Property Details
13310 Greenwood Avenue N
Seattle, WA 98133
$1,895,000
Active
Schedule a Showing
Select your date preference
Request More Info
1 / 25
Property Overview
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.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Bitter Lake
Listed
Jun 10, 2026
Structure Type
Multi Family
Parcel Number
0833800010
Tax & HOA
Annual Property Tax
$19,436 (2026)
Est. Monthly Tax
$1,620/mo
Financial Summary
Cap Rate
5.70%
Net Operating Income
$107,138
Gross Scheduled Income
$1,676,536
Gross Rent Multiplier
11.30
Total Expenses
$55,486
Vacancy Rate
3.0%
Building & Use
Building Sq Ft
5,640
Leasable Area
5,640 sqft
Total Units
8
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
6,787 sqft
Year Built
1996
Exterior & Lot
Lot Size
0.16 sqft
Year Built
1996
Garage
7 spaces
Exterior Materials
Wood
Sewer
Available
Water Source
Public
Exterior Features
Wood Products
Community & Access
Directions
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.
Location
City
Seattle
County
King
Coordinates
47.72582, -122.35513
Additional Information
Tax Year
2026
Annual Taxes
$19,436
Possession
Array
Based on information submitted to the MLS GRID as of June 10, 2026 10:45 PM. 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.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
