WA > Seattle > Hawthorne Hills
Seattle, WA 98115,5505 NE 65th ST
Seattle, WA 98115,5505 NE 65th ST
Seattle, WA 98115,5505 NE 65th ST
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$1,650,000
Est. payment /mo
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8 Beds
8 Baths
3,610 SqFt
Pending

5505 NE 65th ST Seattle, WA 98115

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Whitney Johnson

Whitney Johnson

+1(509) 240-6438

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Square Footage 3,610 sqft

Price per Sqft $457

Subdivision Hawthorne Hills

MLS Listing ID 2448363

Style 55 - 5-9 Units

Bedrooms 8

Year Built 1956

Annual Tax Amount $13,362

Lot Size 6,000 Sqft

Property Sub-Type Multi Family

Property Description

Burkewood Apartments is an appealing 8-unit multifamily investment in Seattle's sought-after Hawthorne Hills neighborhood. This well-maintained property, built in 1956, boasts 8 moderately updated 1BD/1BA units on a 6,000 SF lot zoned NR3, offering future redevelopment potential. Burkewood provides strong value-add opportunities via rent increases—current averages of $1,409 per unit could rise to proforma market levels of $1,550, elevating NOI from $86,662 to $110,933 and cap rate from 5.29% to 6.72%. The prime location, near Magnuson Park, the Burke-Gilman Trail, University of Washington, Seattle Children's Hospital, and University Village, drives tenant appeal in a high-demand, supply-limited area with top schools and amenities.

Location

State WA

County King

Area 710 - North Seattle

Interior

Flooring Laminate, Vinyl Plank

Fireplace false

Exterior

Exterior Feature Brick, Wood

View Y/N No

Roof Type Flat,Torch Down

Building

Lot Description Alley, Paved, Sidewalk

Sewer Sewer Connected

New Construction No

Schools

School District Seattle

Others

Senior Community No

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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Whitney Johnson

Whitney Johnson

Owner/Broker | License ID: 90947

+1(509) 240-6438

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