Phinney Ridge Homes with 55 - 5-9 Units Style

Phinney Ridge Homes with 55 - 5-9 Units Style

Welcome to Phinney Ridge, one of Seattle’s most charming and vibrant neighborhoods, nestled in the heart of King County. This picturesque area offers a delightful blend of urban convenience and natural beauty, making it a sought-after destination for homebuyers looking for a unique living experience.

Phinney Ridge is characterized by its stunning views of the Cascade Mountains and Lake Washington, providing a serene backdrop for residents. The neighborhood is known for its eclectic mix of shops, cafes, and restaurants, fostering a strong sense of community and making it easy for residents to enjoy local flavors and amenities. With its proximity to Woodland Park Zoo and the lush greenery of Woodland Park, outdoor enthusiasts will find plenty of opportunities for recreation and relaxation.

The homes in Phinney Ridge are predominantly designed in the charming 55-59 units style, offering a cozy yet spacious living environment. These residences often feature modern amenities while retaining their classic architectural charm. Whether you’re searching for a stylish condo or a spacious townhouse, Phinney Ridge has a variety of options to suit your lifestyle.

Living in Phinney Ridge means you’re just a stone’s throw away from the bustling heart of Seattle, with easy access to public transportation and major highways. This neighborhood perfectly balances the excitement of city life with the tranquility of nature, making it an ideal place to call home. Experience the warmth and charm of Phinney Ridge, where every street has a story, and every home is a gateway to a vibrant community.

Newest Phinney Ridge Homes with 55 - 5-9 Units Style

$1,199,950
2560133 MLS ⋅ ACTIVE Status
Prime Green Lake location just one block from the lake! This fully occupied five-unit property includes two buildings situated on a single tax parcel, offering a total of approximately 3,275 square feet of living space. The west building is a 3-bedroom, 1-bath home with approximately 1,280 square feet, while the east building consists of four 1-bedroom units. The units feature open floor plans and abundant natural light. Property improvements include updated roofs, siding, windows, exterior paint, and electrical systems. Unit #2 was recently remodeled. Additional features include separately metered electrical service, coin-operated laundry, and on-site storage units. With a historically low vacancy rate, strong rental demand, and opportunities to increase income, this property presents an attractive investment opportunity. LR3 zoning may provide additional development potential. Current cap rate: 6.15%.

7103 Linden Avenue N Unit #1-5, Seattle

Listing courtesy of Lotside.

$1,975,000
2520299 MLS ⋅ ACTIVE Status
We are pleased to present Bella Marie, a fully occupied six-unit multifamily property with ground-floor retail located in Phinney Ridge, one of Seattle’s most desirable residential neighborhoods. The property consists of two buildings. The main building, constructed in 1950, houses three one-bedroom apartments, a two-story three-bedroom/two-bath penthouse residence with a private rooftop deck overlooking Green Lake, and ground-floor retail along Phinney Ave. A detached one-bedroom townhome, built in 2004, is positioned above three covered parking spaces, providing added privacy and a distinct rental experience. The main building has been fully rewired with newer electrical panels, and all windows have been updated to double-pane vinyl throughout. Offered at a 5.95% in-place capitalization rate with additional upside to market rents, the asset combines stabilized cash flow with an irreplaceable Phinney Ridge location — convenient to Downtown Seattle, South Lake Union, Fremont, and Green Lake, with strong neighborhood walkability and proximity to Woodland Park Zoo.

6512 Phinney Avenue N, Seattle

Listing courtesy of Northmarq Multifamily, LLC.

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