Greenwood Homes with 42 - Multi-Family Style

Welcome to Greenwood, one of Seattle's most vibrant and eclectic neighborhoods! Nestled in the heart of King County, Greenwood is known for its unique blend of urban charm and suburban tranquility. This lively area is characterized by its tree-lined streets, a rich tapestry of local businesses, and a strong sense of community, making it an ideal place for families, young professionals, and anyone seeking a welcoming atmosphere.

Greenwood boasts a diverse array of amenities, from cozy cafes and artisan bakeries to eclectic boutiques and lively bars. The neighborhood is home to beautiful parks, including the expansive Greenwood Park, where residents can enjoy outdoor activities, picnics, and seasonal events. With a vibrant arts scene and a calendar full of community events, there’s always something happening in Greenwood.

For those looking to invest in real estate, Greenwood offers a variety of housing options, particularly multi-family homes. These properties are perfect for investors or those looking to live in one unit while renting out the others. With a mix of classic Seattle-style architecture and modern designs, multi-family homes in Greenwood provide ample opportunities for both income generation and comfortable living. The neighborhood's proximity to public transit and major thoroughfares makes commuting to downtown Seattle a breeze, while still allowing residents to enjoy the peace and quiet of a close-knit community.

Whether you’re looking to buy, invest, or simply explore, Greenwood is a neighborhood that captures the essence of Seattle living. Come discover the charm and potential that awaits you in this delightful neighborhood!

Newest Greenwood Homes with 42 - Multi-Family Style

$1,478,000

2566364 MLS ⋅ ACTIVE Status

Exceptional development opportunity on a 13,440 SF lot in prime and highly connected North Seattle location. 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. The current 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 for a total of 13-units. 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. A compelling combination of current income, value-add potential and long-term redevelopment opportunity.

10531 Aurora Avenue N, Seattle

Listing courtesy of Real Property Associates.

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