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Street View
Listed by: Gabe Blake (206) 618-2207 , Josh Blake (206) 619-3719 | Blake Investment Advisors (206) 618-2207
$2,800,000
Monthly Est:$13,937
16 Beds
12 Baths
--sqft
6550 Greeenwood Ave N, Seattle, WA 98103
$2,800,000
$13,937/moEst:
Get Pre-Approved
Multi Family
Built in 1961
$-- HOA
6,650 sqft lot
--/sqft
Description
Come tour! $233K per Unit in "A" Location! | The Phinney Apartments is a 12-unit value-add apartment investment opportunity that will be delivered 75% vacant at closing, providing a rare opportunity for a new investor to sidestep many of Seattle’s stringent landlord-tenant regulations and immediately begin renovations on day one. The property is located in the heart of highly desirable Phinney Ridge, just steps from popular neighborhood restaurants and establishments including Red Mill Burgers, El Chupacabra, ThaiKu, Ridgewood Bottle & Tap, GH Pasta & Pizza, and convenient Metro bus service. Supported by a comprehensive renovation budget found in the marketing brochure, a new investor has the potential to achieve a 22.21% leveraged IRR upon sale at the end of Year 3. The unit mix consists of nine one-bedroom units averaging 585 square feet, two two-bedroom units averaging 750 square feet, and one three-bedroom, one-bathroom unit with an additional office, totaling approximately 860 square feet. Each apartment features original 1960's finishes with real hardwood floors underneath the carpeted living spaces. Units 12 & 6 feature in-unit fireplaces. Property amenities include an on-site common laundry room, 12 covered carport parking stalls, and 12 individual storage lockers. The property also features a dedicated maintenance room currently being utilized for owner storage, along with an approximately 400-square-foot bonus room. Come tour!
- Houzeo last checked: 54 minutes ago
- Listing updated: October 27, 2026 at 12:46 am
- Source: Northwest Multiple Listing Service | MLS#: NWM2596693
Property Details
Status
Active
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
Year Built
1961
HOA Fees
-
Finished Area
- sqft
Lot Size
6,650 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2596693
MLS Status
Active
Days on Market
6
Cumulative Days on Market
5
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 16
Bathrooms: 12
Interior
Cooling
None
Exterior Features
Brick
Sewer
Sewer Connected
Heating
Baseboard
Flooring
Hardwood
Construction
Year Built
Year Built: 1961
Home type
Multi Family
Foundation Details
Slab
Construction Materials
Brick
Property Condition
Fixer
Roof
See Remarks
Utilities & Energy
Water Source
Public
Other Features
Subdivision Name
Phinney Ridge
Price History
| Date | Event | Price |
|---|---|---|
10/21/2026 Source: | Listed for Sale | $2,800,000 $0/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 27, 2026, 07:31AM. 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.
IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
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