13310 Greenwood Avenue N, Seattle, WA 98133 (MLS # 2538004)

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Listing provided courtesy of Northwest MLS; Paragon Real Estate Advisors

PRICE $1,895,000
BEDS 0
BATHS 0
HOME SIZE 5,640 sqft
LOT SIZE 6,787 sqft
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Bittertree Condominiums is an eight-unit apartment building at 13310 Greenwood Ave N in Seattle's Greenwood neighborhood. Built in 1996, the property features two large studios, two one-bedroom units, and four two-bedroom units. All units include in-unit washers and dryers, private balconies, and access to a secured garage with seven parking stalls. The building sits on a 6,787 SF LR3 (M) zoned lot on Greenwood Avenue. This is a stabilized asset with upside potential. Five units have been updated with luxury vinyl plank flooring and newer appliances. The remaining three are occupied by long-term tenants with below-market rents, offering an opportunity to increase income through natural turnover. With separate electric meters, water sub-metering, and modern construction, the property offers a low-maintenance, efficient operating profile. Seller financing is available with 30% down and a five-year interest-only term: 5.0% interest in years one and two, and 5.5% in years three through five. The investment delivers a 5.7% cap rate and 7.2% cash-on-cash return at acquisition, increasing to a 6.6% cap rate and 10.2% cash-on-cash return as rents reach market levels.

LAST UPDATED 6/10/2026 TRACT Bitter Lake
YEAR BUILT 1996 COMMUNITY Bitter Lake
GARAGE SPACES 7.0 COUNTY King
STATUS Active PROPERTY TYPE(S) Multi Family


ADDITIONAL DETAILS
AIR None
AREA 705 - Ballard/Greenlake
CONSTRUCTION Wood Siding
GARAGE Yes
HEAT Electric, Wall Furnace
LOT 6787 sq ft
MLS STATUS Active
STORIES 3
STYLE 55 - 5-9 Units
SUBDIVISION Bitter Lake
TAXES 19436
UTILITIES Sewer Available
WATER Public
ZONING Multi-Family

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 6/10/26 8:45 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.

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