Burkewood Apartments is an appealing 8-unit multifamily investment in Seattle’s sought-after Hawthorne Hills neighborhood. This well-maintained property, built in 1956, boasts 8 moderately updated 1BD/1BA units on a 6,000 SF lot zoned NR3, offering future redevelopment potential. Burkewood provides strong value-add opportunities via rent increases—current averages of $1,409 per unit could rise to proforma market levels of $1,550, elevating NOI from $86,662 to $110,933 and cap rate from 5.29% to 6.72%. The prime location, near Magnuson Park, the Burke-Gilman Trail, University of Washington, Seattle Children’s Hospital, and University Village, drives tenant appeal in a high-demand, supply-limited area with top schools and amenities.
Sold
Zillow last checked:
Listing updated:
Bought with:
Marie Y. Chin, 2233
Skyline Properties, Inc.
Source: NWMLS as distributed by MLS GRID,MLS#: 2448363
Price history
| Date | Event | Price |
|---|---|---|
| 12/19/2025 | Sold | $1,600,000-3%$443/sqft |
Source:  NWMLS as distributed by MLS GRID #2448363 Report a problem | ||
| 11/17/2025 | Pending sale | $1,650,000$457/sqft |
Source: NWMLS as distributed by MLS GRID #2448363 Report a problem | ||
| 10/24/2025 | Listed for sale | $1,650,000$457/sqft |
Source: NWMLS as distributed by MLS GRID #2448363 Report a problem | ||
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Estimated market value
$1,562,100
