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Listings/Village Green Apartments + Development Opportunity

Village Green Apartments + Development Opportunity

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SOLD $7,070,000

Please visit our Listings page to view apartment buildings and development land currently available for purchase.

Development Potential

Massing Options
28 - 163 units
Parcel No.
717480-0820
Land Area
21,713 SF / 0.50 Acres
Frontage
24th Ave NE
Zoning
LR3 (M)
Parking
No required parking
Height Limit
50 FT

Existing Apartments

No. of Units
18
No. of Buildings
2
Year Built
1957 / 1959
NRSF
13,426 SF
Laundry
Common
Parking
14 stalls

Investment Opportunity

Development Potential

Existing Income

Location & Accessibility

Location

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Village Green Apartments + Development Opportunity

5107-5115 24th Ave NE
Seattle, WA 98105
Units: 163 (Massing)
Price: $7,070,000

Location Overview

The University District is experiencing a renaissance: the University of Washington’s exponential growth over the past decade — particularly in the engineering, computer science, and life sciences fields — attracts top minds to the University and to the area.

The neighborhood is reaping the benefits of the University’s growth. Recently approved upzoning will increase density in the area, while a new light rail station will cut commutes in half. The neighborhood has long been a beloved haunt for students in search of books, coffee, and food, but in the next five to ten years it will continue evolving into the city’s next tech hot spot.

1 Minute Walk

to Burke Gilman Trail

3 Minute Bike Ride

to the University of Washington

5 Minute Walk

to the University Village shopping center

6 Minute Bike Ride

to the University of Washington light rail station

11 Minute Bike Ride

to "The Ave" commercial district

Contact Us

Exclusive Listing Brokers

Direct: 425.736.5516

       
       

Direct: 206.414.8575