$1,478,000
 $7,934 est/mo Sourced by Back At You

10531 Aurora Avenue,Seattle, WA 98133

Seattle, WA 98133

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Description

Exceptional 13-unit investment and redevelopment opportunity on a 13,440 SF lot in prime and highly connected North Seattle location. The property includes two buildings (3-unit building and a 10-unit building) with a desirable mix of studio, one- and two-bedroom residences, offering multiple investment strategies. Continue operating as an income-producing apartment community, increase returns through rent optimization and strategic improvements, or hold as a long-term development site. Current gross scheduled income is approximately $14,288 per month, with additional upside as several rents remain below market. Most units have been updated. NC3-55 zoning may offer potential for a future multifamily development of approximately 60-80 units; buyer to verify all development feasibility. Conveniently located near Northgate Light Rail, transit, shopping, dining, major employers and daily amenities, with an 87 Walk Score. A compelling combination of current income, value-add potential and long-term redevelopment opportunity.

Details

MLS #2554023
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1950
Days On Site68
Listing Provided ByReal Property Associates | Grecia Thomas

Features

SQ Feet5,312
Story(s)2
Units13
Acreage0.31

Taxes

Property19956

Area Information

StateWA
CountyKing
CitySeattle
Zip Code98133
Area705 Ballard | Greenlake
Community NameGreenwood
School DistrictBuyer To Verify
Elementary SchoolBuyer To Verify
High SchoolBuyer To Verify
Listing VS Median (in Greenwood)
Price:
$1,478,000
low | high
Med:
$679,000
100% of Average
sqft:
5,312
low | high
Med:
1,298
100% of Average
$ / sqft:
$278
low | high
Med:
$523
38.009032319943% of Average
On site:
68
low | high
Med:
38.5
100% of Average
Sourced by Back At You

Market Activity 98133

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Based on information submitted to the MLS GRID as of September 26, 2026 at 4:30:43 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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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Learn More About This Property

StateWA
CountyKing
CitySeattle
Zip Code98133
Area705 Ballard | Greenlake
Community NameGreenwood
School DistrictBuyer To Verify
Elementary SchoolBuyer To Verify
High SchoolBuyer To Verify
Listing VS Median (in Greenwood)
Price:
$1,478,000
low | high
Med:
$679,000
100% of Average
sqft:
5,312
low | high
Med:
1,298
100% of Average
$ / sqft:
$278
low | high
Med:
$523
38.009032319943% of Average
On site:
68
low | high
Med:
38.5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $1.18M - $1.847M
sqft: 3,500 - 6,500
Nearby Listings Property ImageNearby Listings Details
10732 Stone Avenue 1-6 Property Photo 1
$1,499,500
10732 Stone Avenue 1-6
Seattle, WA 98133
Listing Updated: September 21, 2026 at 11:30:49 PM PDT