11255 Greenwood Ave N

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Address: 11255 Greenwood Ave N, Seattle, WA 98133, USA
Seattle & Northwest + Apartment Buildings
Created date: September 23, 2026
Date last updated: September 23, 2026
Price: $2,200,000Investment Analyzer NEW!
  • Pride-of-Ownership: Well-maintained 10-unit property with a full roof replacement completed in 2017 and window replacements in 2019.
  • Compelling Rental Upside: Current rents are approximately 16% below market, with the potential to achieve an estimated 32% increase through strategic unit renovations and repositioning.
  • Desirable Unit Mix & Water Views: Spacious one-, two-, and three-bedroom floorplans, including upper-floor residences with attractive water views and select private decks.
  • Strong North Seattle Location: Prominent Greenwood Avenue North location with convenient access to transit, Carkeek Park, Trader Joe’s, Fred Meyer, and the retail, dining, and entertainment amenities of Greenwood and Phinney Ridge.

Property Description

The Lee & Associates Northwest | Multifamily Team is pleased to present Shoreline Views Apartments, a well-maintained, pride-of-ownership 10-unit multifamily property prominently located along Greenwood Avenue North in Seattle’s growing Greenwood neighborhood. Built in 1976, the property offers a desirable unit mix of two three-bedroom/two-bath units, four two-bedroom/two-bath units, and four one-bedroom/one-bath units. Spacious floorplans, abundant natural light, private decks in most units, and updated appliances enhance renter appeal, while residences on the upper two floors enjoy attractive water views. The property has also benefited from meaningful capital improvements, including a full roof replacement in 2017 and window replacements in 2019. Property amenities include covered and off-street parking, secured entry, elevator access, storage units, and on-site laundry. The location provides convenient access to transit, Carkeek Park, Trader Joe’s, Fred Meyer, and the abundant retail, dining, and entertainment offerings of Greenwood and Phinney Ridge. Shoreline Views presents a compelling value-add opportunity for investors seeking meaningful rental upside in North Seattle. Current rents are approximately 16% below market, providing near-term income growth potential, while strategic unit renovations and repositioning could support an estimated 32% increase over current rents. The combination of pride-of-ownership conditions, recent capital improvements, spacious units, desirable amenities, and significant rental upside creates an attractive opportunity to enhance returns over time.
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Broker Details

Dea Sumantri
Dea Sumantri

Lee & Associates Commercial Real Estate Services 206-773-2680

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $2,200,000
No. of Units: 10
Year Built: 1976
Lot Size: 0.15 Acres
Opportunity Zone: No
Price per unit: $220,000
Property Website Click Here
Address: 11255 Greenwood Ave N, Seattle, WA 98133, USA
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