5505 NE 65th Street, Seattle, WA 98115 (MLS # 2448363)
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Listing provided courtesy of Northwest MLS; Westlake Associates, Inc.
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Burkewood Apartments is an appealing 8-unit multifamily investment in Seattle's sought-after Hawthorne Hills neighborhood. This well-maintained property, built in 1956, boasts 8 moderately updated 1BD/1BA units on a 6,000 SF lot zoned NR3, offering future redevelopment potential. Burkewood provides strong value-add opportunities via rent increases"”current averages of $1,409 per unit could rise to proforma market levels of $1,550, elevating NOI from $86,662 to $110,933 and cap rate from 5.29% to 6.72%. The prime location, near Magnuson Park, the Burke-Gilman Trail, University of Washington, Seattle Children's Hospital, and University Village, drives tenant appeal in a high-demand, supply-limited area with top schools and amenities.
| LAST UPDATED | 11/17/2025 | TRACT | Hawthorne Hills |
|---|---|---|---|
| YEAR BUILT | 1956 | COMMUNITY | Hawthorne Hills |
| COUNTY | King | STATUS | Pending |
| PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | 710 - North Seattle |
| CONSTRUCTION | Brick, Wood Siding |
| HEAT | Electric |
| LOT | 5998 sq ft |
| LOT DESCRIPTION | Alley, Paved, Sidewalk |
| MLS STATUS | Pending |
| STORIES | 2 |
| STYLE | 55 - 5-9 Units |
| SUBDIVISION | Hawthorne Hills |
| TAXES | 13362 |
| UTILITIES | Sewer Connected |
| SATELLITE VIEW |
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Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 11/25/25 7:46 PM PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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