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Green Lake Apartments Value-Add Opportunity
For Sale
$3,250,000
Pending

7919 Wallingford Ave N, Seattle, WA 98103

Eleven-unit apartment building near Green Lake with value-add potential.

Property SizeContact for details
Days on Market352

Property Features for 7919 Wallingford Ave N

General Information

Standard status Pending
Property subtype Commercial

Building Details

Year Built 1969
Listing Agency: PARAGON REAL ESTATE ADVISORS
Listed By: RYAN ILES
Source: Corcoran
Added: Sep 3, 2025 Changed: Jul 6 Last Checked: Jul 23 at 9:06AM

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 PARAGON REAL ESTATE ADVISORS

Investment Insights

Based on property information with market context.

The Abbey Apartments, an eleven-unit building, is available for sale in the Green Lake area. Situated near the north shore of Green Lake, this property features a mix of unit types, including seven one-bedroom/one-bath units, three two-bedroom/one-bath units, and a 1,400-square-foot three-bedroom/two-bath penthouse. The average unit size is 800 square feet. On-site common laundry is available, and one of the two-bedroom units includes its own in-unit washer and dryer. This property offers an investor the opportunity to acquire a high-quality asset with immediate income upside and value-add opportunity.

Key Highlights

  • Prime Green Lake location, just a parcel away from the north shore.
  • Value‑add opportunity with immediate income upside.
  • High‑quality asset owned and cared for by the same family since construction.

Property Analytics

Current Use

Dirt Cheap, Inc. Plumbing Service EcoTech Landscaping

Suggested Use

Top Pick Food Market (Bike/Boat/Book/etc) Store Law Firm HVAC Service Travel Agency Cosmetic Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

893
Businesses Nearby

Demographics for 98103, WA

53,056
Population
27,857
Households
1.9
Avg Household Size
35
Median Age
77%
College-Educated
98%
High-School Grad
4.6 sq mi
ZIP Area
11,534
Density / Sq Mi
$127,372
Median Household Income
$80,508
Median Earnings
$2,006
Median Rent
$1,012,900
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Eleven-unit apartment building near Green Lake with value-add potential.
Where is this apartment building located?
The property is located at 7919 Wallingford Ave N Seattle, WA.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Prime Green Lake location, just a parcel away from the north shore.; Value‑add opportunity with immediate income upside.; High‑quality asset owned and cared for by the same family since construction.
More about this property
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