508 NE 71st Street Seattle WA 98115 MLS #NWM2413752

Listing Provided Courtesy of Capstone Commercial
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.

Property Details

Price:
$1,950,000
MLS #:
NWM2413752
Status:
Active
Beds:
0
Baths:
0
Address:
508 NE 71st Street
Type:
Multi Family
Subdivision:
Green Lake
Neighborhood:
705 – Ballard/Greenlake
City:
Seattle
Listed Date:
Jul 25, 2025
State:
WA
Finished Sq Ft:
4,419
Total Sq Ft:
4,419
ZIP:
98115
Lot Size:
4,000 sqft / 0.09 acres (approx)
Year Built:
1971
Units:
5

Schools

School District:
Seattle

Interior

Cooling
None
Heating
Baseboard

Exterior

Construction Materials
Stucco
Exterior Features
Stucco
Parking Spots
5
Roof
Composition

Financial

Net Operating Income
$106,844
Tax Year
2025
Taxes
$13,011

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508 NE 71st Street
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