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, Greenwood is not just a place to live; it’s a community that thrives on its rich culture and diverse offerings. Known for its charming tree-lined streets, Greenwood boasts an array of local shops, cozy cafes, and artisan eateries that beckon residents and visitors alike to explore.

The neighborhood is steeped in history, with a mix of classic architecture and modern developments that create a unique blend of old and new. Greenwood’s strong sense of community is evident in its many events, such as the annual Greenwood Car Show and the popular Greenwood Seafair Parade, which bring neighbors together and celebrate local spirit.

For those considering a move to this delightful area, multi-family homes in Greenwood offer an excellent opportunity for both homeowners and investors. With a variety of styles and sizes, these properties cater to a diverse group of residents, from young professionals to families looking for more space. The multi-family homes here often feature spacious layouts, shared amenities, and the potential for rental income, making them a smart choice in today’s competitive market.

Greenwood’s prime location provides easy access to downtown Seattle, as well as nearby parks and recreational areas, making it an ideal spot for those who appreciate both urban convenience and outdoor adventures. With its welcoming atmosphere and thriving community, Greenwood is not just a neighborhood; it’s a place where you can truly feel at home. Come explore the possibilities and discover why Greenwood is the perfect place to call home!

Newest Greenwood Homes with 42 - Multi-Family Style

$1,518,000

2566364 MLS ⋅ ACTIVE Status

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.

10531 Aurora Avenue N, Seattle

Listing courtesy of Real Property Associates.

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