Active · Land

10531 Aurora Avenue N, Seattle, WA 98133

Seattle, WA 98133

$1,478,000

— bedrooms · — bathrooms · 0 sq ft

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Listing provided by Real Property Associates · MLS #2566364 · Active

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About this property

Exceptional development opportunity on a 13,440 SF lot in prime and highly connected North Seattle location. 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. The current property includes two buildings (3-unit building and a 10-unit building) with a desirable mix of studio, one- and two-bedroom residences, offering multiple investment strategies for a total of 13-units. 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. A compelling combination of current income, value-add potential and long-term redevelopment opportunity.

Property details

Property type: Land
Lot size: 13,440 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $19,956 (2026)
School district: Seattle

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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