Rare opportunity to acquire an income-producing redevelopment property in one of Seattle's most sought-after neighborhoods. Positioned on a flat 5,449 SF lot with NR3 zoning allowing the potential for up to four residential units, this Greenwood property combines immediate rental income with exceptional long-term upside at an accessible price point. The existing single-family home is currently configured with separately rented upper and lower living spaces, generating $2,800/month in rental income while you pursue design, permitting, and redevelopment. Unlike a typical redevelopment site, this property provides income during the entitlement process, helping offset carrying costs while preserving multiple investment strategies. Just off Greenwood Ave with a Walk Score of 81, the property is steps from restaurants, parks, and everyday conveniences. Enjoy quick access to Hwy 99, I-5, Northgate Link Light Rail, RapidRide, and downtown Seattle. Per neighbors, future development may capture Olympic Mountain views, enhancing value. Whether you're planning your first redevelopment project or adding to an established portfolio, opportunities that combine immediate income, development flexibility, and a premier North Seattle location are increasingly difficult to find.
Sold
Zillow last checked:
Listing updated:
Offers reviewed: Aug 05
Bought with:
Sarah McCormick, 20114793
Real Property Associates, Inc.
Source: NWMLS as distributed by MLS GRID,MLS#: 2560712
Price history
| Date | Event | Price |
|---|---|---|
| 9/9/2026 | Sold | $595,000$517/sqft |
Source:  NWMLS as distributed by MLS GRID #2560712 Report a problem | ||
| 8/7/2026 | Pending sale | $595,000$517/sqft |
Source: NWMLS as distributed by MLS GRID #2560712 Report a problem | ||
| 7/30/2026 | Listed for sale | $595,000+242%$517/sqft |
Source: NWMLS as distributed by MLS GRID #2560712 Report a problem | ||
| 8/6/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 8/1/2024 | Price change | $1,795-10%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/4/2024 | Price change | $1,995-9.1%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/23/2024 | Listed for rent | $2,195+22.3%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/15/2021 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 9/29/2021 | Listed for rent | $1,795$2/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 9/13/2019 | Listing removed | $1,795$2/sqft |
Source: Real Property Associates Report a problem | ||
| 8/30/2019 | Price change | $1,795+5.9%$2/sqft |
Source: Real Property Associates Report a problem | ||
| 8/29/2019 | Listed for rent | $1,695-5.6%$1/sqft |
Source: Zillow Rental Network Report a problem | ||
| 8/29/2018 | Listing removed | $1,795$2/sqft |
Source: Zillow Rental Network Report a problem | ||
| 7/30/2018 | Price change | $1,795-10%$2/sqft |
Source: Zillow Rental Network Report a problem | ||
| 7/18/2018 | Price change | $1,995-9.1%$2/sqft |
Source: Zillow Rental Network Report a problem | ||
| 6/12/2018 | Price change | $2,195-8.4%$2/sqft |
Source: Zillow Rental Network Report a problem | ||
| 5/30/2018 | Listed for rent | $2,395$2/sqft |
Source: Zillow Rental Network Report a problem | ||
| 7/13/2001 | Sold | $174,000$151/sqft |
Source: NWMLS as distributed by MLS GRID #21074473 Report a problem | ||
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Estimated market value
$599,700
