$1,650,000
5505 NE 65th Street, Seattle, WA 98115
3,610 Sq Ft
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MLS #2448363 / Listing provided by NWMLS & Westlake Associates, Inc..

$1,650,000

5505 NE 65th Street
Seattle, WA 98115

Active 6 days ago · 6 Days
3,610
Sq Ft
$457
Per Sq Ft
1956
Year Built

Burkewood Apartments is an appealing 8-unit multifamily investment in Seattle’s sought-after Hawthorne Hills neighborhood. This well-maintained property, built in 1956, boasts 8 moderately updated 1BD/1BA units on a 6,000 SF lot zoned NR3, offering future redevelopment potential. Burkewood provides strong value-add opportunities via rent increases—current averages of $1,409 per unit could rise to proforma market levels of $1,550, elevating NOI from $86,662 to $110,933 and cap rate from 5.29% to 6.72%. The prime location, near Magnuson Park, the Burke-Gilman Trail, University of Washington, Seattle Children’s Hospital, and University Village, drives tenant appeal in a high-demand, supply-limited area with top schools and amenities.

Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.

Interior Features

Bedrooms

  • Upper Level Bedrooms: 0

Fireplaces

  • Total Fireplaces: 0

Heating & Cooling

  • Heating: Yes
  • Cooling: No
Exterior Features

Parking

  • Parking Total: 5
  • Uncovered Parking Spaces: 5
  • Open Parking Spaces: 5

Structure

  • Roof: Flat, Torch Down
  • Exterior Features: Brick, Wood

Lot Details

  • Lot Features: Alley, Paved, Sidewalk
  • Acres: 0.1377
Area Features

Schools

  • High School District: Seattle

Lot Details

  • Lot Features: Alley, Paved, Sidewalk
  • Acres: 0.1377
Utilities

Power

  • Energy Source: Electric

Water, Sewer, and Garbage

  • Sewer: Sewer Connected
  • Water, Sewer, and Garbage: 8988
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Julie Anderson

Julie Anderson
Broker | REALTOR®

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