Ballard/Greenlake Homes with 56 - 10+ Units Style

Ballard/Greenlake Homes with 56 - 10+ Units Style

Welcome to the vibrant neighborhoods of Ballard and Greenlake, two of Seattle’s most cherished gems that perfectly blend urban living with a touch of nature. Nestled in King County, these areas are known for their eclectic charm, rich history, and a strong sense of community.

Ballard, once a fishing village, has transformed into a bustling hub filled with trendy boutiques, artisanal eateries, and lively breweries. Stroll down Ballard Avenue to experience its historic architecture and vibrant arts scene. The nearby Ballard Locks offer a fascinating glimpse into the workings of maritime life, where you can watch boats navigate between the Puget Sound and Lake Union.

Just a stone's throw away, Greenlake is renowned for its picturesque park, which features a scenic 2.8-mile loop perfect for jogging, biking, or leisurely walks. The serene lake invites residents to enjoy kayaking, paddleboarding, and picnicking in the sun-drenched meadows. With its family-friendly atmosphere and numerous recreational activities, Greenlake is a haven for outdoor enthusiasts.

When it comes to real estate, the Ballard and Greenlake neighborhoods boast a diverse selection of homes, particularly those with 56-10+ units. These multi-family dwellings offer a unique opportunity for investors and homeowners alike, providing a blend of urban convenience and community spirit. Whether you’re seeking a charming vintage building or a modern development, the housing options here cater to various lifestyles and budgets.

Explore the best of Seattle living in Ballard and Greenlake, where every day feels like a new adventure, and a warm, welcoming community awaits you!

Newest Ballard/Greenlake Homes with 56 - 10+ Units Style

6550 Greeenwood Avenue N, Seattle
$2,800,000
2596693 MLS ⋅ ACTIVE Status
Come tour! $233K per Unit in "A" Location! | The Phinney Apartments is a 12-unit value-add apartment investment opportunity that will be delivered 75% vacant at closing, providing a rare opportunity for a new investor to sidestep many of Seattle’s stringent landlord-tenant regulations and immediately begin renovations on day one. The property is located in the heart of highly desirable Phinney Ridge, just steps from popular neighborhood restaurants and establishments including Red Mill Burgers, El Chupacabra, ThaiKu, Ridgewood Bottle & Tap, GH Pasta & Pizza, and convenient Metro bus service. Supported by a comprehensive renovation budget found in the marketing brochure, a new investor has the potential to achieve a 22.21% leveraged IRR upon sale at the end of Year 3. The unit mix consists of nine one-bedroom units averaging 585 square feet, two two-bedroom units averaging 750 square feet, and one three-bedroom, one-bathroom unit with an additional office, totaling approximately 860 square feet. Each apartment features original 1960's finishes with real hardwood floors underneath the carpeted living spaces. Units 12 & 6 feature in-unit fireplaces. Property amenities include an on-site common laundry room, 12 covered carport parking stalls, and 12 individual storage lockers. The property also features a dedicated maintenance room currently being utilized for owner storage, along with an approximately 400-square-foot bonus room. Come tour!

6550 Greeenwood Avenue N, Seattle

Listing Broker: Blake Investment Advisors; Gabe Blake; 206-618-2207; gabe@blakeia.com

712 N 143rd Street, Seattle
$2,285,000
2596055 MLS ⋅ ACTIVE Status
Windchime Apartments is a 14-unit apartment building at 712 N 143rd St in North Seattle's Bitter Lake neighborhood. Built in 1983 on a 9,962 SF lot zoned LR3(M), the three-story building offers 10,280 net rentable SF across eleven one-bedroom and three two-bedroom units. Recent capital improvements include a new TPO membrane roof (2023), upgraded electrical panels (2024) and replaced window panes (2025), with copper plumbing throughout. Unit 303 was fully renovated in September 2026 and Unit B1 was refreshed with new paint. The property has common laundry and eleven on-site parking stalls currently provided at no charge. In-place rents sit below market, with upside through unit upgrades on turnover, paid parking and a utility bill-back program. Nearby are the Shoreline South/148th light rail station, Bitter Lake, the Interurban Trail, Northgate Station and I-5. Some interior photos are virtually staged.

712 N 143rd Street, Seattle

Listing Broker: Paragon Real Estate Advisors; Michael Urquhart; 206-812-9123; michael@paragonrea.com

2223 NW 59th Street, Seattle
$3,200,000
2592865 MLS ⋅ ACTIVE Status
Twin Courts Apartments presents an exceptional investment opportunity in Seattle's highly desirable Ballard neighborhood. The property consists of 14 units across two buildings, featuring 10 one-bedroom and 4 two-bedroom apartments totaling approximately 9,408 rentable square feet. The property offers strong in-place cash flow with a 5.9% cap rate and attractive seller financing options. Recent capital improvements include updated electrical panels, newer TPO roofs, and renovations to 5 of the 14 units, providing additional upside through continued interior improvements and rental growth. Situated on two separate parcels totaling approximately 10,000 square feet, the property features covered and surface parking, on-site laundry, and convenient access to Downtown Ballard's restaurants, shopping, breweries, and entertainment. Twin Courts offers investors a compelling combination of stable income, value-add potential, and a prime Ballard location. Seller financing available.

