719 N 85th Street, Seattle, WA 98103
- $1,130,000
- 4,150
- SqFt
Listing courtesy of Lee & Associates Commercial RE. Selling Office: Lee & Associates Commercial RE.
- Sold Price
- $1,130,000
- List Price
- $1,295,000
- Status
- SOLD
- MLS#
- 2440132
- Closing Date
- Apr 15, 2026
- Days on Market
- 142
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Finished SqFt
- 4,150
- Area Total SqFt
- 4150
- Annual Tax Ammount
- 12718
- Lot Size (sq ft)
- 6,457
- Sewer
- Sewer Connected
Property Description
Greenwood 6 is a well-maintained apartment building. This asset provides immediate cash flow and the opportunity to increase NOI through rent increases. Further opportunity lies in value-add play through cosmetic upgrades, and the addition of in-unit laundry presents a straightforward path to increasing rental income. Located just blocks from Greenwood’s vibrant commercial core, the property benefits from an exceptionally walkable location with strong transit access. The building is positioned back from 85th, with six onsite parking spaces, screened by mature evergreen trees for privacy. Notably, the property includes a large two bedroom unit well-suited for owner occupancy, with potential for expansion and customization.
Additional Information
- List Date
- 2025-11-24 00:00:00
- Community
- Greenwood
- Net Operating Income
- $67,150
- Gross Adjusted Income
- $104,866
- Gross Scheduled Income
- $104,866
- Total Monthly Income
- $9,147
- Insurance Expenses
- $4,069
- Gross Rent Multiplier
- 13.2
- Total Expenses
- $36,215
- Cap Rate
- 5.2
- Vacancy Rate
- 5
- Total Number of Units
- 6
- Unit Name
- 719
- Potential Terms
- Cash, Conventional
- Year Built
- 1969
- Roof
- Flat
- Site Features
- Deck, Fenced-Partially
- Electric Expenses
- 9059
- Other Expenses
- 10369
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $9,147
- Gross Scheduled Income
- $104,866
- Vacancy Rate
- 5
- Gross Adjusted Income
- $104,866
- Tax Year
- 2025
- Insurance Expense
- $4,069
- Total Expenses
- $36,215
- Net Operating Income
- $67,150
- Gross Rent Multiplier
- 13.2
- Cap Rate
- 5.2
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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.