6512 Phinney Avenue N

Seattle, WA 98103

  • Bed

  • Bath

  • 6467 SqFt

  • 2 DOM

  • Built: 1950

  • Status: Active

$1,975,000

X

6512 Phinney Avenue N

Seattle 98103

$1975000

  • Bed

  • Bath

  • 6467 SqFt

  • 2 DOM

  • Built: 1950

  • Status: Active

Srinivas Kasam

CEO & Founder

(650)533-3259

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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