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23335582
23335583

8214 Greenwood Ave N, Seattle, WA 98103

Compass
Listed by Compass
$5,500,000
443 days on market
Updated 44 days ago

8214 Greenwood

Details
Property Type Mixed Use
Sub Type Multifamily, Retail
Square Footage 15,840
Cap Rate 4.57%
NOI $251,580
Occupancy 100%
Price per SqFt $347
Year Built 1912
Zoning NC2P-55
Parking Spaces 21 spaces
Parking Per SqFt 1.33

Mixed Use | 4.57% CAP | 15,840 SqFt

Marketing description

A rare opportunity to own a stabilized, cash-flowing asset in one of Seattle’s most sought-after neighborhoods. Located in the vibrant Greenwood district, this investment is within walking distance of bus routes and downtown Greenwood’s retail, dining, and entertainment scene.

This mixed-use property features five ground-floor retail spaces and seven well-appointed apartments. The apartment floor plans include: 3 one-bedrooms, 2 studios, and 2 two-bedrooms. With on-site laundry and 21 dedicated parking spaces, this property offers convenience and appeal for both residents and businesses alike.

With a strong cash flow and prime location, this turn-key asset delivers immediate income potential in a high-demand market. Additionally, the parcel is zoned NC2P55, and the parking lot alone could support a residential development - buyer to verify.


Listing Contacts

Compass
Listed by Compass

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$251,580.00
$20,965.00/mo

Valuation Metrics

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DSCR
4.57%
Cap Rate
4.57%
ROI

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