10531 Aurora Avenue N, Seattle, WA 98133

Property Description

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.

Listing Status:

Active

Data Last Updated:

July 22, 2026 at 7:21AM

Listing Office:

Real Property Associates : 206-523-0300

Listing Agent:

Grecia Thomas : 206-523-0300

MLS ID:

2554023

Interior

• A/C: None
• Heating: Forced Air
• Fireplace: Fireplaces: 0

Exterior

• General: BrickWood
• Parking: Parking spaces: 8

Construction

• Roofing: Composition
• General: 56 - 10+ Units

Location

• HOA Amenities: 0.0
• Originating MLS: nwmls
• School District: Seattle
• County: King

Lot

• Zoning: 2291400280

Utilities

• Water: Public
• Sewer: Sewer Connected

Financial

• Source: nwmls