10531 Aurora AVE N, Seattle, WA 98133
10531 Aurora AVE N, Seattle, WA 98133
10531 Aurora AVE N, Seattle, WA 98133
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Listed by:Real Property Associates • Grecia Thomas
$1,518,000
Est. payment /mo
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0.31 Acres Lot
Active

10531 Aurora AVE N Seattle, WA 98133

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Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

Subdivision Greenwood

MLS Listing ID 2566364

Style 42 - Multi-Family

Annual Tax Amount $19,956

Lot Size 0.309 Acres

Property Sub-Type Land

Property Description

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.

Location

State WA

County King

Area 705 - Ballard/Greenlake

Interior

Fireplace false

Exterior

Utilities Available Electricity Connected, Natural Gas Available

View Y/N Yes

View See Remarks, Territorial

Building

Lot Description Alley, Curbs, Paved, Sidewalk

Sewer Available

Water Available

Schools

Elementary Schools Buyer To Verify

Middle Schools Buyer To Verify

High Schools Buyer To Verify

School District Seattle

Others

Senior Community No

Acceptable Financing Cash

Listing Terms Cash

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

NEARBY SCHOOL & BUSINESS

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DJ Gee

DJ Gee

+1(253) 363-0413

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