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6512 Phinney Ave N , Seattle, WA 98103
$1,975,000
Est. Payment: $9,584.93/mo
7 Bed
7 Bath
5107 Sqft
Status: active | Days on site: 52
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House 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.

Highlights

Listed by Steve Fischer , 952-356-0100 and Taylor Wyman , 952-356-0100 Northmarq Multifamily, LLC , 952-356-0100. Northwest Multiple Listing Service

Property Type

Multi-Family

Lot/Acreage
0.08

Year Built

1950

County

King

Area

705 - Ballard/Greenlake

Neighborhood

Phinney Ridge

School District

Seattle

Listing ID

2520299

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:7
  • Bathrooms:7
  • Full Bathrooms:
Floor:Hardwood
Other:Seattle Public Utilities

Exterior Features

Lot:Alley,Zoning: Multi-Family
Garage Capacity:4
Zoning:Multi-Family
Roof:Composition
Others:Brick,Metal/Vinyl,Wood,Good
Sewer:Seattle Public Utilities
Principal Interest
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$9,585
Taxes
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$1,491

Home Price

$1,975,000

Home Price

Loan Details

30 yrs
6.11%

Interest Rate

Loan Type

Down Payment

20%
$395,000

Down Payment

Down Payment %

All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$9,584.93

Principal

Taxes

Principal Taxes HOA Total
Monthly $9,584.93 $1,491.25 $0.00 $11,076.18
Yearly $115,019.11 $17,895.00 $0.00 $132,914.11
Total $3,450,573.23 $536,850.00 $0.00 $3,987,423.23
Lender profile image
Preferred1765470255 Lender1765470255
My Title 1765470255
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Market insight data is pulled from the same city as the listing being viewed (Seattle, WA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Estimated Payment, Market Insight Calculations, School and Neighborhood Information provided by Blueroof360

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. 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.
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Data last updated: 2026-06-28T20:30:12.000Z

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