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    Well-Maintained Seattle Apartment Complex Title is generated by Realmo AI

    9701 Woodlawn Ave N, Seattle, WA 98103

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    Claim this Listing
    For Sale
    $1,400,000

    Five-unit apartment complex with diverse unit mix in Seattle.

    Type:Commercial
    Property size:
    4,390 SF
    Price / SF:
    $318/SF
    Added:
    Apr 13, 2026
    Days on Market:
    78
    Last Refresh:
    Apr 14 at 7:08 am

    Property Features for 9701 Woodlawn Ave N

    General Information

    Standard status
    Active
    Size
    4,390 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1968

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    JACOB ODEGARD

    Listing office CUSHMAN & WAKEFIELD

    Listing date Apr 13, 2026

    Source Corcoran

    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

    HighLights

    • Well‑maintained 5‑unit apartment complex.
    • Diverse unit mix including studio, one‑bedroom, two‑bedroom, and a three‑bedroom townhome.
    • Townhome style unit available.
    • Studio unit available.
    • One‑bedroom unit available.
    • Two‑bedroom unit available.

    Overview

    This is a 5-unit apartment complex known as Woodlawn North Apartments. The property has been well maintained and features a diverse unit mix, including a studio, one-bedroom, and two-bedroom units, as well as a three-bedroom townhome-style unit. The property size is 4,390 square feet.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $134.3k $30.60
    − Vacancy −$7.0k −$1.59
    EGI $127.3k $29.01
    − OpEx −$57.3k −$13.05
    NOI $70.0k $15.95
    4,390 SF · lease $30.60/SF/yr · vacancy 5.20% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $1.00M
    $875.5K – $1.17M (±1% cap)
    NOI $70,042 @ 7.0% cap · market cap 5.00%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.77M
    $1.55M – $2.07M (±1% cap)
    NOI $124,219 @ 7.0% cap · market cap 8.87%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3390311
    Latitude
    47.6999005

    FAQs

    What type of property is this?
    Apartment building - Five-unit apartment complex with diverse unit mix in Seattle.
    Where is this apartment building located?
    The property is located at 9701 Woodlawn Ave N Seattle, WA.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: Well‑maintained 5‑unit apartment complex.; Diverse unit mix including studio, one‑bedroom, two‑bedroom, and a three‑bedroom townhome.; Townhome style unit available.
    More about this property
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