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$1,920,000

  • Sold
  • Closed
  • Multi-Family

Listed by Ian Brown | Capstone Commercial | (206) 324-9412 and Ryan Downing | Capstone Commercial | (206) 324-9412
Sold by Gordon Stephenson | Real Property Associates

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Introducing a prime multi-family investment opportunity in one of Seattle's most desirable areas. This property encompasses a 3,336 SF building featuring 5 well-maintained units, providing a strong foundation for substantial rental income. Built in 1971, this low-rise gem is strategically zoned LR3(M), offering potential for future development and growth. Enjoy the assurance of immediate returns with a 100% occupancy rate, making this an attractive prospect for a seasoned investor. Situated in the desirable Green Lake area, this property presents an excellent chance to capitalize on the enduring demand for multifamily residences in this bustling market. Don't miss the chance to add this high-performance asset to your portfolio.

Full Property Details for 508 NE 71st St

General

  • Sold For: $1,920,000
  • Taxes: $13,011 (2025)
  • Status: Closed
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2413752
  • Added to Site: 221 day(s) ago

Parking

  • Carport Spaces: 3
  • Uncovered Spaces: 2

Location

  • Area: 705 - Ballard/Greenlake
  • County: King
  • Subdivision: Green Lake
  • Driving Directions: Heading north on Woodlawn Ave NE take a right turn on NE 71st Street to arrive at the property.

School Information

  • High School District: Seattle

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard

Utilities

  • Sewer: Sewer Connected

Structural Information

  • Structure Type: Multi Family
  • Exterior Const.: Stucco
  • Roof: Composition
  • Stories in Building: 2
  • Square Feet: 4,419
  • Year Built: 1971

Unit Information

  • Units in Building: 5

Lot Features

  • Lot Size (Acres): 0.0918
  • Lot Size (Sq. Ft.): 4,000
  • Lot Size Source: King County

Financial Considerations

  • Tax Amount: $13,011
  • Tax Year: 2025
  • Terms: Cash Out

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 9137101675

Listed by Ian Brown | Capstone Commercial | (206) 324-9412 and Ryan Downing | Capstone Commercial | (206) 324-9412
Sold by Gordon Stephenson | Real Property Associates

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 508 NE 71st St

School District:Seattle School District
NameGradesDistance
Green Lake Elementary School
2400 North 65th Street, Seattle, WA 98103
PK-50.4 mi
Eckstein Middle School
3003 Northeast 75th Street, Seattle, WA 98115
6-81.3 mi
Roosevelt High School, Seattle, WA
1410 Northeast 66th Street, Seattle, WA 98115
9-120.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 508 NE 71st St

Date
Details
Price
Change
Source
9/17/2025
Sold
$1,920,000
-1.54%
MLS
7/25/2025
Listed
$1,950,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Ian Brown | Capstone Commercial | (206) 324-9412 and Ryan Downing | Capstone Commercial | (206) 324-9412
Sold by Gordon Stephenson | Real Property Associates

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Price Reduced near 508 NE 71st St

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Recent Sales near 508 NE 71st St

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508 NE 71st Street, Seattle, WA 98115 (MLS# 2413752) is a Multi-Family property that was sold at $1,920,000 on September 17, 2025. Want to learn more about 508 NE 71st Street? Do you have questions about finding other Multi-Family real estate for sale in Seattle? You can browse all Seattle real estate or contact a Coldwell Banker agent to request more information.