2223 NW 59th Street, Seattle

Listing Broker: Kidder Mathews; Max Frame; 360-705-2800; max.frame@kidder.com

5920 24th Avenue NW, Seattle
$2,650,000
2590255 MLS ⋅ ACTIVE Status
The Viking apartment is a well located multi-family apartment building situated in the heart of Ballard. The Viking offers investors the opportunity to acquire a fully leased property with an in-place income stream, strong renovation upside and long-term rental growth. The Viking is a 10-unit multi-family property built in 1965. The building features 9 one bedroom, one bath units and one 2 bedrrom, 1 bath unit. Laundry room with storage lockers on the first floor. 3 carports and 3 off street parking spaces.

5920 24th Avenue NW, Seattle

Listing Broker: L. Dankers Real Estate Group; David Dankers; 206-240-1616; ddankers@gmail.com

11255 Greenwood Avenue N, Seattle
$2,200,000
2587180 MLS ⋅ ACTIVE Status
We are pleased to present the Shoreline View Apartments, a well-maintained, pride-of-ownership 10-unit property prominently located along Greenwood Avenue North in Seattle’s growing Greenwood neighborhood. Built in 1976, the property offers a unit mix of two 3-BD/2-BTH units, four 2-BD/2-BTH units, and four 1-BD/1-BTH units. Spacious floorplans, abundant natural light, private decks in most units, and updated appliances enhance renter appeal, while residences on the upper two floors enjoy water views. The property has also benefited from meaningful capital improvements, including a full roof replacement in 2017 and window replacements in 2019. Property amenities include covered and off-street parking, secured entry, elevator access, storage units, and on-site laundry. The location provides convenient access to transit, Carkeek Park, Trader Joe’s, Fred Meyer, and the abundant retail, dining, and entertainment offerings of Greenwood and Phinney Ridge. Shoreline View presents a compelling value-add opportunity for investors seeking meaningful rental upside in North Seattle. Current rents are approximately 16% below market, providing near-term income growth potential, while unit renovations and repositioning could support an estimated 32% increase over current rents. The combination of pride-of-ownership conditions, recent capital improvements, desirable amenities, and significant rental upside creates an attractive opportunity to enhance returns over time.

11255 Greenwood Avenue N, Seattle

Listing Broker: Lee & Associates Commercial RE; Dea Sumantri; 206-773-2680; dsumantri@lee-associates.com

6530 24th Avenue NW, Seattle
$2,595,000
2587105 MLS ⋅ ACTIVE Status
We are pleased to present the Glen Ellyn Apartments, an 11-unit multifamily property located in Seattle’s Ballard neighborhood. Built in 1959, the property consists of eight one-bedroom and three two-bedroom units featuring functional layouts, natural light, and natural hardwood flooring. The units remain in classic but well-maintained condition, providing a strong foundation for future renovation and modernization. The asset has also benefited from several capital improvements, including a roof replacement in 2017, replacement of the individual electrical panels in all units in 2025, and a new rear fence installed in August 2025. Property amenities include covered and off-street parking, storage units, and on-site laundry. The location provides convenient access to Ballard Community Center, QFC, National Nordic Museum, Ballard Avenue & Farmers Market, the Ballard Locks, and the Ballard Public Library, along with the neighborhood’s broader retail, dining, and recreational amenities. Current rents are approximately 13% below market, providing near-term income growth potential through future turnover and rent adjustments. Additional upside may be realized through targeted unit renovations and modernization, with renovated rents estimated at approximately 29% above current levels. Further operational upside exists through implementation of utility bill-backs, which are not currently charged, as well as the opportunity to maximize parking income.

6530 24th Avenue NW, Seattle

Listing Broker: Lee & Associates Commercial RE; Dea Sumantri; 206-773-2680; dsumantri@lee-associates.com

7101 6th Avenue NE Unit #1-10, Seattle
$2,900,000
2584164 MLS ⋅ ACTIVE Status
Greenlake Arms is a 10-unit apartment community ideally positioned just blocks from Green Lake and its retail and dining core, one of Seattle's most sought-after residential submarkets. The property boasts a "Very Walkable" Walk Score of 89 and is with a 1-minute walk to the Green Lake PCC, and a 3-minute walk to Green Lake Park. The location also offers excellent connectivity. Quick access to Interstate 5, the Link light rail, downtown Seattle, and the Eastside places tenants within easy reach of the region's largest employment centers, supporting sustained rental demand and tenant retention. Built in 1969 on a 7,000-SF parcel, the property offers a 5.8% cap and 11.3 GRM based on current operations. Roughly half of the units have been renovated with new kitchens and in-unit laundry, giving ownership a track record of successful upgrades and a clear roadmap for completing renovations on the remaining units to capture rent upside. All units feature updated dual-pane windows and nearly all feature updated electrical panels. In addition, supply plumbing is a mix of copper and PEX. This reduces near-term capital needs and supports energy efficiency. Parking is available for 11 vehicles (6 covered spaces and 5 uncovered) - a meaningful amenity in this Green Lake submarket where off-street parking is limited and commands a premium.

