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Listing Firm: Westlake Associates, Inc.: David W Petersen

Bought With: ZNonMember-Office-MLS : Non Member ZDefault

SOLD On November 26, 2024
NWMLS # 2286745

$4,000,000

  • Sold Price
  • - Beds
  • - Baths
  • 13700 Sq.ft.

8309 5th Avenue NE, Seattle, WA 98115

Listings with the three tree icon are courtesy of NWMLS

About This Property

5th Ave Manor presents an exceptional opportunity for investors seeking ownership of a desirable building in a highly sought-after residential locale, characterized by a scarcity of rental accommodations. With its strategic location and potential for value-add enhancement through modest kitchen, flooring, and appliance upgrades, 5th Avenue Manor promises lucrative returns. Following these enhancements, a new owner can anticipate achieving a stabilized Market CAP of 6.01%. Nestled nearby the scenic Green Lake Park, renowned for its myriad recreational pursuits, this coveted address offers seamless access to the University of Washington, the bustling South Lake Union Tech Core, and the vibrant Northgate shopping and entertainment hub.

Buyer's Agent: Non Member ZDefault • ZNonMember-Office-MLS

Listed by: David W Petersen • Westlake Associates, Inc.

Aris360 Last Checked: 4 Minutes Ago (May 10, 2025 06:03 PM)

  • Source: NWMLS as Distributed by MLS Grid #2286745

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: 5th
  • Zip/Postal Code: 98115
  • City: Seattle

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$3,847 per month
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Property Features

  • County
    • Northgate
  • Community
    • 710 - North Seattle
  • MLS Area
    • 710 - North Seattle
  • Longitude
    • -122.323365
  • Latitude
    • 47.689372
  • Directions
    • From I5 S take exit 169 toward NE 50th. Keep Right at fork. Merge onto 5th Ave NE. Right on NE 50th. Right on Latona Ave NE. Right on NE 54th. Right on 5th Ave NE. Property is on the right.

  • Interior
    • Laminate Hardwood
    • Wall to Wall Carpet
  • Floors
    • Laminate
    • Vinyl
    • Carpet
  • Power Production Type
    • Electric

  • Stories
    • 3
  • Style
    • 56 - 10+ Units
  • Parking Spaces
    • 15
  • Foundation
    • Poured Concrete,
  • Elevation
    • Feet
  • Exterior
    • Brick
    • Cement/Concrete
    • Wood Products
  • Roof
    • Flat,
  • Septic or Sewer
    • Sewer Connected,
  • Building Total Area (Sq. Ft.)
    • 11160

  • High School District
    • Seattle

  • Possession
    • Closing,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi-Family
  • Tax Year
    • 2024
  • Structure Type
    • Multi Family,
  • Tax Amount
    • $39678
  • Year Built
    • 1969
  • Status
    • Sold

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Disclaimer: Based on information submitted to the MLS GRID as of Sat May 10 2025 . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

May 10, 2025 06:03 PM