Seattle Multifamily Investment
For Sale
$2,950,000
Pending
12536 Greenwood Ave, Seattle, WA 98133
16-unit multifamily property in Seattle with value-add potential.
Property SizeContact for details
Days on Market523
Property Features for 12536 Greenwood Ave
General Information
Standard status
Pending
Property subtype
Commercial
Building Details
Year Built
1962
Listing Agency:
CAPSTONE COMMERCIAL REAL ESTATE ADVISORS
Listed By:
RYAN DOWNING
Source:
Corcoran
Added: Mar 7, 2025
Changed: Jul 6
Last Checked: Jul 23 at 9:49AM
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 CAPSTONE COMMERCIAL REAL ESTATE ADVISORS
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
540
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 - 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.
