Incredible development opportunity in the heart of Green Lake!

This level lot is zoned LR3 and is in the final stage of permitting. Future 17 unit build ing offering studio, one and two bedrooms has strong cap rate potential. Current home can provide rental income through start of constructon.

Fantastic location steps from Green Lake Park, an outdoor enthusiast's playground with swimming, fishing, paddle boats, biking, pickleball, wading pool and more. Enjoy a variety dining options with everything from neighborhood coffee shops to fine cuisine. Excellent commuter options nearby with quick, easy access to downtown.

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on 6565 5th Ave NE
in Seattle, WA
Presented by Sheri Putzke at
Windermere Real Estate/East - Yarrow Bay.


Property MLS #2244745 from NWMLS

+ Reveal additional info including schools and tax history

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+ Land Info

Corners Flagged
Lot Description: Curbs, Paved Street, Sidewalk
Lot Size Acres: 0.1033058
Topography: Level
Lot Size Square Feet: 4500

+ Exterior and Lot Features

Roads: Paved
Road Surface Type: Paved

+ School Information

Elementary School: Green Lake
High School: Roosevelt High
High School District: Seattle
Middle School: Eckstein Mid
+ Display Complete School Details

Green Lake Elementary School is a public elementary school located approximately 0.2 miles away.
Map directions

Roosevelt High School is a public high school located approximately 0.6 miles away.
Map directions

Eckstein Middle School is a public middle school located approximately 1.4 miles away.
Map directions

Hawthorn Schools is a private high school located approximately 0.1 miles away.
Map directions

+ Homeowners Association

Calculated Total Monthly Association Fees: 0

+ Other Property Info

Annual Tax Amount: 11172
Source Listing Status: Active
Country Region: US
County: King
Directions: From I-5 N: Exit 170 for Ravenna Blvd toward NE 65th St. Slight left onto Ravenna Blvd, Slight left onto NE 65th St, Right onto 5th Ave NE. Home is on the left.
Tax Year: 2024
Source Property Type: Vacant Land
Possible Use: Multi-Family, Residential
Area: 705 - Ballard/Greenlake
List Development Name: Green Lake
Source Neighborhood: Green Lake
Parcel Number: 9528104280
Street Suffix Modifier: Avenue
Subdivision: Green Lake
Zoning: MultiFamily, Residential
Zoning Description: LR3
Property Features: CornersFlagged
Source System Name: C2C
Buyer Agent Commission: 2.5
+ Reveal Tax History

Year	Assessments Building + Land Total	Tax
2023	$87,000 + $1,067,000 $1,154,000	$9,881
2022	$54,000 + $940,000 $994,000	$9,259
2021	$172,000 + $665,000 $837,000	$8,255
2020	$190,000 + $686,000 $876,000	$8,516
2019	$181,000 + $700,000 $881,000	$7,697
2018	$159,000 + $613,000 $772,000	$7,750
2017	$145,000 + $557,000 $702,000	$6,823
2016	$130,000 + $507,000 $637,000	$6,341
2015	$118,000 + $455,000 $573,000	$5,584
2014	$103,000 + $400,000 $503,000	$5,418
2013	$237,000 + $276,000 $513,000	$5,611
2012	$230,000 + $280,000 $510,000	$5,419
2011	$230,000 + $280,000 $510,000	$5,110
2009	$289,000 + $330,000 $619,000	$5,096
2007	$258,000 + $300,000 $558,000	$4,134

+ Reveal Property Sale History

Listing removed 2024-05-30
$0
NWMLS

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Listing removed 2024-05-30
$0
NWMLS

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Listed 2024-05-30
$1,675,000
NWMLS

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Listed 2024-05-29
$1,675,000
NWMLS

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Listed 2024-04-29
$1,799,000
NWMLS

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Listed 2024-04-26
$1,799,000
NWMLS

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Listing removed 2022-03-11
$0
NWMLS

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Listing removed 2022-03-11
$0
NWMLS

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Sold 2022-03-10
$1,350,000
NWMLS

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Listed 2022-02-18
$1,350,000
NWMLS

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Listed 2022-02-17
$1,350,000
NWMLS

+ Utilities

Electric: On Property
Electric On Property: Yes
Gas: On Property
Sewer: On Property
Gas
Electricity Connected
Water Source: On Property

+ Building and Construction

Building Area Units: Square Feet
Living Area Units: Square Feet
Structure Type: Multi Family
House Style: Multi-Family
Elevation Units: Feet