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.
| MLS # | 2554023 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1950 |
| Days On Site | 68 |
| Listing Provided By | Real Property Associates | Grecia Thomas |
| SQ Feet | 5,312 |
|---|---|
| Story(s) | 2 |
| Units | 13 |
| Acreage | 0.31 |
| Property | 19956 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98133 |
| Area | 705 Ballard | Greenlake |
| Community Name | Greenwood |
| School District | Buyer To Verify |
| Elementary School | Buyer To Verify |
| High School | Buyer To Verify |
| Listing VS Median (in Greenwood) | |
Price: $1,478,000 low | high Med: $679,000 sqft: 5,312 low | high Med: 1,298 $ / sqft: $278 low | high Med: $523 On site: 68 low | high Med: 38.5 | |
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98133 |
| Area | 705 Ballard | Greenlake |
| Community Name | Greenwood |
| School District | Buyer To Verify |
| Elementary School | Buyer To Verify |
| High School | Buyer To Verify |
| Listing VS Median (in Greenwood) | |
Price: $1,478,000 low | high Med: $679,000 sqft: 5,312 low | high Med: 1,298 $ / sqft: $278 low | high Med: $523 On site: 68 low | high Med: 38.5 | |
![]() | $1,499,50010732 Stone Avenue 1-6Seattle, WA 98133 |