207 N 104th
$2,495,000
207 North 104th Street, Shoreline, WA 98133
6.1
Cap Rate
10,808 sqft
Building Size
Details:
Description:
KW Commercial and Excel Properties is pleased to present the offering of 207 N 104th Street, a 9-unit apartment building in Seattle’s highly sought-after Greenwood neighborhood. This three-story, wood-frame property features a mix of six 2-bedroom units and three 3-bedroom units, averaging nearly 1,000 square feet each. Select units offer territorial and city views, fireplaces, and private laundry, providing strong tenant appeal. Covered and uncovered parking is available on-site. Situated on an 8,334 square foot lot with C1-55 (M) zoning, the property provides both stable in-place income and long-term redevelopment potential. Its central North Seattle location offers excellent access to major employment centers, neighborhood amenities, and transit. With consistent occupancy, strong rental demand, and value-add upside, 207 N 104th Street represents an outstanding opportunity for investors seeking stable cash flow with future appreciation potential.
Nestled in Seattle’s vibrant Greenwood neighborhood, 207 N 104th Street offers residents a unique balance of neighborhood charm and urban convenience. Greenwood is known for its eclectic mix of local restaurants, cafés, boutique shops, and entertainment venues, creating a lively and walkable community atmosphere. The property is ideally located with excellent transit access, providing direct connections to Downtown Seattle, South Lake Union, and the University of Washington. Major employers and tech hubs are easily reached via Highway 99 and I-5, making Greenwood a popular choice for renters seeking proximity to work while enjoying a residential neighborhood feel. Residents enjoy nearby Green Lake Park, just minutes away, offering year-round recreation including walking trails, cycling paths, sports fields, and water activities. The area also provides easy access to Ballard, Phinney Ridge, and Northgate, with the Northgate Link Light Rail Station less than 10 minutes away for seamless regional connectivity. Greenwood continues to see steady rental demand due to its central location, strong community amenities, and growing popularity among young professionals and families alike. With a blend of local character and urban accessibility, the neighborhood provides enduring appeal for both residents and investors.
207 N 104th Street is a well-positioned 9-unit apartment community located in the heart of Seattle’s Greenwood neighborhood. Built in 1977 and thoughtfully maintained over the years, the property offers residents spacious living in one of Seattle’s most desirable submarkets. The three-story, 10,808-square-foot wood-frame building sits on an 8,334-square-foot lot and features a mix of six 2-bedroom/1-bath units and three 3-bedroom/1-bath units. Units average nearly 1,000 square feet, providing tenants with above-market living space compared to many competing properties. Select apartments feature private laundry, fireplaces, and territorial or city views. Residents benefit from both covered and uncovered parking (12 stalls total), private balconies, and a secure entry system. Utilities are served by public water and sewer, with heating provided through electric wall systems. The property’s C1-55 (M) zoning creates excellent long-term redevelopment potential, while its current use supports strong occupancy and consistent rental demand. With proximity to local restaurants, retail, transit, and major employment centers, this asset attracts a diverse tenant base seeking convenience, space, and neighborhood charm. Offering both immediate cash flow stability and future value-add potential, 207 N 104th Street stands out as a premier multifamily investment opportunity in North Seattle.
Location
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