7101 6th Avenue NE Unit #1-10, Seattle, WA 98115
- $2,900,000
- 7,746
- SqFt
Listing courtesy of Kidder Mathews.
- List Price
- $2,900,000
- Status
- ACTIVE
- MLS#
- 2584164
- Days on Market
- 0
- Style
- 56 - 10+ Units
- Finished SqFt
- 7,746
- Area Total SqFt
- 7746
- Annual Tax Ammount
- 27854
- Lot Size (sq ft)
- 7,000
- Sewer
- Sewer Connected
Property Description
Greenlake Arms is a 10-unit apartment community ideally positioned just blocks from Green Lake and its retail and dining core, one of Seattle's most sought-after residential submarkets. The property boasts a "Very Walkable" Walk Score of 89 and is with a 1-minute walk to the Green Lake PCC, and a 3-minute walk to Green Lake Park. The location also offers excellent connectivity. Quick access to Interstate 5, the Link light rail, downtown Seattle, and the Eastside places tenants within easy reach of the region's largest employment centers, supporting sustained rental demand and tenant retention. Built in 1969 on a 7,000-SF parcel, the property offers a 5.7% cap and 11.3 GRM based on current operations. Roughly half of the units have been renovated with new kitchens and in-unit laundry, giving ownership a track record of successful upgrades and a clear roadmap for completing renovations on the remaining units to capture rent upside. All units feature updated dual-pane windows and nearly all feature updated electrical panels. In addition, supply plumbing is a mix of copper and PEX. This reduces near-term capital needs and supports energy efficiency. Parking is available for 11 vehicles (6 covered spaces and 5 uncovered) - a meaningful amenity in this Green Lake submarket where off-street parking is limited and commands a premium.
/t.realgeeks.media/resize/300x/https://u.realgeeks.media/lakecavanaughrealty%252FLCRElogoeddie.png)
Additional Information
- List Date
- 2026-09-17 21:13:12
- Community
- Green Lake
- Net Operating Income
- $165,427
- Gross Adjusted Income
- $244,782
- Gross Scheduled Income
- $256,729
- Total Monthly Income
- $21,394
- Insurance Expenses
- $5,376
- Water/Sewer/Garbage Expenses
- $13,056
- Gross Rent Multiplier
- 11.3
- Total Expenses
- $79,355
- Cap Rate
- 5.7
- Vacancy Rate
- 465372
- Total Number of Units
- 10
- Unit Name
- 7101
- Potential Terms
- Cash, Conventional
- Year Built
- 1969
- Roof
- Flat
- Other Expenses
- 33069
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Green Lake
- Middle School
- Eckstein Mid
- High School
- Roosevelt High
- Total Monthly Income
- $21,394
- Gross Scheduled Income
- $256,729
- Vacancy Rate
- 465372
- Gross Adjusted Income
- $244,782
- Tax Year
- 2026
- Insurance Expense
- $5,376
- W/S/G Expenses
- $13,056
- Total Expenses
- $79,355
- Net Operating Income
- $165,427
- Gross Rent Multiplier
- 11.3
- Cap Rate
- 5.7
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.