Greenwood Homes with 42 - Multi-Family Style

Greenwood Homes with 42 - Multi-Family Style

Welcome to Greenwood, a vibrant neighborhood nestled in the heart of Seattle, Washington. Known for its eclectic charm and welcoming community, Greenwood offers residents a perfect blend of urban convenience and suburban tranquility. This thriving area is characterized by its tree-lined streets, local boutiques, and a diverse array of dining options, making it a delightful place to call home.

Greenwood is not just a neighborhood; it's a lifestyle. Here, you'll find a rich tapestry of cultural events, from the renowned Greenwood Car Show to the lively Art Walks that showcase local talent. The community is also home to several parks, including the expansive Greenwood Park, which features playgrounds, sports fields, and walking trails, providing ample opportunities for outdoor recreation.

For those seeking multi-family homes, Greenwood boasts a variety of options that cater to different lifestyles. These multi-family residences are designed for both comfort and functionality, making them ideal for families, young professionals, and investors alike. With their spacious layouts and modern amenities, these homes offer a perfect balance of privacy and community living. The architectural styles range from charming vintage buildings to contemporary designs, ensuring there's something for everyone.

Living in Greenwood means being part of a close-knit community that values connection and collaboration. With easy access to public transportation and major highways, commuting to downtown Seattle is a breeze, allowing residents to enjoy the best of both worlds. Whether you're looking to settle down or invest, Greenwood’s multi-family homes provide an exceptional opportunity to be part of this dynamic neighborhood. Come discover the warmth and vibrancy of Greenwood – your new home awaits!

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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