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    12536 Greenwood Ave Seattle, WA 98133

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    For Sale
    $2,950,000

    16-unit multifamily property in Seattle with value-add potential.

    Building Details

    Year built
    1962

    Source: CAPSTONE COMMERCIAL REAL ESTATE ADVISORS Agent RYAN DOWNING

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

    Overview

    Seattle Multifamily Investment Opportunity

    Cedar Lane Apartments presents a multifamily investment opportunity in Seattle, WA. This well-maintained, 16-unit property, constructed in 1962, encompasses 10,276 square feet. Zoned LR3(M), the low-rise, garden-style community offers potential for increased rental income and long-term appreciation through modern renovations and unit upgrades. The property allows for immediate returns while offering investors the chance to maximize value through cosmetic enhancements, amenity improvements, and strategic management efficiencies. This property is located in a desirable neighborhood.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.355203
    Latitude
    47.7208088

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    FAQs

    What type of property is this?
    Apartment building - 16-unit multifamily property in Seattle with value-add potential.
    Where is this apartment building located?
    The property is located at 12536 Greenwood Ave Seattle, WA.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: - Value-add investment opportunity with significant upside potential through renovations and upgrades.; - Well-maintained 16-unit multifamily property in Seattle, WA.; - Zoned LR3(M), allowing for increased rental income and long-term appreciation.
    Request Owner's contact information
    12536 Greenwood Ave Seattle, WA 98133
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    Seattle, WA 98133
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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
    12536 Greenwood Ave Seattle, WA 98133
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