10531 Aurora Avenue N, Seattle, WA 98133 (MLS # 2554023)

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Listing provided courtesy of Northwest MLS; Real Property Associates

PRICE $1,518,000
BEDS 0
BATHS 0
HOME SIZE 5,312 sqft
LOT SIZE 13,439 sqft
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Exceptional 13-unit investment and redevelopment opportunity on a 13,440 SF lot in prime and highly connected North Seattle location. The property includes two buildings with a desirable mix of studio, one- and two-bedroom residences, offering multiple investment strategies. Continue operating as an income-producing apartment community, increase returns through rent optimization and strategic improvements, or hold as a long-term development site. Current gross scheduled income is approximately $14,288 per month, with additional upside as several rents remain below market. Most units have been updated. NC3-55 zoning may offer potential for a future multifamily development of approximately 60-80 units; buyer to verify all development feasibility. Conveniently located near Northgate Light Rail, transit, shopping, dining, major employers and daily amenities, with an 87 Walk Score. A compelling combination of current income, value-add potential and long-term redevelopment opportunity.

LAST UPDATED 7/20/2026 TRACT Greenwood
YEAR BUILT 1950 COMMUNITY Greenwood
COUNTY King STATUS Active
PROPERTY TYPE(S) Multi Family

SCHOOLS
Elementary School Buyer To Verify
Jr. High School Buyer To Verify
High School Buyer To Verify


ADDITIONAL DETAILS
AIR None
AREA 705 - Ballard/Greenlake
CONSTRUCTION Brick, Wood Siding
HEAT Electric, Forced Air, Natural Gas
LOT 0.3085 acre(s)
LOT DESCRIPTION Alley, Curbs, Paved, Sidewalk
MLS STATUS Active
STORIES 3
STYLE 56 - 10+ Units
SUBDIVISION Greenwood
TAXES 19956
UTILITIES Sewer Connected
WATER Public

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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 7/21/26 3:05 AM 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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