$1,650,000
5505 NE 65th Street, Seattle, WA 98115
3,610 Sq Ft
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5505 NE 65th Street, Seattle, WA 98115 5505 NE 65th Street, Seattle, WA 98115 5505 NE 65th Street, Seattle, WA 98115 5505 NE 65th Street, Seattle, WA 98115 5505 NE 65th Street, Seattle, WA 98115 5505 NE 65th Street, Seattle, WA 98115 5505 NE 65th Street, Seattle, WA 98115 5505 NE 65th Street, Seattle, WA 98115 5505 NE 65th Street, Seattle, WA 98115 5505 NE 65th Street, Seattle, WA 98115 5505 NE 65th Street, Seattle, WA 98115 5505 NE 65th Street, Seattle, WA 98115 5505 NE 65th Street, Seattle, WA 98115 5505 NE 65th Street, Seattle, WA 98115 5505 NE 65th Street, Seattle, WA 98115 5505 NE 65th Street, Seattle, WA 98115 5505 NE 65th Street, Seattle, WA 98115 5505 NE 65th Street, Seattle, WA 98115 5505 NE 65th Street, Seattle, WA 98115 5505 NE 65th Street, Seattle, WA 98115 5505 NE 65th Street, Seattle, WA 98115
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MLS #2448363 / Listing provided by NWMLS & Westlake Associates, Inc..

$1,650,000

5505 NE 65th Street
Seattle, WA 98115

Active 6 days ago · 6 Days
3,610
Sq Ft
$457
Per Sq Ft
1956
Year Built

Burkewood Apartments is an appealing 8-unit multifamily investment in Seattle’s sought-after Hawthorne Hills neighborhood. This well-maintained property, built in 1956, boasts 8 moderately updated 1BD/1BA units on a 6,000 SF lot zoned NR3, offering future redevelopment potential. Burkewood provides strong value-add opportunities via rent increases—current averages of $1,409 per unit could rise to proforma market levels of $1,550, elevating NOI from $86,662 to $110,933 and cap rate from 5.29% to 6.72%. The prime location, near Magnuson Park, the Burke-Gilman Trail, University of Washington, Seattle Children’s Hospital, and University Village, drives tenant appeal in a high-demand, supply-limited area with top schools and amenities.

Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.

Interior Features

Bedrooms

  • Upper Level Bedrooms: 0

Fireplaces

  • Total Fireplaces: 0

Heating & Cooling

  • Heating: Yes
  • Cooling: No
Exterior Features

Parking

  • Parking Total: 5
  • Uncovered Parking Spaces: 5
  • Open Parking Spaces: 5

Structure

  • Roof: Flat, Torch Down
  • Exterior Features: Brick, Wood

Lot Details

  • Lot Features: Alley, Paved, Sidewalk
  • Acres: 0.1377
Area Features

Schools

  • High School District: Seattle

Lot Details

  • Lot Features: Alley, Paved, Sidewalk
  • Acres: 0.1377
Utilities

Power

  • Energy Source: Electric

Water, Sewer, and Garbage

  • Sewer: Sewer Connected
  • Water, Sewer, and Garbage: 8988
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Whitney Johnsen

Whitney Johnsen
Broker | REALTOR®

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