12536 Greenwood Avenue North

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Address: 12536 Greenwood Ave N, Seattle, WA 98133, USA
Created date: March 7, 2025
Date last updated: May 6, 2025

Property Description

Unlock the Full Potential of Cedar Lane Apartments. Discover a prime value-add investment opportunity in the heart of Seattle, WA. Cedar Lane Apartments is a well-maintained 16-unit, 10,276 SF multifamily property built in 1962, offering significant upside potential through modern renovations and unit upgrades. Strategically located in a desirable neighborhood and zoned LR3(M), this low-rise garden-style community is primed for increased rental income and long-term appreciation. The Cedar Lane Apartments provides immediate returns while offering investors the opportunity to maximize value through cosmetic enhancements, amenity improvements, and strategic management efficiencies. This is a rare chance to transform a stable asset into a high-performing property in one of Seattle’s thriving rental markets. Don’t miss out on this lucrative investment—capitalize on Cedar Lane’s untapped potential today!

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $2,950,000
No. of Units: 16
Average Occupancy: 6.18
Year Built: 1962
Lot Size: 0.33 Acres
Opportunity Zone: No
Price per unit: $184,375
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Address: 12536 Greenwood Avenue North, Seattle, WA 98133, USA
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