Seattle, WA 98115 508 NE 71st Street
$1,950,000
Pending
6 more
Presented By: Capstone Commercial and NWMLS
- MLS# 2413752
- 07/25/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 4,419
Home Details
Introducing a prime multi-family investment opportunity in one of Seattle’s most desirable areas. This property encompasses a 3,336 SF building featuring 5 well-maintained units, providing a strong foundation for substantial rental income. Built in 1971, this low-rise gem is strategically zoned LR3(M), offering potential for future development and growth. Enjoy the assurance of immediate returns with a 100% occupancy rate, making this an attractive prospect for a seasoned investor. Situated in the desirable Green Lake area, this property presents an excellent chance to capitalize on the enduring demand for multifamily residences in this bustling market. Don’t miss the chance to add this high-performance asset to your portfolio.
Presented By: Capstone Commercial and NWMLS
Interior Features for 508 NE 71st Street
Bedrooms
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories2
General for 508 NE 71st Street
Building Area UnitsSquare Feet
Cap Rate5.48
Carport Spaces3
Carport Y/NNo
CitySeattle
CoolingNone
CountyKing
DirectionsHeading north on Woodlawn Ave NE take a right turn on NE 71st Street to arrive at the property.
Electric Expense1000
Fuel Expense
HOANo
HOA Fee$
HeatingBaseboard
High School DistrictSeattle
Insurance Expense1682
Leasable Area3336
Listing TermsCash Out
Lot Size Square Feet4000
Lot Size UnitsSquare Feet
MLS Area705 – Ballard/Greenlake
ModificationTimestamp2025-09-05T20:46:10.566Z
NWM_ShowMapLinkY
Net Operating Income106844
New ConstructionNo
Number Of Units Total5
Open Parking Spaces2
PossessionClosing
Property Style55 – 5-9 Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksIntroducing a prime multi-family investment opportunity in one of Seattle’s most desirable areas. This property encompasses a 3, 336 SF building featuring 5 well-maintained units, providing a strong fo
RoofComposition
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusPending
StatusPending
Structure TypeMulti Family
Subdivision NameGreen Lake
Tax Annual Amount13011
Tax Year2025
Units Below Gradefalse
Units In Building Total5
Water Sewer Garbage5775
Year Built1971
Exterior for 508 NE 71st Street
Building Area Total4419
Covered Spaces
Exterior AmenitiesStucco
Irrigation Water Rights Y/NNo
Lot Size Acres0.0918
Parking Uncovered Spaces2
Total Parking5
Waterfront Y/NNo
Additional Details
Price History
Josh QA1
REALTOR ® SRES ®