Greenwood Homes with 42 - Multi-Family Style

Greenwood Homes with 42 - Multi-Family Style

Welcome to Greenwood, one of Seattle's most vibrant and eclectic neighborhoods, nestled in the heart of King County. Known for its charming tree-lined streets and a rich tapestry of community spirit, Greenwood offers a delightful blend of urban convenience and suburban tranquility. This area boasts an impressive array of local shops, artisanal cafes, and restaurants that cater to diverse tastes, making it a culinary haven for foodies and families alike.

Greenwood's strong sense of community is evident in its many events, such as the annual Greenwood Car Show and the Greenwood Seafair Parade, which bring neighbors together and celebrate the unique character of the area. The neighborhood is also home to beautiful parks, including the expansive Greenwood Park, where residents can enjoy outdoor activities, picnics, and community gatherings.

For those considering a home in Greenwood, the multi-family housing options are particularly appealing. With a range of properties available, from charming vintage buildings to modern townhomes, multi-family homes in this neighborhood offer not only comfortable living spaces but also the potential for investment opportunities. These properties are ideal for families seeking to enjoy the benefits of community living or investors looking to capitalize on the area's growing popularity.

Living in Greenwood means being part of a welcoming community that values connection and creativity. With its rich history, vibrant culture, and diverse housing options, Greenwood is not just a place to live; it’s a place to thrive. Come and discover the charm of this enchanting Seattle neighborhood!

Newest Greenwood Homes with 42 - Multi-Family Style

$1,478,000
2566364 MLS ⋅ ACTIVE Status
Exceptional development opportunity on a 13,440 SF lot in prime and highly connected North Seattle location. 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. The current property includes two buildings (3-unit building and a 10-unit building) with a desirable mix of studio, one- and two-bedroom residences, offering multiple investment strategies for a total of 13-units. 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. A compelling combination of current income, value-add potential and long-term redevelopment opportunity.

10531 Aurora Avenue N, Seattle

Listing courtesy of Real Property Associates.

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