5601 Mckinley Pl N
Seattle WA 98103
The McKinley Apartments
5601 Mckinley Pl N Seattle WA 98103
Listing #: 708700 | Status: Pending | Last Modified: 3/5/2026 |
For Sale
- Phone:(206) 812-9117
- Email:cjeney@paragonrea.com
- Office Name:Paragon Real Estate Advisors
- Office Phone:(206) 623-8880
- Office Website:www.paragonrea.com
- Agent Phone:(206) 812-9105
- Agent Email:nhemming@paragonrea.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 3,100,000.0
- $/SF$ 523.3
- $/Unit$ 3,100,000.0
- Listing StatusPending
- Days on Market65
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income199,393
- Vacancy Factor %3.00%
- Operating Expenses57,986
- Net Operating Income135,425
- CAP Rate 4.56 %
- 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 4.56 %
- Building StatusExisting
- # of Buildings2
- # of Floors2
- # of Units6
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF5924
- Net Rentable Area5924
- Total Office SF
- Largest Contiguous SF
- Lot SF12792
- Acres0.29
- Property TypeMulti-Family
- Office Type
- Building Class
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaGreenlake
- Tax ID #9551201770
- Additional Parcels
- ZoningNR3
- Year Built1968
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
The McKinley Apartments
This offering presents an exceptionally rare opportunity to acquire a truly one-of-a-kind multifamily asset in one of Seattle’s most coveted neighborhoods—Green Lake. Located just steps from the lake, The McKinley occupies its own residential city block and enjoys unobstructed lake views. Offered to the market for the first time ever, this is a generational-quality investment opportunity. The McKinley consists of one 2-bedroom/1-bath and five 2-bedroom/1.75- bath residences. Built in 1968, the original developer was well ahead of his time, delivering an upscale building with thoughtfully designed, spacious floor plans that live more like single-family homes than traditional apartments. Each residence features a kitchen dining area, formal dining space, oversized living room, large bedrooms
