Rare opportunity to acquire Blanchet Heights, a 6-unit townhome-style multifamily property just north of Green Lake. Built in 1963, the property consists of two well-maintained triplex buildings, each offering two 3-bedroom / 2-bath units and one 4-bedroom / 2-bath unit. Spacious units averaging approx. 1,450 SF feature fireplaces, rec rooms,… Read More and full-size in-unit washer/dryers. The property is 100% tenant occupied and benefits from strong demand for large rental units in this desirable North Seattle location. Legally established as a condominium with six individual tax parcels, Blanchet Heights offers investors multiple strategies: continue operating as a stable 6-unit multifamily asset or explore potential future individual unit sales, or future redevelopment potential (buyer to verify). Ideally located near North Seattle College, Northgate Station light rail, Northgate Mall redevelopment, and major transit corridors, providing convenient access to employment centers, retail, and transit. 6.2% CAP RATE Read Less
Listing courtesy of Lotside
Listing Snapshot
Cumulative Days On Market
51
Days on Website
52
Last Updated
Property Type
Multi Family
Square Ft.
8,378
Lot Size
0.27 Acres
Year Built
1963
Property Tax
$23,270
MLS Number
2492985
30 Days Snapshot Of 98103
$988k
-6%
(avg) sold price
65
-2%
homes sold
45
+4%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Building Area Total: 8378, Building Area Units: Square Feet, Building Name: BLANCHET HEIGHTS, Calculated Square Footage: 8378, Elevation Units: Feet, Leasable Area: 8378, Living Area: 0, Number Of Units Total: 6, Stories Total: 2, Structure Type: "Multi Family", Units In Building Total: 6, Year Built: 1963
Property Condition: "Good", Site Features: Dog Run, High Speed Internet, Zoning Description: Multi-Family
Roof
Roof: "Composition"
Sewer
Sewer: "Sewer Connected", Sewer Company: City of Seattle
Utilities
Electric Expense: 0, Fuel Expense: 0, Power Company: Seattle City Light, Power Production Type: "Electric", Water Company: City of Seattle, Water Source: "Public"
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listings last updated on ,
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