Green Lake Multifamily Investment
For Sale
$1,950,000
Pending
508 71st St, Seattle, WA 98115
Seattle multifamily property near Green Lake Park with development potential.
Property SizeContact for details
Days on Market380
Property Features for 508 71st St
General Information
Standard status
Pending
Property subtype
Commercial
Building Details
Year Built
1971
Listing Agency:
CAPSTONE COMMERCIAL REAL ESTATE ADVISORS
Listed By:
RYAN DOWNING
Source:
Corcoran
Added: Jul 29, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CAPSTONE COMMERCIAL REAL ESTATE ADVISORS
Investment Insights
Based on property information with market context.
This multi-family property is located in Seattle's Green Lake submarket, two blocks from Green Lake Park. Constructed in 1971, the building features five upgraded units and is zoned LR3(M), which allows for future development. The property is currently 100% occupied, offering immediate rental income.
Key Highlights
- Prime location: Two blocks from Green Lake Park.
- Five fully upgraded units, ensuring immediate rental income.
- 100% occupancy rate for immediate returns.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,742
Businesses Nearby
Explore this area
Business Placement
Demographics for 98115, WA
54,322
Population
24,966
Households
2.2
Avg Household Size
36
Median Age
78%
College-Educated
99%
High-School Grad
6.6 sq mi
ZIP Area
8,231
Density / Sq Mi
$148,190
Median Household Income
$82,332
Median Earnings
$2,118
Median Rent
$1,041,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Seattle multifamily property near Green Lake Park with development potential.
Where is this apartment building located?
The property is located at 508 71st St Seattle, WA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Prime location: Two blocks from Green Lake Park.; Five fully upgraded units, ensuring immediate rental income.; 100% occupancy rate for immediate returns.
