515 Burke Ave N
Seattle WA 98103
515 Burke Avenue N
515 Burke Ave N Seattle WA 98103
Listing #: 705822 | Status: Available | Last Modified: 3/3/2026 |
For Sale
- Phone:(425) 681-7695
- Email:winslow.lee@kidder.com
- Office Name:Kidder Mathews
- Office Phone:(208) 362-8600
- Office Website:
- Agent Phone:(425) 691-6826
- Agent Email:jack.shephard@kidder.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 4,950,000.0
- $/SF$ 380.9
- $/Unit$ 4,950,000.0
- Listing StatusAvailable
- Days on Market151
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income420,749
- Vacancy Factor %5.00%
- Operating Expenses164,655
- Net Operating Income235,056
- CAP Rate 5.17 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 5.17 %
- Building StatusExisting
- # of Buildings1
- # of Floors3
- # of Units19
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF12996
- Net Rentable Area12996
- Total Office SF
- Largest Contiguous SF
- Lot SF5000
- Acres0.11
- Property TypeMulti-Family
- Office Type
- Building Class
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaFremont/Ballard
- Tax ID #4083802805
- Additional Parcels
- ZoningNC2-55 (M)
- # Covered Spaces0
- # Uncovered Spaces0
- Total Parking Spots0
- Parking Ratio
- Year Built1928
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
Serpentine Apartments
19-unit 1928 Spanish-Mediterranean apartment building in the heart of Wallingford, adjacent to QFC and minutes from Fremont and Green Lake with easy access to I-5 and Hwy 99. Designed by H.D. McKnight, the property features spacious units averaging 684 SF, Spanish stucco with brick veneer, hardwood floors, built-in storage, and distinctive architectural details. Strategic renovations offer meaningful income upside and a rare chance to own a pre-1940s asset in this tightly held submarket.
