Green Lake Homes with 56 - 10+ Units Style

Green Lake Homes with 56 - 10+ Units Style

Welcome to Green Lake, a vibrant neighborhood nestled in the heart of Seattle, Washington. Known for its stunning natural beauty and strong sense of community, Green Lake is a perfect blend of urban convenience and serene outdoor spaces. The centerpiece of the neighborhood is the picturesque Green Lake Park, where residents enjoy walking, jogging, and cycling around the scenic 2.8-mile path that encircles the lake. On sunny days, you'll find families picnicking on the grassy shores, kayakers gliding across the water, and friends playing volleyball at the nearby courts.

Green Lake boasts a diverse array of homes, particularly those with 56 to 10+ units, catering to a variety of lifestyles and preferences. From charming vintage buildings that exude character to modern multi-family residences designed for comfort and convenience, there’s something for everyone. The architectural styles range from classic brick facades to contemporary designs, providing a unique charm that reflects the neighborhood's rich history and progressive spirit.

With its excellent schools, thriving local businesses, and a vibrant arts scene, Green Lake offers an inviting atmosphere for families, young professionals, and retirees alike. Residents can explore an array of cafes, restaurants, and shops along the bustling Green Lake Way, making it easy to enjoy a leisurely day out without straying far from home.

For those seeking a community that values both nature and connectivity, Green Lake is an ideal choice. Experience the perfect balance of urban living and outdoor adventure in this beloved Seattle neighborhood – where every day feels like a retreat!

Newest Green Lake Homes with 56 - 10+ Units Style

7101 6th Avenue NE Unit #1-10, Seattle
$2,900,000
2584164 MLS ⋅ ACTIVE Status
Greenlake Arms is a 10-unit apartment community ideally positioned just blocks from Green Lake and its retail and dining core, one of Seattle's most sought-after residential submarkets. The property boasts a "Very Walkable" Walk Score of 89 and is with a 1-minute walk to the Green Lake PCC, and a 3-minute walk to Green Lake Park. The location also offers excellent connectivity. Quick access to Interstate 5, the Link light rail, downtown Seattle, and the Eastside places tenants within easy reach of the region's largest employment centers, supporting sustained rental demand and tenant retention. Built in 1969 on a 7,000-SF parcel, the property offers a 5.7% cap and 11.3 GRM based on current operations. Roughly half of the units have been renovated with new kitchens and in-unit laundry, giving ownership a track record of successful upgrades and a clear roadmap for completing renovations on the remaining units to capture rent upside. All units feature updated dual-pane windows and nearly all feature updated electrical panels. In addition, supply plumbing is a mix of copper and PEX. This reduces near-term capital needs and supports energy efficiency. Parking is available for 11 vehicles (6 covered spaces and 5 uncovered) - a meaningful amenity in this Green Lake submarket where off-street parking is limited and commands a premium.

7101 6th Avenue NE Unit #1-10, Seattle

Listing Broker: Kidder Mathews; Dan Swanson; 425-444-6501; dan.swanson@kidder.com

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