8001 Densmore Avenue N, Seattle, WA 98103

$4,495,000
8,380
SqFt

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Listing courtesy of Lee & Associates Commercial RE.

List Price
$4,495,000
Status
ACTIVE
MLS#
2503530
Days on Market
111
Style
56 - 10+ Units
Finished SqFt
8,380
Area Total SqFt
8380
Annual Tax Ammount
36031
Lot Size (sq ft)
14,805
Sewer
Sewer Connected

Property Description

A rare 10-unit apartment portfolio in Green Lake, spanning three buildings across two parcels totaling 8,600 SF of LR2 zoning.The portfolio features a desirable mix of one-, two-, and three-bedroom units, all with private washers and dryers. Seven units are spacious townhome-style layouts (900–1,100 SF) with attached garages, laundry, and storage. A private courtyard garden sits between the buildings, creating a quiet residential feel.Over the past decade, ownership has replaced all wiring and plumbing, fully renovated kitchens and baths, and installed new gas furnaces.This central Green Lake location earns a Walk Score of 96 and is within walking distance of the Roosevelt Light Rail Station, Green Lake Park & Ride, PCC Market, the library, and neighborhood dining.

Additional Information

List Date
2026-04-07 04:28:10
Community
Green Lake
Net Operating Income
$238,455
Gross Adjusted Income
$307,593
Gross Scheduled Income
$323,782
Total Monthly Income
$26,982
Insurance Expenses
$8,559
Water/Sewer/Garbage Expenses
$13,047
Gross Rent Multiplier
14.7
Total Expenses
$69,138
Cap Rate
5.21
Vacancy Rate
5
Total Number of Units
10
Unit Name
8001
Potential Terms
Conventional, Farm Home Loan
Year Built
1945
Roof
Composition
Electric Expenses
1
Other Expenses
11500
Energy Source
Electric
School District
Seattle
Elementary School
Daniel Bagley
Middle School
Robert Eagle Staff Middle School
High School
Ingraham High
Total Monthly Income
$26,982
Gross Scheduled Income
$323,782
Vacancy Rate
5
Gross Adjusted Income
$307,593
Tax Year
2026
Insurance Expense
$8,559
W/S/G Expenses
$13,047
Total Expenses
$69,138
Net Operating Income
$238,455
Gross Rent Multiplier
14.7
Cap Rate
5.21
Based on information submitted to the MLS GRID as of . 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.
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