Green Lake 5 Unit

For Sale

508 NE 71st St, Seattle, WA 98115

This Seattle property for sale is located at 508 NE 71st St. The general use of Green Lake 5 Unit is multi-family and it incorporates 3,336 square feet of class C multi-family space. The current listed sale price for Green Lake 5 Unit is $1,950,000. Green Lake 5 Unit is situated on a lot that is 0.09 acre in size.

Contacts

broker
Ian Brown

Capstone Commercial

Property Details

  • Property Type Multi-Family
  • Property Size 3,336 SF
  • Units 5
  • Lot Size 0.09 Acre
  • Parking Spaces Avail. 5
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1971
  • Date Updated Jul 31, 2025
Discover the allure of Seattle's vibrant neighborhood surrounding the property. Nestled in the heart of the city's thriving commercial district, the location boasts easy access to renowned business establishments like University Village, a premier shopping and office complex housing a wide array of retail and office spaces. With a diverse mix of dining options and trendy cafes just steps away, the area cultivates a dynamic environment ideal for attracting and retaining top talent. Additionally, the property enjoys close proximity to the University of Washington, a renowned research institution, and is conveniently positioned near major transportation hubs, creating convenient connectivity for employees and clients. Explore the countless opportunities that await in this dynamic and bustling neighborhood.Introducing a prime investment opportunity in the vibrant city of Seattle. This property encompasses a 3,336 SF building featuring 5 well-maintained units, providing a strong foundation for substantial rental income. Built in 1971, this low-rise gem is strategically zoned LR3(M), offering potential for future development and growth. Enjoy the assurance of immediate returns with a 100% occupancy rate, making this an attractive prospect for any seasoned investor. Situated in the highly sought-after Seattle area, this property presents an excellent chance to capitalize on the enduring demand for multifamily residences in this bustling market. Don't miss the chance to add this high-performance asset to your real estate portfolio.
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Highlights

  • 100% occupancy
  • 3,336 SF building
  • 5 units
  • Built in 1971
  • Strategic Seattle location
  • Zoned LR3(M)

Getting around

  • 95/100

    Walk Score ®

  • 63/100

    Transit Score ®

  • 85/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Seattle, WA
  • Neighborhood Green Lake
  • Zip Code 98115
  • Market Seattle

Points of Interest

  • Brooklyn Avenue & 45th Street

    1.41 miles

  • U District

    1.43 miles

  • 43rd Street & Brooklyn Avenue

    1.47 miles

  • Northgate

    1.59 miles

  • NE 130th Street

    3.01 miles

  • Fairview & Campus Drive

    3.68 miles

  • Westlake & Mercer

    3.96 miles

  • Terry & Mercer

    4.00 miles

  • Terry & Thomas

    4.14 miles

  • Westlake & Thomas

    4.15 miles

  • 76

    0.30 miles

  • Shell

    0.34 miles

  • Chevron

    0.71 miles

  • 7-Eleven

    1.11 miles

  • Arco

    1.27 miles

  • Legrand

    1.57 miles

  • eVgo

    1.59 miles

  • ChargePoint

    1.66 miles

  • Tesla Supercharger

    1.70 miles

  • Electrify America

    1.78 miles

  • Green Lake Park & Ride

    0.31 miles

  • Fairview Christian School Parking

    0.39 miles

  • Greenlake Bathhouse/Theater

    0.91 miles

  • Ace Hardware Parking

    0.99 miles

  • University Heights Center North Parking Lot

    1.07 miles

  • University Heights Center South Parking Lot

    1.12 miles

  • Greenlake

    1.18 miles

  • Woodland Park North Tennis Courts

    1.22 miles

  • DSHS & Worksource Client Parking

    1.25 miles

  • North Parking Lot

    1.28 miles

  • Greenlake Guest House

    0.58 miles

  • Everspring Inn

    1.19 miles

  • Travelodge Seattle North of Downtown

    1.25 miles

  • Adelaide Apartment

    1.28 miles

  • Residence Inn Seattle University District

    1.33 miles

  • Hampton Inn & Suites

    1.33 miles

  • Oak Tree Motel

    1.34 miles

  • Graduate by Hilton Seattle

    1.35 miles

  • The Motel Georgian

    1.37 miles

  • The Collegiana

    1.43 miles

  • PCC Community Market

    0.05 miles

  • Safeway

    0.28 miles

  • Whole Foods Market

    0.47 miles

  • PCC

    1.03 miles

  • Trader Joe's

    1.25 miles

  • Urban Mart

    1.34 miles

  • QFC

    1.43 miles

  • Wallingford Center

    1.49 miles

  • Ken's Market

    1.54 miles

  • Northgate Station

    1.88 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Ian Brown

Capstone Commercial

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