6550 Greeenwood Avenue N, Seattle, WA 98103

Seattle
Local realty services provided by:Better Homes and Gardens Real Estate Northwest Home Team
Listed by: gabe blake, josh blake
Office: blake investment advisors206-618-2207
MLS#:2596693
Source:NWMLS
6550 Greeenwood Avenue N,Seattle, WA 98103
$2,800,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$2,800,000

About this home

Come tour! $233K per Unit in "A" Location! | The Phinney Apartments is a 12-unit value-add apartment investment opportunity that will be delivered 75% vacant at closing, providing a rare opportunity for a new investor to sidestep many of Seattle’s stringent landlord-tenant regulations and immediately begin renovations on day one. The property is located in the heart of highly desirable Phinney Ridge, just steps from popular neighborhood restaurants and establishments including Red Mill Burgers, El Chupacabra, ThaiKu, Ridgewood Bottle & Tap, GH Pasta & Pizza, and convenient Metro bus service. Supported by a comprehensive renovation budget found in the marketing brochure, a new investor has the potential to achieve a 22.21% leveraged IRR upon sale at the end of Year 3. The unit mix consists of nine one-bedroom units averaging 585 square feet, two two-bedroom units averaging 750 square feet, and one three-bedroom, one-bathroom unit with an additional office, totaling approximately...

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Home facts

  • Year built:1961
  • Subdivision & Development:Phinney Ridge
  • Listing ID #:2596693
  • Updated:November 10, 2026 at 01:34 AM

Rooms and interior

  • Flooring:Hardwood

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Year built:1961
  • Lot area:0.15 Acres
  • Construction Materials:Brick Exterior Finish

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$2,800,000
  • Tax amount:$38,142 (2027)

Parking

  • Total parking spaces:12
  • Carport spaces:12
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of November 10, 2026. 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 © 2026 MLS GRID. All Rights Reserved.

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