LKV Realty
Logo
Grecia ThomasReal Property Associates, Inc.
$1,518,000
10531 Aurora Avenue N, Seattle, WA 98133Listing ID 2554023

10531 Aurora Avenue N, Seattle, WA 98133

Active
Greenwood
Last updated: Aug 7, 2026
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
Multi Family
Square Feet
Square Feet
5,312
Acres
Acres
0.31
Cooling
Cooling
None
Heating
Heating
Forced Air
Year Built
Year Built
1950

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.

Property Information

Property Details

Location

Address
10531 Aurora Avenue N
County
King
City
Seattle
Zip Code
98133
Subdivision
Greenwood
School District
Seattle
High School
Buyer To Verify
Elementary School
Buyer To Verify
MLS Area
705 - Ballard/Greenlake

Interior Features

Heating and Cooling

Cooling
None
Heating
Forced Air

Building

Building Information

Square Feet
5,312
Year Built
1950
Construction
Brick, Wood
Roof
Composition
Condition
Average

Financial

Special Conditions
None

Property Taxes

Tax Annual Amount
$19,956
Tax Year
2026
Source: Northwest Multiple Listing Service
Northwest Multiple Listing Service logo

Based on information submitted to the MLS GRID as of 16 Aug 2026, 07:31 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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. Some IDX listings have been excluded from this website. IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.

For corrections to this data please contact Brytecore MLS Support.

NWM106139 • NWM94569

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.