10540 Greenwood Ave N - Apartments FOR SALE


Seattle, WA 98133- Bitter Lake
$2,500,000 USD
253-486-6725
10540 Greenwood Ave N, Seattle, WA for Sale
$2,500,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

10540 Greenwood Ave N
Seattle, WA 98133
Bitter Lake


HIGHLIGHTS

  • Efficient layout includes 38 SEDUs, 3 studios, 2 open one bedrooms, and 20 traditional one-bedrooms—well-suited for workforce housing
  • Partially built with permits in place and garage construction already underway
  • Rooftop deck offering scenic views of the Olympic Mountains
  • Less than two miles from Northgate Light Rail Station and just 200 feet from a multi-route bus stop

OVERVIEW

Cushman & Wakefield Capital Markets (“C&W”) is pleased to present an exclusive opportunity to acquire 10540 Greenwood Ave N (the “Property”), a partially completed apartment complex located in the Greenwood neighborhood of North Seattle. The development features 63 residential units—a mix of SEDUs, studios, open 1-bedrooms, and traditional 1-bedrooms - plus two ground-level commercial spaces totaling approximately 2,400 square feet. Designed with market-rate functionality in mind, the building offers a mix of layouts averaging 443 square feet, plus desirable tenant amenities such as a rooftop deck with Olympic Mountain views, secure bike storage, and underground parking for 34 vehicles. The foundation and garage structure are already underway, providing a head start for an investor or developer ready to complete the project. Located near key transportation corridors and close to expanding light rail service, this property benefits from excellent connectivity and strong long-term growth fundamentals. The site is zoned C1-55 (M) on a 14,400 SF parcel and is being offered as-is.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$49 USD /SF

# OF UNITS

63

PRICE/UNIT

$39,683

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

10540 Greenwood Ave N

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2026

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

C1-55 (M)

APN/PARCEL ID

891100-0340

ASK ABOUT THIS PROPERTY

Jacob OdegardCushman & WakefieldMore Info
253-486-6725

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jacob OdegardCushman & WakefieldMore Info
253-486-6725

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.