Duplex with Mixed-Use Development
652 NW 85th St Seattle, WA 98117
For Sale
Contact for pricing
Duplex zoned NC1-55(M) with current rents and a noted path to mixed-use development with ground-level commercial.
Property Size3,096 SF
Price / SF$306.85
Days on Market157
Property Features for 652 NW 85th St
General Information
Standard status
Active
Size
3,096 SF
Property subtype
LAND
Listing Agency:
Windermere Greenwood
(206) 498-2189
Listed By:
Jack Malek
(206) 498-2189
Source:
Moodyscre
Added: Feb 23
Changed: Jul 29
Last Checked: Jul 29 at 10:39AM
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 Windermere Greenwood
Investment Insights
Based on property information with market context.
This Crown Hill duplex property is described as a former law office and is zoned NC1-55(M). The listing notes a plan to lease first and then develop a mixed-use project that could include residential units along with ground-level commercial space such as retail, office, or medical. The remarks cite up to 16 units and a total size up to 41,000 square feet.
The property is listed with current rents totaling $4,800. The remarks also reference an estimated traffic count of 18,800 to 20,000 and mention that surrounding density is growing with new NR zoning. Interior tours are described as available with a signed PSA.
The property is listed with current rents totaling $4,800. The remarks also reference an estimated traffic count of 18,800 to 20,000 and mention that surrounding density is growing with new NR zoning. Interior tours are described as available with a signed PSA.
Key Highlights
- Duplex property zoned NC1‑55(M) with stated plan to transition to mixed‑use development.
- Current rents total $4,800.
- Proposed mixed‑use concept includes apartments plus ground‑level commercial (retail, office, or medical).
Financial Insights For Multifamily LT 5
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 | $83.6k | $27.00 |
| − Vacancy | −$3.8k | −$1.22 |
| EGI | $79.8k | $25.79 |
| − OpEx | −$23.9k | −$7.74 |
| NOI | $55.9k | $18.05 |
3,096 SF · lease $27.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$798.3K
$698.5K – $931.4K
NOI $55,881 @ 7.0% cap · market cap 5.88%
Second Best
Office B
$776.5K
$679.4K – $905.9K
NOI $54,352 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$931.4K
$815.0K – $1.09M
NOI $65,201 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex zoned NC1-55(M) with current rents and a noted path to mixed-use development with ground-level commercial.
Where is this duplex located?
The property is located at 652 NW 85th St Seattle, WA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Duplex property zoned NC1‑55(M) with stated plan to transition to mixed‑use development.; Current rents total $4,800.; Proposed mixed‑use concept includes apartments plus ground‑level commercial (retail, office, or medical).
