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7100 Greenwood Avenue

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7100 Greenwood Avenue

7100 Greenwood Ave N, Seattle, WA 98103
Multi-Family For Sale Available Cap Rate 5.2% Built 1990 4 floors Zoning: NC2-55(M)
Asking Price
$13,195,000
Total Building43,035 SF
Available28,375 SF avail
Land12,197 SF land
MarketGreenlake
CountyKing

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Contact the Muljat Team about this listing.

Overview

Property ID
259866
Listing ID
711683
Type
Multi-Family
Asset Class
Multi-Family
Zoning
NC2-55(M)

Description

We are pleased to present Greentree Apartments, an exceptional mixed-use investment opportunity located at 7100 Greenwood Avenue N in Seattle’s Phinney Ridge neighborhood. The property offers investors a rare chance to acquire a legacy asset being brought to market for the ?rst time since its original development. Built as condominiums in 1990 with individual tax parcels already established, the property re?ects a higher standard of construction quality and long-term durability. With the condo mapping already completed, Greentree offers multiple exit strategies typically unavailable in traditional apartment buildings. The asset features an outstanding unit mix of studios, one-bedroom, and one-bedroom plus den apartments, thoughtfully designed to attract a broad tenant base. Highlighting the residential offering is a coveted top-?oor penthouse unit complete with a private rooftop deck, delivering unobstructed views of Green Lake and creating a premium rental opportunity. Complementing the residential component, the ground-?oor retail is fully leased to two established, service-oriented tenants—BabyFace Spa and KAnder Salon—providing consistent income with an average remaining lease term of approximately 4.5 years. Tenant appeal is further enhanced by practical amenities including 30 off-street garage parking spaces and in-unit washer and dryer hookups in each apartment home. Please contact LA for additional information.

Listing Courtesy of:

JM
Jake Morse
Marcus & Millichap, Inc.
401 Union Street, 32nd fl,
Seattle, WA 98101
State: WA City: Seattle ZIP: 98103 Type: For Sale

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Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.