Introducing a prime multi-family investment opportunity in one of Seattle's most desirable areas. This property encompasses a 3,336 SF building featuring 5 well-maintained units, providing a strong foundation for substantial rental income. Built in 1971, this low-rise gem is strategically zoned LR3(M), offering potential for future development and growth. Enjoy the assurance of immediate returns with a 100% occupancy rate, making this an attractive prospect for a seasoned investor. Situated in the desirable Green Lake area, this property presents an excellent chance to capitalize on the enduring demand for multifamily residences in this bustling market. Don't miss the chance to add this high-performance asset to your portfolio.
Active
Listed by:
Ian Brown,
Capstone Commercial,
Ryan Downing,
Capstone Commercial
$1,950,000
508 NE 71st Street, Seattle, WA 98115
5beds
5baths
4,419sqft
Est.:
Multi Family
Built in 1971
-- sqft lot
$-- Zestimate®
$441/sqft
$-- HOA
What's special
- 4 days
- on Zillow |
- 202 |
- 8 |
Zillow last checked: 7 hours ago
Listing updated: July 30, 2025 at 02:30pm
Listed by:
Ian Brown,
Capstone Commercial,
Ryan Downing,
Capstone Commercial
Source: NWMLS,MLS#: 2413752

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
Heating
- Baseboard, Electric
Cooling
- None
Features
- Has fireplace: No
Interior area
- Total structure area: 4,419
- Total interior livable area: 4,419 sqft
Property
Parking
- Total spaces: 5
- Parking features: Open
- Carport spaces: 3
- Uncovered spaces: 2
Lot
- Size: 3,998.81 Square Feet
Details
- Parcel number: 9137101675
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stucco
- Roof: Composition
Condition
- Year built: 1971
Utilities & green energy
- Sewer: Sewer Connected
Community & HOA
Community
- Subdivision: Green Lake
Location
- Region: Seattle
Financial & listing details
- Price per square foot: $441/sqft
- Tax assessed value: $1,347,000
- Annual tax amount: $13,011
- Date on market: 7/24/2025
- Listing terms: Cash Out
- Cumulative days on market: 9 days
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