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  • Real Property Associates, Inc.
    7500 Roosevelt Way NE
    Seattle, Washington 98115
    (206) 523-0300

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    Northwest Multiple Listing Service

    The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.

    Based on information submitted to the MLS GRID as of 2025-10-25 06:01:06. 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.

    The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. Listings that feature the "three tree" icon are provided courtesy of NWMLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

    Copyright 2024 Northwest Multiple Listing Service. All rights reserved.

    $1,650,000
    For Sale

    5505 NE 65th Street

    Seattle, WA 98115
    3610 sqft | 0.14 acres | #2448363
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    Listing OfficeWestlake Associates, Inc.
    Browse 21 photos
    Type:Multi-Family
    Structure:5+ Family
    Zone:Residential

    Description

    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 Details
        • Lot DescriptionAlley, Paved, Sidewalk
        • Date ListedOctober 24, 2025
        • Sewer InformationSewer Connected
        • SubdivisionHawthorne Hills
        • Style55 - 5-9 Units
        • Exterior MaterialsBrick, Wood
        • Property TypeMulti-Family
        • Property SubtypeMulti Family
        • Structure TypeMulti Family
        • Original List Price$1,650,000
        • School DistrictSeattle
        • Taxes Annual$13,362
        • MLS #2448363
        • Cost1650000
        • MLS #2448363
        • Acres0.1377
        • Square Feet3610
        • Year Built1956
        • CountyKing
        • Stories2
        • Days on Market (Cumulative)1

    Location

    Legal

    The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.

    Based on information submitted to the MLS GRID as of 2025-10-24 19:15:12. 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.

    The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. Listings that feature the "three tree" icon are provided courtesy of NWMLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

    Copyright 2024 Northwest Multiple Listing Service. All rights reserved.

    Last Updated: Today at 1:30 AM. Source: NWMLS

    Provided By
    Listing Agent: Chad Michael Martini (#NWM102826)
    Listing Office: Westlake Associates, Inc. (#NWM7019)

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