13310 Greenwood Avenue N, Seattle, WA 98133
Local realty services provided by:Better Homes and Gardens Real Estate Northwest Home Team
Listed by: michael urquhart, ben douglas
Office: paragon real estate advisors
MLS#:2538004
Source:NWMLS
13310 Greenwood Avenue N,Seattle, WA 98133
$1,895,000
- - Beds
- - Baths
- 5,640 sq. ft.
- Multi-family
- Active
Price summary
- Price:$1,895,000
- Price per sq. ft.:$335.99
About this home
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....
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Home facts
- Year built:1996
- Subdivision & Development:Bitter Lake
- Listing ID #:2538004
- Updated:September 21, 2026 at 07:38 PM
Rooms and interior
- Flooring:Laminate
- Living area:5,640 sq. ft.
Structure and exterior
- Roof:Composition
- Year built:1996
- Building area:5,640 sq. ft.
- Lot area:0.16 Acres
- Construction Materials:Wood Products Exterior Finish
Utilities
- Water:Public
- Sewer:Available
Finances and disclosures
- Price:$1,895,000
- Price per sq. ft.:$335.99
- Tax amount:$19,436 (2026)
Parking
- Total parking spaces:8
- Garage:Yes
- Garage spaces:7
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