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Listed by:Real Property Associates • Grecia Thomas
$1,518,000
Est. payment /mo
7 Beds
13 Baths
5,312 SqFt
New
10531 Aurora AVE N Seattle, WA 98133
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,312 sqft
Price per Sqft $285
Subdivision Greenwood
MLS Listing ID 2554023
Style 56 - 10+ Units
Bedrooms 7
Year Built 1950
Annual Tax Amount $19,956
Lot Size 0.309 Acres
Property Sub-Type Multi Family
Property Description
Exceptional 13-unit investment and redevelopment opportunity on a 13,440 SF lot in prime and highly connected North Seattle location. The property includes two buildings with a desirable mix of studio, one- and two-bedroom residences, offering multiple investment strategies. Continue operating as an income-producing apartment community, increase returns through rent optimization and strategic improvements, or hold as a long-term development site. Current gross scheduled income is approximately $14,288 per month, with additional upside as several rents remain below market. Most units have been updated. NC3-55 zoning may offer potential for a future multifamily development of approximately 60–80 units; buyer to verify all development feasibility. Conveniently located near Northgate Light Rail, transit, shopping, dining, major employers and daily amenities, with an 87 Walk Score. A compelling combination of current income, value-add potential and long-term redevelopment opportunity.
Location
State WA
County King
Area 705 - Ballard/Greenlake
Interior
Fireplace false
Exterior
Exterior Feature Brick, Wood
View Y/N No
Roof Type Composition
Building
Lot Description Alley, Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Buyer To Verify
School District Seattle
Others
Senior Community No
Acceptable Financing Cash
Listing Terms Cash
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