9200 Densmore Avenue N, Seattle, WA, 98103

About This Home

Rare opportunity to acquire Blanchet Heights, a 6-unit townhome-style multifamily property just north of Green Lake. Built in 1963, the property consists of two well-maintained triplex buildings, each offering two 3-bedroom / 2-bath units and one 4-bedroom / 2-bath unit. Spacious units averaging approx. 1,450 SF feature fireplaces, rec rooms, and full-size in-unit washer/dryers. The property is 100% tenant occupied and benefits from strong demand for large rental units in this desirable North Seattle location. Legally established as a condominium with six individual tax parcels, Blanchet Heights offers investors multiple strategies: continue operating as a stable 6-unit multifamily asset or explore potential future individual unit sales, or future redevelopment potential (buyer to verify). Ideally located near North Seattle College, Northgate Station light rail, Northgate Mall redevelopment, and major transit corridors, providing convenient access to employment centers, retail, and transit. 6.2% CAP RATE