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About the Listing 7019 - 102826,58692
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.
Listing Highlights for 5505 NE 65th St
Status
Active
Days on Site
7
Property Type
Multi-Family
MLS ®
2448363
Year Built
1956
Total Square Footage
3,200
Lot/Acreage
0.14
Interior Details
- Bedrooms: 8
- Bathrooms: 8 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: Laminate,Vinyl Plank
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: Alley,Paved,Sidewalk
- Garage Capacity: N/A
- Parking Spaces: 5
- Roof: Flat,Torch Down
- Others: Brick,Wood
- Sewer: Sewer Connected
Financial Details
- Tax Amount: $13,362
- Taxes w/Assessments: N/A
- Tax/Property ID: 1125049136
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
5505 NE 65th St Seattle, WA 98115
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