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6515 5th Avenue NE, Seattle, WA, 98115

8beds
7baths
3,912sqft
$1,995,000
$510price/sqft
$11,895/moest. monthly cost
$475,800/yrincome needed

About This Home

Green Lake Park Apartments is a well maintained, 7 unit apartment building located in Seattle’s highly desirable Green Lake neighborhood. Ideally positioned just blocks from the iconic Green Lake Park, this property is comprised of a mix of one and two bedroom units, the building provides a strong foundation of stable in place income. With its long term appeal, strong rental demand, and premier location in one of Seattle’s best neighborhoods, Green Lake Park Apartments represents a compelling investment for both new and seasoned investors looking to expand their portfolio and capture long term growth in one of the city’s best performing submarkets.

Getting Around

92
WalkingWalker's Paradise
63
TransitGood Transit
83
BikeVery Bikeable

Schools

6/10
8/10
Eckstein Middle SchoolGrades 6-81.5 mi
10/10
Roosevelt High SchoolGrades 9-120.5 mi

Construction

Condition

  • Property condition: Good
  • Year built: 1958

Materials

  • Foundation: Slab
  • Roof: Torch Down
  • Construction materials: See Remarks

Notable Dates

  • Major remodel year: 1993

Type & Style

  • Home type: MultiFamily
  • Architectural style: 5-9 Units
  • Property subType: Multi Family

Interior

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 7

Features

  • Flooring: Vinyl Plank

Heating & Cooling

  • Heating features: See Remarks,Electric
  • Cooling features: None

Interior Area

  • Total interior livable area: 3,912 sqft

Property

Details

  • Parcel number: 9528104475
  • Zoning description: Multi-Family,Jurisdiction: City
  • Special condition: Standard

Lot

  • Lot size: 5,000 sqft
  • Features: Paved,Sidewalk

Parking

  • Total spaces: 7
  • Parking features: Open
  • Has uncovered spaces: Yes
  • Uncovered spaces: 6

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Earthquake
Heat Wave

FEMA Declared Disasters in King County and Washington

Fire
Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $10,087$121,044
Home Insurance *$278$3,336
Property Taxes $1,263$15,156
Electricity $267$3,211
Total$11,895$142,740
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$407,828/yr
40% on housing$356,850/yr
45% on housing$317,200/yr

Washington FAIR Plan Programs

Washington FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 306Commercial: 55
Total Premiums$858,000
Total Exposure$176.33M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.9%
8.9%
0%30.0%
Electricity Growth Rate10-year average: 3.0%
3.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.7%
1.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$510This listing

vs Other Active Listings

Avg $/sqft

ZIP 98115$445
King County$442

vs Homes Sold Last Month

Median $/sqft

ZIP 98115$570
King County$485

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-03-23Price change$1,995,000
2026-02-24Listed for sale$2,050,000
2026-02-16Listing removed$2,145,000
2025-10-30Price change$2,145,000
2025-07-16Listed for sale$2,195,000
2021-11-19Listing removed--
2021-11-17Listed for rent$1,550
2005-04-22Sold$850,000

For Sale by Agent

AgentAlan Wileman
BrokeragePacific Crest

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