 · Multifamily Property For Sale
·
6 Units
EXECUTIVE SUMMARY
Lee & Associates is pleased to present Greenwood 6, a well-maintained six unit apartment building. Built in 1969, this asset provides immediate cash flow and the opportunity to increase NOI through rent increases.
Further opportunity lies in value-add play through cosmetic upgrades and the addition of in-unit laundry presents a straightforward path to increasing rental income.
Located just blocks from Greenwood’s vibrant commercial core, the property benefits from an exceptionally walkable location with strong transit access.
The building is thoughtfully positioned back from 85th Street, with six onsite parking spaces, one per unit, screened by mature evergreen trees for privacy.
Notably, the property includes a large two-bedroom unit well-suited for owner-occupancy, with potential for expansion and customization.
This opportunity is ideal for investors seeking a foothold in a high-demand neighborhood with both immediate stability and long-term upside potential.
Further opportunity lies in value-add play through cosmetic upgrades and the addition of in-unit laundry presents a straightforward path to increasing rental income.
Located just blocks from Greenwood’s vibrant commercial core, the property benefits from an exceptionally walkable location with strong transit access.
The building is thoughtfully positioned back from 85th Street, with six onsite parking spaces, one per unit, screened by mature evergreen trees for privacy.
Notably, the property includes a large two-bedroom unit well-suited for owner-occupancy, with potential for expansion and customization.
This opportunity is ideal for investors seeking a foothold in a high-demand neighborhood with both immediate stability and long-term upside potential.
PROPERTY FACTS
| Price Per Unit | $295,161 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.20% | Building Size | 4,260 SF |
| No. Units | 6 | Average Occupancy | 96% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1969 |
| Apartment Style | Low-Rise | Parking Ratio | 1/1,000 SF |
| Zoning | LR2 (M) | ||
| Price Per Unit | $295,161 CAD |
| Sale Type | Investment |
| Cap Rate | 5.20% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,260 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 1/1,000 SF |
| Zoning | LR2 (M) |
AMENITIES
UNIT AMENITIES
- Balcony
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | 450 |
| 1+1 | 4 | - | 650 |
| 2+2 | 1 | - | 1,100 |
PROPERTY TAXES
| Parcel Number | 643100-0935 | Improvements Assessment | $1,368 CAD |
| Land Assessment | $1,721,870 CAD | Total Assessment | $1,723,237 CAD |
PROPERTY TAXES
Parcel Number
643100-0935
Land Assessment
$1,721,870 CAD
Improvements Assessment
$1,368 CAD
Total Assessment
$1,723,237 CAD
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