201 N 101st Street, Seattle, WA 98133
Courtesy of Real Broker LLC
- $595,000
- 2
- BD
- 2
- BA
- 1,150
- SqFt
- List Price
- $595,000
- Status
- ACTIVE
- Days on Market
- 3
- MLS#
- 2560712
- Subtype
- Residential
- Style
- 17 - 1 1/2 Stry w/Bsmt
- Year Built
- 1926
- Bedrooms
- 2
- Bathrooms
- 2
- Living Area
- 1,150
- Lot Size
- 5,449
- Acres
- 0.13
- Subdivision
- Greenwood
- Neighborhood
- Greenwood
- Building Name
- Northern Heights Add
- MLS Area Major
- Ballard/Greenlake
Property Description
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.
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Additional Information
- Interior Features
- Water Heater
- Exterior Features
- Wood
- Property Description
- 17 - 1 1/2 Stry w/Bsmt
- Flooring
- Vinyl, Carpet
- Heating
- Ductless
- Air Conditioning
- Ductless
- Levels
- One and One Half
- Roof
- Composition
- Parking Features
- Driveway, Off Street
- School District
- Seattle
- Elementary School
- Viewlands
- Middle School
- Whitman Mid
- High School
- Ingraham High
Based on information submitted to the MLS GRID as of . 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 noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.