Seven-Unit Apartment
709 N 95th St, Seattle, WA 98103
For Sale
$1,550,000
Studio through three-bedroom apartments include an on-site office, with construction dating to 1990.
Property Size5,828 SF
Price / SF$265.96
Days on Market39
Property Features for 709 N 95th St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Tenant in Place
Building Details
Year Built
Listing Agency:
Pacific Crest
(206) 812-9150
Listed By:
Alan Wileman · License #22001097
(559) 679-7128
Source:
Tendhometeam
Added: Oct 1
Changed: Nov 8
Last Checked: Nov 7 at 7:39PM
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 Pacific Crest
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Investment Insights
Based on property information with market context.
Oak Springs Suites is a seven-unit apartment property with a separate office and a mix of studio, one-, two-, and three-bedroom residences. The 5,828-square-foot building was constructed in 1990.
The property is at 709 N 95th St in Seattle’s Greenwood neighborhood, a few blocks from the Greenwood Ave N retail corridor. Green Lake, Phinney Ridge, and North Seattle College are also identified as nearby destinations.
The property is at 709 N 95th St in Seattle’s Greenwood neighborhood, a few blocks from the Greenwood Ave N retail corridor. Green Lake, Phinney Ridge, and North Seattle College are also identified as nearby destinations.
Key Highlights
- Seven apartments plus an office
- 5,828‑square‑foot building completed in 1990
- Unit mix includes studios and one-, two-, and three‑bedroom apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,985
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,859,700
$1.9M
Cap Rate 7%
$1,328,357
$1.3M
Cap Rate 9%
$1,033,167
$1.0M
Market Conditions
NOI Build-Up for 5,828 SF
Gross rent
$178.3K $30.60/SF
− Vacancy
−$9.3K −$1.59/SF
EGI
$169.1K $29.01/SF
− OpEx
−$76.1K −$13.05/SF
NOI
$93.0K $15.95/SF
Area
ZIP 98103
Vacancy
5.20%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,859,700
Cap Rate 7%
$1,328,357
Cap Rate 9%
$1,033,167
Alternative Uses
Best Use
Apartment 5plus
$1.33M
$1.16M – $1.55M
NOI $92,985 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.36M
$2.06M – $2.75M
NOI $164,909 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
1,529
Businesses Nearby
Explore this area
Business Placement
Demographics for 98103, WA
53,056
Population
27,857
Households
1.9
Avg Household Size
35
Median Age
77%
College-Educated
98%
High-School Grad
4.6 sq mi
ZIP Area
11,534
Density / Sq Mi
$127,372
Median Household Income
$80,508
Median Earnings
$2,006
Median Rent
$1,012,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Seattle, WA
Properties on Market for Apartment buildings in Seattle
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Studio through three-bedroom apartments include an on-site office, with construction dating to 1990.
Where is this apartment building located?
The property is located at 709 N 95th St Seattle, WA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Seven apartments plus an office; 5,828‑square‑foot building completed in 1990; Unit mix includes studios and one-, two-, and three‑bedroom apartments