7101 6th Avenue NE Unit #1-10, Seattle

Listing Broker: Kidder Mathews; Dan Swanson; 425-444-6501; dan.swanson@kidder.com

6537 Oswego Place NE, Seattle
$2,300,000
2563692 MLS ⋅ ACTIVE Status
Exceptional investment opportunity just minutes from Green Lake. This well-maintained 11-unit apartment building features a desirable unit mix of nine studios and two one-bedroom units. Professional management is already in place and available to continue operations, offering a seamless transition for a passive investor. The property is zoned LR3 (RC), providing attractive future development potential. Amenities include off-street parking, storage lockers, coin-operated laundry, and individual water heaters for each unit, all replaced in 2023. Five of the eleven units have been remodeled. Ideally located within walking distance of the Roosevelt Light Rail Station, and the Green Lake Park & Ride, ,Convenient access to downtown Seattle, shopping, dining and recreation. A rare opportunity for the move-up investor seeking stable income today and long-term growth potential tomorrow.

6537 Oswego Place NE, Seattle

Listing Broker: Windermere Bellevue Commons; Janice Cai; 425-691-6998; janicecai@windermere.com

10531 Aurora Avenue N, Seattle
$1,428,000
2554023 MLS ⋅ ACTIVE Status
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.

10531 Aurora Avenue N, Seattle

Listing Broker: Real Property Associates; Grecia Thomas; 425-583-6101; gthomas@rpare.com

8008 Greenwood Avenue N, Seattle
$2,525,000
2553931 MLS ⋅ ACTIVE Status
The Monterey Apartments feature elegant and timeless architecture that appeals to a broad spectrum of renters seeking character and warmth not found in typical new buildings. There are a total of 13 apartments with a balanced mix of spacious studios and one-bedrooms and a large (1,253 SF), recently renovated two-bedroom plus den floor plan. The units are inviting and comfortable, with tall ceilings, beautiful original hardwood floors, efficient floor plans, charming period details and great natural lighting. Units on the upper floor enjoy wonderful territorial views of Green Lake and Greenwood.

8008 Greenwood Avenue N, Seattle

Listing Broker: Paragon Real Estate Advisors; Ryan Iles; 206-812-9119; ryan@paragonrea.com

8001 Densmore Avenue N, Seattle
$4,495,000
2503530 MLS ⋅ ACTIVE Status
A rare 10-unit apartment portfolio in Green Lake, spanning three buildings across two parcels totaling 8,600 SF of LR2 zoning.The portfolio features a desirable mix of one-, two-, and three-bedroom units, all with private washers and dryers. Seven units are spacious townhome-style layouts (900–1,100 SF) with attached garages, laundry, and storage. A private courtyard garden sits between the buildings, creating a quiet residential feel.Over the past decade, ownership has replaced all wiring and plumbing, fully renovated kitchens and baths, and installed new gas furnaces.This central Green Lake location earns a Walk Score of 96 and is within walking distance of the Roosevelt Light Rail Station, Green Lake Park & Ride, PCC Market, the library, and neighborhood dining.

8001 Densmore Avenue N, Seattle

Listing Broker: Lee & Associates Commercial RE; Sara Bago; 206-773-2674; sbago@lee-associates.com

8214 Greenwood Avenue N, Seattle
$5,500,000
2375807 MLS ⋅ ACTIVE Status
Acquire this stabilized high-performing asset in Greenwood—one of Seattle’s most desirable neighborhoods. Ideally located within walking distance of major bus routes and downtown Greenwood’s vibrant retail, dining, and entertainment scene, this mixed-use property features 5 ground-floor retail spaces fronting Greenwood Ave with excellent visibility and foot traffic. The residential portion includes 7 well-appointed apartments: 3 one-bedrooms, 2 studios, and 2 two-bedrooms, plus 21 dedicated parking spaces and on-site laundry. With strong cash flow and a prime location, this turnkey investment offers immediate income in a high-demand market. The parcel is zoned NC2P-55, allowing for future development potential—buyer to verify.

8214 Greenwood Avenue N, Seattle

Listing Broker: COMPASS; Ben Kaufman; 206-300-0115; ben@beneficialventures.com

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