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6537 Oswego Place NE, Seattle, WA, 98115

3beds
11baths
4,643sqft
$2,300,000
$495price/sqft
$13,724/moest. monthly cost
$548,960/yrincome needed

About This Home

Exceptional investment opportunity just minutes from Green Lake. This well-maintained 11-unit apartment building features a desirable unit mix of nine studios and two one-bedroom units. Professional management is already in place and available to continue operations, offering a seamless transition for a passive investor. The property is zoned LR3 (RC), providing attractive future development potential. Amenities include off-street parking, storage lockers, coin-operated laundry, and individual water heaters for each unit, all replaced in 2023. Five of the eleven units have been remodeled. Ideally located within walking distance of the Roosevelt Light Rail Station, and the Green Lake Park & Ride, ,Convenient access to downtown Seattle, shopping, dining and recreation. A rare opportunity for the move-up investor seeking stable income today and long-term growth potential tomorrow.

Getting Around

89
WalkingVery Walkable
66
TransitGood Transit
98
BikeBiker's Paradise

Schools

7/10
9/10
Eckstein Middle SchoolGrades 6-81.4 mi
10/10
Roosevelt High SchoolGrades 9-120.4 mi

Construction

Condition

  • Property condition: Good
  • Year built: 1950

Materials

  • Foundation: Poured Concrete
  • Roof: Composition,Torch Down
  • Construction materials: Brick,Cement Planked,Cement Plank

Notable Dates

  • Major remodel year: 1993

Type & Style

  • Home type: MultiFamily
  • Architectural style: 10+ Units
  • Property subType: Multi Family

Interior

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 11

Features

  • Window features: Thermal Windows
  • Flooring: Hardwood,Carpet

Heating & Cooling

  • Heating features: Wall Furnace,Geothermal
  • Cooling features: None

Interior Area

  • Total structure area: 4,643
  • Total interior livable area: 4,643 sqft

Property

Details

  • Parcel number: 9528103900
  • Zoning description: Multi-Family,Jurisdiction: City
  • Special condition: Standard

Lot

  • Lot size: 7,801 sqft
  • Features: Curbs,Dead End Street,Paved,Sidewalk,Cable TV,Fenced-Partially,High Speed Internet
  • Lot size dimensions: 60' x 130'

Parking

  • Total spaces: 7
  • Uncovered spaces: 7

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 $11,630$139,560
Home Insurance *$321$3,852
Property Taxes $1,456$17,472
Electricity $317$3,811
Total$13,724$164,688
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$470,537/yr
40% on housing$411,720/yr
45% on housing$365,973/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

$495This 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)

Price History

DateEventPrice
2026-08-03Listed for sale$2,300,000
2020-07-30Listing removed$1,225
2020-07-24Price change$1,225
2020-06-30Listed for rent$1,275
2020-01-07Listing removed$1,145
2020-01-03Listed for rent$1,145
2019-01-16Listing removed$1,095
2019-01-10Price change$1,095
2018-12-08Price change$1,145
2018-12-04Listed for rent$1,195
2018-04-20Sold$2,360,000
2018-02-22Pending sale$2,400,000
2017-12-08Listed for sale$2,400,000
2016-04-13Listing removed$975
2016-03-01Price change$975
2016-01-27Price change$1,100
2015-11-10Price change$1,000
2015-10-23Listed for rent$900
2015-09-01Listing removed$800
2015-08-25Listed for rent$800
2014-04-08Listing removed$825
2014-01-31Listed for rent$825
2006-05-19Sold$1,035,000

For Sale by Agent

AgentJanice Cai
BrokerageWindermere Bellevue Commons

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