About this property

A meticulously maintained, value-add asset in a highly convenient Lake City/North Seattle location. Built in 1959, it combines strong in-place performance with significant upside potential in one of North Seattle’s most connected neighborhoods. With a “Very Walkable” walk score of 88, residents are within easy reach of neighborhood restaurants, cafés, & shops. Close proximity to the Burke-Gilman Trail & Lake Washington and 6 bus routes within a 10-minute walk. Downtown and major employment centers are just minutes away. Orca Apartments consists of 5 one-beds and 1 two-bed. Units are notably oversized, averaging approx. 770 SF, and feature large living areas, generously sized closets, and dedicated dining spaces. Amenities include expansive decks, secured entry, some dishwashers, on-site laundry, & resident storage rooms. Units have been updated upon turnover, and one unit is fully renovated. The property has been extraordinarily well maintained, with recent improvements including a new roof, updated plumbing, modernized electrical panels, and dual-pane vinyl windows. There are 6 dedicated off-alley parking spaces in addition to convenient street parking directly in front of the building. Low historical turnover and likely ability to increase income by approx. 15% by adjusting rents to market and implementing a utility bill-back system. Orca Apartments offers investors durable cash flow today with clear, measurable value-add potential in a sought-after North Seattle location