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About the Listing 10342 - 54887,119131
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 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.
Listing Highlights
Status
Active
Days on Site
19
Property Type
Multi-Family
MLS ®
2520299
Year Built
1950
Total Square Footage
5,107
Lot/Acreage
0.08
Interior Details
- Bedrooms: 7
- Bathrooms: 7 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: Hardwood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Seattle Public Utilities
Exterior Details
- Lot Description: Alley,Zoning: Multi-Family
- Garage Capacity: N/A
- Parking Spaces: 4
- Zoning: Multi-Family
- Roof: Composition
- Others: Brick,Metal/Vinyl,Wood,Good
- Sewer: Seattle Public Utilities
Financial Details
- Tax Amount: $17,895
- Taxes w/Assessments: N/A
- Tax/Property ID: 6758700025
- Tax Year: 2026
Payment Calculator
Monthly Payment
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Questions About..
6512 Phinney Ave N Seattle, WA 98103
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