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About the Listing 128 - 38720
Greenlake Arms is a 10-unit apartment community ideally positioned just blocks from Green Lake and its retail and dining core, one of Seattle's most sought-after residential submarkets. The property boasts a "Very Walkable" Walk Score of 89 and is with a 1-minute walk to the Green Lake PCC, and a 3-minute walk to Green Lake Park. The location also offers excellent connectivity. Quick access to Interstate 5, the Link light rail, downtown Seattle, and the Eastside places tenants within easy reach of the region's largest employment centers, supporting sustained rental demand and tenant retention. Built in 1969 on a 7,000-SF parcel, the property offers a 5.7% cap and 11.3 GRM based on current operations. Roughly half of the units have been renovated with new kitchens and in-unit laundry, giving ownership a track record of successful upgrades and a clear roadmap for completing renovations on the remaining units to capture rent upside. All units feature updated dual-pane windows and nearly all feature updated electrical panels. In addition, supply plumbing is a mix of copper and PEX. This reduces near-term capital needs and supports energy efficiency. Parking is available for 11 vehicles (6 covered spaces and 5 uncovered) - a meaningful amenity in this Green Lake submarket where off-street parking is limited and commands a premium.
Listing Highlights
Interior Details
- Bedrooms: 13
- Bathrooms: 10 Full
- Appliances:
- Air Cond:
- Heating: Forced Air
- Fireplaces: 0
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Corner Lot,Curbs,Paved,Sidewalk,Zoning: Multi-Family
- Garage Capacity: N/A
- Parking Spaces: 11
- Zoning: Multi-Family
- Roof: Flat
- Others: Stucco
- Sewer: Sewer Connected
Financial Details
- Tax Amount: $27,854
- Taxes w/Assessments: N/A
- Tax/Property ID: 9137101605
- Tax Year: 2026
Payment Calculator
Monthly Payment
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Questions About..
7101 6th Avenue Ne 1-10 Seattle, WA 98115
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