5505 NE 65th Street, Seattle, WA 98115

Local realty services provided by:Better Homes and Gardens Real Estate Gary Mann Realty
Listed by:chad michael martini
Office:westlake associates, inc.
MLS#:2448363
Source:NWMLS
5505 NE 65th Street,Seattle, WA 98115
$1,650,000
  • - Beds
  • - Baths
  • 3,610 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$1,650,000
  • Price per sq. ft.:$457.06

About this home

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.

Contact an agent

contact an agent

Yes, I would like more information from BHGRE®. Please use and/or share my information with an BHGRE affiliated agent to contact me about my real estate needs. By clicking Send message, I agree an BHGRE affiliated agent may contact me by phone or text message including by automated means about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1956
  • Listing ID #:2448363
  • Updated:October 25, 2025 at 12:17 AM

Rooms and interior

  • Living area:3,610 sq. ft.

Heating and cooling

  • Heating:Wall Unit(s)

Structure and exterior

  • Roof:Flat Roof, Torch Down
  • Year built:1956
  • Building area:3,610 sq. ft.
  • Lot area:0.14 Acres

Utilities

  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,650,000
  • Price per sq. ft.:$457.06
  • Tax amount:$13,362 (2025)
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of October 25, 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2025 MLS GRID. All Rights Reserved.

New listings near 5505 NE 65th Street