Entity Owned Property summary
This exceptional 96-unit apartment building in Seattle's Northgate neighborhood presents a compelling investment opportunity. Built in 1996, this four-story building boasts 9,605 net rentable square feet situated on a 0.1-acre lot. The property features a mix of unit types, including one-bedroom, two-bedroom units, and a sizable live/work space currently operating as a yoga studio, generating supplemental commercial income. Recent renovations to six units, including new flooring,… stainless-steel appliances, updated cabinetry, and granite countertops, have enhanced the property's appeal and rental potential. Twelve secured underground parking spaces provide a significant competitive advantage. The building benefits from its proximity to the Northgate light rail station, Interstate 5, and the Northgate Mall redevelopment, offering convenient access to various amenities and employment centers. Significant capital expenditures totaling over $150,000 have been made in the last two years, encompassing balcony replacements, signage upgrades, fire sprinkler recertification, and common area renovations, minimizing deferred maintenance. The property's strong financial performance is reflected in its Net Operating Income (NOI) of $193,593 and a 5.53% cap rate. The asking price is $3,500,000. The property is zoned NC3-55 (M) and has a King County APN of 572450-0575. The existing workspace offers potential for conversion into additional residential units, further increasing the property's value. This turnkey opportunity provides immediate income and significant upside potential.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Sep 2026Realmo valuation models over county records and 5 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
1 recorded sale · 15 properties nearbyComparable nearby
Similar in This City for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 7,542 SF
- Lot area
- 0.1 ac
- Year built
- 1995
- Stories
- 4
- APN
- 572450-0575
- Zoning
- NC3-55 (M)
- Assessed value · 2022
- $2,953,000
- Annual tax · 2022
- $24,822
- Commercial (general) · current use
- Auto Repair, Garage
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
The intent of this district is to promote neighborhood commercial activities to support or encourage a pedestrian-oriented shopping district that serves the surrounding neighborhood and a larger community, citywide, or r…
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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