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… Read More 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. Read Less
Listing courtesy of Northmarq Multifamily, LLC
Listing Snapshot
Cumulative Days On Market
2
Days on Website
2
Last Updated
Property Type
Multi Family
Square Ft.
6,467
Lot Size
0.08 Acres
Year Built
1950
Property Tax
$17,895
MLS Number
2520299
30 Days Snapshot Of 98103
$1.05M
+1%
(avg) sold price
62
-11%
homes sold
42
-6%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Building Area Total: 6467, Building Area Units: Square Feet, Calculated Square Footage: 6467, Elevation Units: Feet, Leasable Area: 5107, Living Area: 0, Number Of Units Total: 6, Stories Total: 3, Structure Type: "Multi Family", Units In Building Total: 6, Year Built: 1950, Year Built Effective: 1950
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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