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$1,499,990   Price Analysis
USDAProperties Agent Contact Page  Agent Details  share icon     map icon  QR
6565 5th Ave NE
Seattle, WA 98115
Unknown bed None bath 3,020 SqFt ($496/SqFt)
4,500SqFt lot. Built 1921
Listed 2024-07-15, Taxes $9,881
Ⓧ USDA Ineligible
due to price & location

near Seattle

Incredible development opportunity in th heart of Green Lake!

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

Fantastic location steps from Green Lake Park, an outdoor enthusiast's playground with swimm ing, 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.


Presented by Sheri Putzke at
Windermere Real Estate/East - Yarrow Bay.
Listing Agent Photo

Property MLS #2265205 from NWMLS

Hardwood
Wall to Wall Carpet
Flooring: Hardwood, Vinyl, Wall to Wall Carpet

Heating Features: Forced Air
Heating Fuel: Electric, Natural Gas
Heating: Yes

Wood

Lot Description: Curbs, Paved Street, Sidewalk, ValueValue In Land
Lot Size Acres: 0.1033058
Lot Size Square Feet: 4500

Elementary School: Green Lake
High School: Roosevelt High
High School District: Seattle
Middle School: Eckstein Mid

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

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

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

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

Number of Units: 1
Bedrooms in Unit-1: 5
Total Bathrooms in Unit-1: 1
Unit-1 Description: 1
Unit-1 Square Feet: 3020
Unit 1 Total Actual Rent: 4500

Leasable Area: 3020
Leasable Area Units: Square Feet

Calculated Total Monthly Association Fees: 0

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: Multi-Family
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: Multi-Family, Residential
Source System Name: C2C
Buyer Agent Commission: 2.5

YearAssessments
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

Listing removed 2024-07-16
$0
NWMLS
Listing removed 2024-07-16
$0
NWMLS
Listed 2024-07-15
$1,499,990
NWMLS
Listed 2024-07-15
$1,499,990
NWMLS
Listing removed 2024-05-30
$0
NWMLS
Listing removed 2024-05-30
$0
NWMLS
Listed 2024-05-30
$1,675,000
NWMLS
Listed 2024-05-29
$1,675,000
NWMLS
Listed 2024-04-29
$1,799,000
NWMLS
Listed 2024-04-26
$1,799,000
NWMLS
Listing removed 2022-03-11
$0
NWMLS
Listing removed 2022-03-11
$0
NWMLS
Sold 2022-03-10
$1,350,000
NWMLS
Listed 2022-02-18
$1,350,000
NWMLS
Listed 2022-02-17
$1,350,000
NWMLS

Operating Expense: 11172

Power Production Type: Electric, NaturalGas
Sewer: Sewer Connected
Water Source: Public

Building Area Total: 3020
Building Area Units: Square Feet
Foundation Details: Poured Concrete
Living Area Units: Square Feet
Property Age: 103
Property Condition: Fair
Roof: Composition
Building Total Stories: 1
Structure Type: Multi Family
House Style: 10+ Units
Elevation Units: Feet
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.