Greenwood North Apartments Investment
For Sale
$5,600,000
Pending
13322 Greenwood Ave N, Seattle, WA 98133
Prime value-add investment in Seattle's sought-after Greenwood neighborhood.
Property SizeContact for details
Days on Market574
Property Features for 13322 Greenwood Ave N
General Information
Standard status
Pending
Property subtype
Commercial
Building Details
Year Built
1966
Listing Agency:
CUSHMAN & WAKEFIELD
(206) 369-7599
Listed By:
TIM MCKAY · License #95945
Source:
Corcoran
Added: Jan 23, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:33AM
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 CUSHMAN & WAKEFIELD
Investment Insights
Based on property information with market context.
Greenwood North Apartments presents an opportunity to acquire a value-add investment property in the Greenwood neighborhood of North Seattle. Offered for sale for the first time in over 40 years, the property has been maintained. Each unit includes a private balcony or patio. Nine units have washer and dryer installations, showcasing value-add potential. Completing interior renovations and adding washers and dryers to the remaining units could increase average rent per unit by approximately 25%. Each unit averages over 1,000.
Key Highlights
- Prime value‑add investment opportunity in the highly sought‑after Greenwood neighborhood of North Seattle.
- Opportunity to increase average rent per unit by approximately 25% through interior renovations and washer/dryer installations.
- Meticulously maintained property, offered for sale for the first time in over 40 years.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
676
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Prime value-add investment in Seattle's sought-after Greenwood neighborhood.
Where is this apartment building located?
The property is located at 13322 Greenwood Ave N Seattle, WA.
What is the asking price?
The asking price for this property is $5,600,000.
What are key features of this property?
This property features: Prime value‑add investment opportunity in the highly sought‑after Greenwood neighborhood of North Seattle.; Opportunity to increase average rent per unit by approximately 25% through interior renovations and washer/dryer installations.; Meticulously maintained property, offered for sale for the first time in over 40 years.
