Multifamily with Ground-Floor
6512 Phinney Ave N Seattle, WA 98103
6512 Phinney Ave N, Seattle, WA, 98103
Contact for pricing
For Sale
Contact for pricing
Six fully occupied units with ground-floor retail across two buildings, including upgraded electrical and double-pane windows.
Property Size5,107 SF
Price / SF$386.72
Days on Market84
Property Features for 6512 Phinney Ave N
General Information
- Standard status
- Active
- Size
- 5,107 SF
- Property subtype
- Multifamily, Retail
Building Details
- Year Built
- 1950
Listing agency
Northmarq
(206) 505-9435
Listed by
Steve Fischer · License #WA 87455
Source
Crexi
Added: Apr 30 Updated: Jul 21 at 5:11PM Checked: Jul 22 at 2:00PM
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 Northmarq
Investment Insights
Based on property information with market context.
Bella Marie is a fully occupied six-unit multifamily property with ground-floor retail, arranged across two buildings in Phinney Ridge. The main building was constructed in 1950 and includes three one-bedroom apartments, a two-story three-bedroom/two-bath penthouse with a private rooftop deck, plus ground-floor retail along Phinney Ave.
A detached one-bedroom townhome built in 2004 sits atop a three-car garage, adding a separate living configuration within the property.
The main building has been fully rewired with newer electrical panels, and all windows have been updated to double-pane vinyl throughout. The property is being offered for sale with stabilized in-place occupancy and an indicated in-place capitalization rate.
A detached one-bedroom townhome built in 2004 sits atop a three-car garage, adding a separate living configuration within the property.
The main building has been fully rewired with newer electrical panels, and all windows have been updated to double-pane vinyl throughout. The property is being offered for sale with stabilized in-place occupancy and an indicated in-place capitalization rate.
Key Highlights
- Fully occupied six‑unit multifamily property with ground‑floor retail across two buildings in Phinney Ridge.
- Main building built in 1950: three 1‑bedroom apartments plus a 2‑story 3‑bedroom/2‑bath penthouse with a private rooftop deck overlooking Green Lake.
- Detached 1‑bedroom townhome built in 2004 sits atop a three‑car garage.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $163.6k | $32.04 |
| − Vacancy | −$4.9k | −$0.96 |
| EGI | $158.7k | $31.08 |
| − OpEx | −$47.6k | −$9.32 |
| NOI | $111.1k | $21.76 |
5,107 SF · lease $32.04/SF/yr · vacancy 3.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.59M
$1.39M – $1.85M
NOI $111,104 @ 7.0% cap · market cap 5.63%
Second Best
Apartment 5plus
$1.16M
$1.02M – $1.36M
NOI $81,481 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$2.06M
$1.81M – $2.41M
NOI $144,508 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bodies for Birth
Gym & Fitness Center
Bruja Hair Salon
Hair Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Six fully occupied units with ground-floor retail across two buildings, including upgraded electrical and double-pane windows.
Where is this apartment building located?
The property is located at 6512 Phinney Ave N Seattle, WA.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: Fully occupied six‑unit multifamily property with ground‑floor retail across two buildings in Phinney Ridge.; Main building built in 1950: three 1‑bedroom apartments plus a 2‑story 3‑bedroom/2‑bath penthouse with a private rooftop deck overlooking Green Lake.; Detached 1‑bedroom townhome built in 2004 sits atop a three‑car garage.
