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12/16/25
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Greenlake Terrace Apartments, a 48-unit multifamily community in Seattle’s highly sought-after Green Lake neighborhood, traded in a $16.5 mil ($343.8k/unit) transaction. Built in 1986, the property is located at 7415 5th Ave NE, on the west side of I-5.
Terrace Apartments offers residents desirable amenities including secure garage parking, a bike room and updated common areas. Located just blocks from Green Lake Park, one of Seattle’s premier outdoor destinations, the community provides immediate access to miles of walking and biking trails, year-round recreational amenities and a wide array of nearby retail, dining and entertainment options.
Cushman & Wakefield’s Matt Kemper, Tim McKay, Dan Chhan, Jacob Odegard, Dylan Roeter and Byron Rosen represented the seller, Open House Westwood, and procured the buyer, a local family office planning to continue the property’s value-add renovation program.
“The combination of location, scale and renovation potential generated strong buyer interest and a highly competitive sale process,” said Kemper.
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