305 NE 65th Street, Seattle, WA 98115
- $1,650,000
- 3,250
- SqFt
Listing Broker: Windermere Real Estate/M2, LLC; Nickolas Nicoloudakis; 425-319-3125; nnicoloudakis@windermere.com
- List Price
- $1,650,000
- Status
- ACTIVE
- MLS#
- 2565711
- Days on Market
- 165
- Style
- 54 - 4-Plex
- Building Condition
- Fair
- Finished SqFt
- 3,250
- Area Total SqFt
- 3250
- Annual Tax Ammount
- 14612.2
- Lot Size (sq ft)
- 5,400
- Sewer
- Sewer Connected
Property Description
Rare investor/developer opportunity in Seattle’s highly desirable Green Lake neighborhood! This 3,250 sq ft commercial building sits on a 5,400 sq ft lot and is currently home to one retail business and three residential units, offering a unique combination of commercial and residential income. Recent rezoning allows development up to 40 feet in height, creating significant potential for future redevelopment, expansion, or repositioning. The property enjoys excellent visibility and strong traffic exposure, making it an attractive location for a business seeking a high-profile presence. Its convenient location near the Green Lake Park & Ride and Roosevelt Light Rail Station, along with nearby bus routes and I-5 access, provides excellent accessibility for customers, tenants, and employees. With existing income, prominent commercial visibility, convenient transit access, and increased development potential, this is a rare opportunity to acquire well-located commercial property in one of Seattle’s most established neighborhoods. An exceptional opportunity for an investor or developer looking to capitalize on the property’s current income and future potential.
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Additional Information
- List Date
- 2026-04-10 19:43:13
- Community
- Green Lake
- Net Operating Income
- $67,181
- Gross Adjusted Income
- $87,000
- Gross Scheduled Income
- $87,000
- Total Monthly Income
- $7,250
- Insurance Expenses
- $5,206
- Gross Rent Multiplier
- 18.96
- Total Expenses
- $19,818
- Cap Rate
- 4.6
- Total Number of Units
- 4
- Unit Name
- 305
- Potential Terms
- Cash, Conventional
- Year Built
- 1907
- View
- Territorial
- Roof
- Built-Up, Composition
- Site Features
- Fenced-Partially, Gas Available
- Energy Source
- Electric, Natural Gas
- School District
- Seattle
- Total Monthly Income
- $7,250
- Gross Scheduled Income
- $87,000
- Gross Adjusted Income
- $87,000
- Tax Year
- 2025
- Insurance Expense
- $5,206
- Total Expenses
- $19,818
- Net Operating Income
- $67,181
- Gross Rent Multiplier
- 18.96
- Cap Rate
- 4.6
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.