20-Unit Townhome Development
For Sale
$4,000,000
10520 Greenwood Ave N, Seattle, WA 98133
20-unit townhome development opportunity in prime Seattle location.
Property SizeContact for details
Days on Market844
Property Features for 10520 Greenwood Ave N
General Information
Standard status
Active
Building Details
Year Built
1955
Listing Agency:
REALTY ONE GROUP ENTERPRISE
Listed By:
KEVIN ZELLMER
Source:
Corcoran
Added: May 21, 2024
Changed: Mar 16
Last Checked: Apr 12 at 11:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REALTY ONE GROUP ENTERPRISE
Investment Insights
Based on property information with market context.
This is a development opportunity for builders, developers, and multi-family investors. The property features a 20-unit townhome development with MUP approval. The site consists of a double lot with two tax parcels being sold together. Building permits have been approved and issued to the buyer with fees paid. The unit mix ranges from 1,130 to 2,091 square feet, with 2 to 4 bedrooms and 2 to 2.5 bathrooms. Each unit includes rooftop decks and covered parking, with 20 underground parking spots available. The location offers a Walk Score of 85 and is within walking distance to a bus stop. It is conveniently located for commuters to downtown Seattle, the zoo, Green Lake, Northgate Mall, and UW Medical Center. The property can be developed to sell 23 fee simple townhomes, build to lease, or a combination of both.
Key Highlights
- Approved MUP for 23 Fee Simple Townhomes: Ready for development as a 20‑unit townhome project with flexibility to build for sale or lease.
- Building Permits Approved and Fees Paid: Streamlined development process with permits already in place.
- Excellent Location: Commuter‑friendly location near Downtown Seattle, the Zoo, Green Lake, Northgate Mall, and UW Medical Center; Walk Score of 85.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
729
Businesses Nearby
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Business Placement
Demographics for 98133, WA
50,720
Population
24,730
Households
2.1
Avg Household Size
39
Median Age
51%
College-Educated
94%
High-School Grad
7.1 sq mi
ZIP Area
7,144
Density / Sq Mi
$92,371
Median Household Income
$60,328
Median Earnings
$1,794
Median Rent
$719,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - 20-unit townhome development opportunity in prime Seattle location.
Where is this apartment building located?
The property is located at 10520 Greenwood Ave N Seattle, WA.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Approved MUP for 23 Fee Simple Townhomes: Ready for development as a 20‑unit townhome project with flexibility to build for sale or lease.; Building Permits Approved and Fees Paid: Streamlined development process with permits already in place.; Excellent Location: Commuter‑friendly location near Downtown Seattle, the Zoo, Green Lake, Northgate Mall, and UW Medical Center; Walk Score of 85.
