5505 NE 65th Street, Seattle, WA 98115

Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners
Listed by: chad michael martini, david w petersen
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
  • Pending

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.

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Home facts

  • Year built:1956
  • Listing ID #:2448363
  • Updated:December 17, 2025 at 10:43 PM

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)
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