Phinney Ridge Homes with Good Building Condition

Phinney Ridge Homes with Good Building Condition

Welcome to the charming neighborhood of Phinney Ridge in Seattle, Washington. This idyllic suburb nestled in King County offers a perfect blend of urban convenience and suburban tranquility. Known for its tree-lined streets, local cafes, and community events, Phinney Ridge is a highly sought-after area for homebuyers looking for a peaceful retreat within the bustling city.

The homes in Phinney Ridge boast good building conditions, making them a sound investment for those seeking a property that is not only aesthetically pleasing but also structurally sound. Whether you're looking for a cozy bungalow, a modern townhouse, or a spacious family home, Phinney Ridge has a diverse range of real estate options to suit every lifestyle.

Living in Phinney Ridge means having easy access to top-rated schools, beautiful parks, trendy boutiques, and delicious dining options. With a strong sense of community and a welcoming atmosphere, residents of Phinney Ridge enjoy a high quality of life in a picturesque setting.

If you're in the market for a home in Seattle with good building conditions and a vibrant neighborhood vibe, look no further than Phinney Ridge. Discover the perfect blend of comfort, convenience, and community in this charming Seattle suburb.

Newest Phinney Ridge Homes with Good Building Condition

$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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