Green Lake 5 Unit

508 NE 71st St, Seattle, WA 98115

  • For Sale $1,950,000
  • Property Type Multi-Family
  • Property Size 3,336 SF
  • Units 5
  • Lot Size 0.09 Acre
  • Parking Spaces Avail. 5
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1971
  • Date Updated Jul 31, 2025
Discover the allure of Seattle's vibrant neighborhood surrounding the property. Nestled in the heart of the city's thriving commercial district, the location boasts easy access to renowned business establishments like University Village, a premier shopping and office complex housing a wide array of retail and office spaces. With a diverse mix of dining options and trendy cafes just steps away, the area cultivates a dynamic environment ideal for attracting and retaining top talent. Additionally, the property enjoys close proximity to the University of Washington, a renowned research institution, and is conveniently positioned near major transportation hubs, creating convenient connectivity for employees and clients. Explore the countless opportunities that await in this dynamic and bustling neighborhood.Introducing a prime investment opportunity in the vibrant city of Seattle. 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 any seasoned investor. Situated in the highly sought-after Seattle 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 real estate portfolio.
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Highlights

  • 100% occupancy
  • 3,336 SF building
  • 5 units
  • Built in 1971
  • Strategic Seattle location
  • Zoned LR3(M)

Contacts

broker
Ian Brown

Capstone Commercial

Location

Getting Around

  • Walk Score ®

    95/100 Walker's Paradise

  • Transit Score ®

    63/100 Good Transit

  • Bike Score ®

    85/100 Very Bikeable
Powered by Walk Score ®
  • City Seattle, WA
  • Neighborhood Green Lake
  • Zip Code 98115
  • Market Seattle

Points of Interest

  • Brooklyn Avenue & 45th Street

    1.41 miles

  • U District

    1.43 miles

  • 43rd Street & Brooklyn Avenue

    1.47 miles

  • Northgate

    1.59 miles

  • NE 130th Street

    3.01 miles

  • Fairview & Campus Drive

    3.68 miles

  • Westlake & Mercer

    3.96 miles

  • Terry & Mercer

    4.00 miles

  • Terry & Thomas

    4.14 miles

  • Westlake & Thomas

    4.15 miles

  • 76

    0.30 miles

  • Shell

    0.34 miles

  • Chevron

    0.71 miles

  • 7-Eleven

    1.11 miles

  • Arco

    1.27 miles

  • Legrand

    1.57 miles

  • eVgo

    1.59 miles

  • ChargePoint

    1.66 miles

  • Tesla Supercharger

    1.70 miles

  • Electrify America

    1.78 miles

  • Green Lake Park & Ride

    0.31 miles

  • Fairview Christian School Parking

    0.39 miles

  • Greenlake Bathhouse/Theater

    0.91 miles

  • Ace Hardware Parking

    0.99 miles

  • University Heights Center North Parking Lot

    1.07 miles

  • University Heights Center South Parking Lot

    1.12 miles

  • Greenlake

    1.18 miles

  • Woodland Park North Tennis Courts

    1.22 miles

  • DSHS & Worksource Client Parking

    1.25 miles

  • North Parking Lot

    1.28 miles

  • Greenlake Guest House

    0.58 miles

  • Everspring Inn

    1.19 miles

  • Travelodge Seattle North of Downtown

    1.25 miles

  • Adelaide Apartment

    1.28 miles

  • Residence Inn Seattle University District

    1.33 miles

  • Hampton Inn & Suites

    1.33 miles

  • Oak Tree Motel

    1.34 miles

  • Graduate by Hilton Seattle

    1.35 miles

  • The Motel Georgian

    1.37 miles

  • The Collegiana

    1.43 miles

  • Toast Mi

    0.10 miles

  • Rosita's Mexican Grill

    0.11 miles

  • Tapas Lab

    0.11 miles

  • Da Long Yi Hot Pot

    0.11 miles

  • Mykonos Greek Grill

    0.13 miles

  • Wooden City Tavern

    0.15 miles

  • Greenlake Grill

    0.15 miles

  • O' Ginger Bistro

    0.19 miles

  • Thai Ocean

    0.19 miles

  • Local Bigger Burger

    0.22 miles

  • La Escuelita Bilingual School

    0.12 miles

  • Seattle Jewish Community School

    0.14 miles

  • Seattle Institute of Oriental Medicine

    0.17 miles

  • John Marshall School

    0.21 miles

  • Hazel Wolf K-8

    0.22 miles

  • New Discovery School

    0.23 miles

  • Green Lake Elementary School

    0.39 miles

  • Fairview Christian School

    0.41 miles

  • Roosevelt High School

    0.46 miles

  • Saint Catherine of Siena Parish School

    0.75 miles

  • José Martí Child Development Center

    0.35 miles

  • Cooperative Children’s Center

    0.92 miles

  • KinderCare

    1.31 miles

  • Interlake Childcare and Learning Center

    1.39 miles

  • Pinehurst Childcare Center

    1.51 miles

  • Early Learning and Development Center

    1.57 miles

  • Willow Creek Children's House

    1.63 miles

  • Bright Horizons

    1.64 miles

  • Wallingford Child Care Center

    1.64 miles

  • North Seattle Fives Preschool

    1.70 miles

Frequently Asked Questions

How much does Green Lake 5 Unit cost?

The space currently listed for sale at Green Lake 5 Unit asks for $1,950,000.

What is the total square footage of Green Lake 5 Unit?

Green Lake 5 Unit totals 3,336 square feet.

When was this property built?

Green Lake 5 Unit was built in 1971.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker
broker
Ian Brown

Capstone Commercial

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