5505 NE 65th Street Seattle, WA 98115
5505 NE 65th Street
Seattle, WA 98115
$1,650,000
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Active
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.
Property Features
Community: Hawthorne Hills
5-9 Units
Exterior: Brick
Exterior: Wood
Roof: Flat
Roof: Torch Down
Year Built: 1956
2025 Taxes: $13362.00
Buyer Broker Comp.: 2.5%
Listing #: 2448363
Lot Details
Lot Size: 0.14 acres
Alley
Paved
Sidewalk
No. of Units: 8
Interior
Cooling: None
Heating: Wall Unit(s)
Electric
Common Features
Coin Op Laundry
Call or Email:
Grace Wamwere
What's Near 5505 NE 65th Street Seattle, WA 98115?
Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
DMCA Notice 
Courtesy of Westlake Associates, Inc.
