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.
Sold
Listed by: Capstone Commercial
Bought with: Real Property Associates
$1,920,000
508 NE 71st Street, Seattle, WA 98115
5beds
5baths
4,419sqft
Multi Family
Built in 1971
-- sqft lot
$1,875,400 Zestimate®
$434/sqft
$5,063 Estimated rent
Home value
$1,875,400
$1.73M - $2.04M
$5,063/mo
Zestimate® history
Owner options
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$5,063/mo
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$11,540/mo
Est. payment
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Est. payment
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Well-maintained units
Zillow last checked:
Listing updated:
Listed by:
Ian Brown,
Capstone Commercial,
Ryan Downing,
Capstone Commercial
Bought with:
Gordon Stephenson, 13279
Real Property Associates
Source: NWMLS as distributed by MLS GRID,MLS#: 2413752
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
Heating
- Baseboard, Electric
Cooling
- None
Features
- Has fireplace: No
Interior area
- Total structure area: 4,419
- Total interior livable area: 4,419 sqft
Property
Parking
- Total spaces: 5
- Parking features: Open
- Carport spaces: 3
- Uncovered spaces: 2
Lot
- Size: 3,998 sqft
Details
- Parcel number: 9137101675
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stucco
- Roof: Composition
Condition
- Year built: 1971
Utilities & green energy
- Sewer: Sewer Connected
Community & neighborhood
Location
- Region: Seattle
- Subdivision: Green Lake
Other
Other facts
- Cumulative days on market: 195 days
Price history
| Date | Event | Price |
|---|---|---|
| 9/17/2025 | Sold | $1,920,000-1.5%$434/sqft |
Source:  NWMLS as distributed by MLS GRID #2413752 Report a problem | ||
| 9/5/2025 | Pending sale | $1,950,000$441/sqft |
Source: NWMLS as distributed by MLS GRID #2413752 Report a problem | ||
| 7/28/2025 | Listed for sale | $1,950,000+212%$441/sqft |
Source: NWMLS as distributed by MLS GRID #2413752 Report a problem | ||
| 8/5/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 8/2/2022 | Listed for rent | $1,850 |
Source: Zillow Rental Manager Report a problem | ||
| 12/17/2012 | Sold | $625,000$141/sqft |
Source: NWMLS as distributed by MLS GRID #414222 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $14,663 +11.6% | $1,400,000 +3.9% |
| 2024 | $13,137 +1% | $1,347,000 -1% |
| 2023 | $13,011 +13.3% | $1,361,000 +1.9% |
| 2022 | $11,489 -6.3% | $1,335,000 +1.2% |
| 2021 | $12,260 -8.5% | $1,319,000 -4.3% |
| 2020 | $13,405 +0.9% | $1,378,000 -0.3% |
| 2019 | $13,290 +41.9% | $1,382,000 +29% |
| 2018 | $9,368 -3.5% | $1,071,000 +10.8% |
| 2017 | $9,709 +46.8% | $967,000 +3.3% |
| 2016 | $6,613 | $936,000 +17.9% |
| 2015 | $6,613 | $794,000 +17.6% |
| 2014 | $6,613 | $675,000 +5.5% |
| 2013 | $6,613 | $640,000 +6.5% |
| 2012 | -- | $601,000 -6.4% |
| 2011 | -- | $642,000 -3.9% |
| 2010 | -- | $668,000 |
| 2009 | -- | $668,000 +31.8% |
| 2007 | -- | $507,000 +26.4% |
| 2006 | -- | $401,000 |
| 2005 | -- | $401,000 +10.5% |
| 2001 | $4,232 +23.7% | $363,000 +31.3% |
| 2000 | $3,422 | $276,500 |
Find assessor info on the county website
Neighborhood: Green Lake
Nearby schools
GreatSchools rating
- 7/10Green Lake Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 9/10Eckstein Middle SchoolGrades: 6-8Distance: 1.3 mi
- 10/10Roosevelt High SchoolGrades: 9-12Distance: 0.5 mi
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Estimated market value
$1,875,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,875,400
- Washington
- King County
- Seattle
- 98115
- Green Lake
- 508 NE 71st Street
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