6512 Phinney Avenue N, Seattle, WA 98103

Property Description

We are pleased to present Bella Marie, a fully occupied six-unit multifamily property with ground-floor retail located in Phinney Ridge, one of Seattle’s most desirable residential neighborhoods. The property consists of two buildings. The main building, constructed in 1950, houses three one-bedroom apartments, a two-story three-bedroom/two-bath penthouse residence with a private rooftop deck overlooking Green Lake, and ground-floor retail along Phinney Ave. A detached one-bedroom townhome, built in 2004, is positioned above three covered parking spaces, providing added privacy and a distinct rental experience. The main building has been fully rewired with newer electrical panels, and all windows have been updated to double-pane vinyl throughout. Offered at a 5.95% in-place capitalization rate with additional upside to market rents, the asset combines stabilized cash flow with an irreplaceable Phinney Ridge location — convenient to Downtown Seattle, South Lake Union, Fremont, and Green Lake, with strong neighborhood walkability and proximity to Woodland Park Zoo.

Listing Status:

Active

Data Last Updated:

May 20, 2026 at 12:21PM

Listing Office:

Northmarq Multifamily, LLC : 952-356-0100

Listing Agent:

Steve Fischer : 952-356-0100

MLS ID:

2520299

Interior

• Flooring: Hardwood
• A/C: None
• Heating: BaseboardForced Air
• Fireplace: Fireplaces: 0

Exterior

• General: BrickMetal/VinylWood
• Parking: Parking spaces: 4

Construction

• Roofing: Composition
• General: 55 - 5-9 UnitsSlab

Location

• HOA Amenities: 0.0
• Originating MLS: nwmls
• School District: Seattle
• County: King

Lot

• Zoning: 6758700025
• View: CityLakeView

Utilities

• Sewer: Sewer Connected

Financial

• Source: nwmls