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MLS: #NWM2538004, Listed By: Michael Urquhart, Paragon Real Estate Advisors, Source:NWMLS - Northwest Multiple Listing Service

13310 Greenwood Avenue

Seattle, WA 98133
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Bed 0

Bed

Bath 0

Bath

SqFt5,640

Sqft

Acres0.16

Acre(Lot)

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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Detail Ic Property Details

Property Type : Residential Income

Price : $1,895,000

AD Id : 82640284

MLS Id : NWM2538004

Lot Size : 0.16 Acre

Living Area Size : 5,640

Year Built : 1996

Garage : 7

County : King

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Feature Features

  • Interior Features

    Roof: Composition

    Roofing Information

    Composition
  • Flooring Information

    Flooring: Laminate Construction Materials: Wood
  • Heating & Cooling

    Heating: Wall Furnace Has Heating: Yes Cooling: None WaterSource: Public

  • Building Information

    Year Built: 1996
  • Exterior Features

    Wood Products Construction Materials: Wood Foundation Details: Poured Concrete

  • Lot Information

    Lot Square Feet: 6787 Lot Acres: 0.1558

    Property Information

    Property Type: Residential Income Sub Type: Multi Family Structure Type: Multi Family

  • Listing Price Information

    Original List Price:$1895000

  • Tax Information

    Annual Tax: $19436 Tax Year: 2026 Parcel Number: 0833800010

  • Parking Information

    Total Parking: 8

    Garage Information

    Garage Space: 7

  • Utility Information

    Sewer: Available Water Source: Public
  • Location Information

    Subdivision: Bitter Lake City: Seattle Direction: Start on I-5 N. Take exit 174. Take NE 130th St to Greenwood Ave N. Keep left. Turn left onto NE 130th St. Turn right onto Greenwood Ave N. Destination will be on the right.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
529 N 103rd Street, Seattle, WA, 98133 $600,000 -- -- 1,620 1,620 SqFt
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ByOwner last updated this listing 06/25/2026 @ 18:20

MLS: NWMLS #2538004 LISTED BY: Michael Urquhart, Paragon Real Estate Advisors 206-623-8880 SOURCE: NWMLS - Northwest Multiple Listing Service (Listings courtesy of NWMLS - Northwest Multiple Listing Service as distributed by MLS GRID)

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