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    13322 Greenwood Ave N Seattle, WA 98133

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    For Sale
    $5,600,000

    Prime value-add investment in Seattle's sought-after Greenwood neighborhood.

    Building Details

    Year built
    1966

    Source: CUSHMAN & WAKEFIELD Agent TIM MCKAY

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Greenwood North Apartments Investment Opportunity

    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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Greenwood apartments Apartment Building

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3551252
    Latitude
    47.7261119

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    FAQs

    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.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    13322 Greenwood Ave N Seattle, WA 98133
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