11023 Greenwood Ave N Seattle

Investment Overview

11023 Greenwood Ave N is a 9-unit apartment building offering 7,953 net rentable square feet across a 7,232 square foot LR3-zoned lot.

• Unit Mix: Six 2BR/1BA units and three 1BR/1BA units

• Average Unit Size: 884 SF

• Year Built: 1974 | Effective Year: 1995

• Construction: Wood frame, 3 stories, marble creet siding, newer built-up asphalt roof

• Amenities: Common laundry, private storage lockers, secured entry, and ample parking (11 open stalls, 1 covered stall)

• Heating/Systems: Electric baseboard heating, PVC plumbing, individually metered for water/sewer

• Views: Approximately 20% of units enjoy territorial or westerly views

With durable construction, well-maintained systems, and above-average unit sizes, the property offers residents quality living in a prime Seattle neighborhood while providing investors with strong fundamentals and value-add potential.

Area Overview

Situated in the heart of Greenwood, one of North Seattle’s most vibrant neighborhoods, 11023 Greenwood Ave N enjoys a strategic location with excellent access to both urban amenities and regional transportation.

• Just minutes from Northgate Light Rail Station, providing fast connections to Downtown Seattle, South Lake Union, and the University of Washington

• Direct access to major arterials, I-5, and Highway 99, ensuring easy commutes throughout the metro area

• Surrounded by Greenwood’s eclectic mix of restaurants, cafés, shops, and entertainment venues, creating strong renter appeal

• Nearby Green Lake Park offers year-round recreation with walking trails, cycling paths, and waterfront activities

• Proximity to employment hubs in Ballard, Phinney Ridge, Northgate, and Downtown ensures sustained tenant demand

Greenwood has become one of Seattle’s most desirable residential communities, attracting professionals and families seeking neighborhood charm with urban connectivity. This enduring location strength translates into reliable occupancy, steady rent growth, and long-term investment security.

Highlights

• Unit Count: 9 total units
  • 6 × 2BR / 1BA
  • 3 × 1BR / 1BA

• Average Unit Size: 884 SF

• Year Built: 1974 (Effective Year: 1995)

• Gross Building Area: 8,708 SF

• Net Rentable Area: 7,953 SF

• Lot Size: 7,232 SF | Zoning: LR3 (M)

• All units in excellent condition with bright southern and western exposures

• 12 parking spaces (11 open, 1 covered)

• Common laundry + private storage lockers for each unit

• Newer built-up asphalt roof & durable marble creet siding

• Individually metered water/sewer | PVC plumbing | Electric baseboard heating