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11023 Greenwood Ave N 9 Unit Apartment Building $2,495,000 ($277,222/Unit) 6.20% Cap Rate Seattle, WA 98133
EXECUTIVE SUMMARY
KW Commercial and Excel Properties are pleased to present the exclusive offering of 11023 Greenwood Ave N, a well-maintained 9-unit apartment community in the highly desirable Greenwood neighborhood of North Seattle.
Built in 1974 and updated over the years, the three-story, wood-frame building features a mix of six 2-bedroom/1-bath units and three 1-bedroom/1-bath units, averaging 884 square feet per unit. All units are in excellent condition and benefit from sunny west and south-facing exposures. The property offers 12 parking spaces (11 open, 1 covered), along with private storage lockers for each unit.
Built in 1974 and updated over the years, the three-story, wood-frame building features a mix of six 2-bedroom/1-bath units and three 1-bedroom/1-bath units, averaging 884 square feet per unit. All units are in excellent condition and benefit from sunny west and south-facing exposures. The property offers 12 parking spaces (11 open, 1 covered), along with private storage lockers for each unit.
PROPERTY FACTS
| Price | $2,495,000 | Building Class | C |
| Price Per Unit | $277,222 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 8,708 SF |
| Cap Rate | 6.20% | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1974/1992 |
| Property Subtype | Apartment | Parking Ratio | 1.38/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | L-3, Seattle - LR-3(M) | ||
| Price | $2,495,000 |
| Price Per Unit | $277,222 |
| Sale Type | Investment |
| Cap Rate | 6.20% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 8,708 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1974/1992 |
| Parking Ratio | 1.38/1,000 SF |
| Zoning | L-3, Seattle - LR-3(M) |
AMENITIES
UNIT AMENITIES
- Balcony
- Kitchen
- Refrigerator
- Sprinkler System
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Security System
- Walk-Up
- Smoke Detector
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Walk Score®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 891050-0720 | Improvements Assessment | $1,070,600 |
| Land Assessment | $1,012,400 | Total Assessment | $2,083,000 |
PROPERTY TAXES
Parcel Number
891050-0720
Land Assessment
$1,012,400
Improvements Assessment
$1,070,600
Total Assessment
$2,083,000
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11023 Greenwood Ave N
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