8214 Greenwood Avenue N, Seattle, WA 98103

$5,500,000
16,974
SqFt

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Listing courtesy of COMPASS.

List Price
$5,500,000
Status
ACTIVE
MLS#
2375807
Days on Market
440
Style
56 - 10+ Units
Finished SqFt
16,974
Area Total SqFt
16974
Annual Tax Ammount
43724
Lot Size (sq ft)
12,628
Sewer
Sewer Connected

Property Description

Acquire this stabilized high-performing asset in Greenwood—one of Seattle’s most desirable neighborhoods. Ideally located within walking distance of major bus routes and downtown Greenwood’s vibrant retail, dining, and entertainment scene, this mixed-use property features 5 ground-floor retail spaces fronting Greenwood Ave with excellent visibility and foot traffic. The residential portion includes 7 well-appointed apartments: 3 one-bedrooms, 2 studios, and 2 two-bedrooms, plus 21 dedicated parking spaces and on-site laundry. With strong cash flow and a prime location, this turnkey investment offers immediate income in a high-demand market. The parcel is zoned NC2P-55, allowing for future development potential—buyer to verify.

Additional Information

List Date
2025-05-12 22:10:17
Community
Greenwood
Net Operating Income
$251,580
Gross Adjusted Income
$341,321
Gross Scheduled Income
$359,285
Total Monthly Income
$28,106
Insurance Expenses
$10,893
Water/Sewer/Garbage Expenses
$3,385
Gross Rent Multiplier
15.3
Total Expenses
$89,739
Cap Rate
4.57
Vacancy Rate
5
Total Number of Units
12
Unit Name
8214
Potential Terms
Cash, Conventional
Year Built
1912
Roof
Flat
Electric Expenses
3385
Other Expenses
24967
Energy Source
Electric
School District
Seattle
Total Monthly Income
$28,106
Gross Scheduled Income
$359,285
Vacancy Rate
5
Gross Adjusted Income
$341,321
Tax Year
2025
Insurance Expense
$10,893
W/S/G Expenses
$3,385
Total Expenses
$89,739
Net Operating Income
$251,580
Gross Rent Multiplier
15.3
Cap Rate
4.57
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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