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7100 Greenwood Ave N
Seattle, WA 98103
Greentree Apartments · Multifamily Property For Sale · 37 Units

Investment Highlights

  • Built as condominiums with each individual tax parcels already established
  • Top floor penthouse unit with a private rooftop deck offering unobstructed views of Green Lake.
  • Fully leased ground floor retail with an average of 4.5 years of remaining lease term.
  • Excellent mix of studio, one and one bedroom with dens, averaging 697 square feet.
  • 30 Off street gated garage parking spaces.

Executive Summary

The Morse Multifamily Group is pleased to present Greentree Apartments, an exceptional mixed-use investment opportunity located at 7100 Greenwood Avenue N in Seattle’s Phinney Ridge neighborhood. The property offers investors a rare chance to acquire a legacy asset being brought to market for the ?rst time since its original development. Built as condominiums in 1990 with individual tax parcels already established, the property re?ects a higher standard of construction quality and long-term durability. With the condo mapping already completed, Greentree offers multiple exit strategies typically unavailable in traditional apartment buildings.
The asset features an outstanding unit mix of studios, one-bedroom, and one-bedroom plus den apartments, thoughtfully designed to attract a broad tenant base. Highlighting the residential offering is a coveted top-?oor penthouse unit complete with a private rooftop deck, delivering unobstructed views of Green Lake and creating a premium rental opportunity. Complementing the residential component, the ground-?oor retail is fully leased to two established, service-oriented tenants—BabyFace Spa and KAnder Salon—providing consistent income with an average remaining lease term of approximately 4.5 years.
Tenant appeal is further enhanced by practical amenities including 30 off-street garage parking spaces and in-unit washer and dryer hookups in each apartment home. Please contact Jake Morse for additional information.

Property Facts

Price Per Unit $488,718 CAD
Sale Type Investment
Cap Rate 5.20%
No. Units 37
Property Type
Multifamily
  • General Retail Storefront Retail/Residential
  • Multifamily Apartments
Lot Size 0.28 AC
Building Size 43,035 SF
Average Occupancy 100%
No. Stories 4
Year Built 1990
Parking Ratio 0.7/1,000 SF
Zoning NC2-55 (M)

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 2 $2,124 CAD 400
1+1 35 $2,735 CAD 721
  • Listing ID: 40193477

  • Date on Market: 2026-04-17

  • Last Updated:

  • Address: 7100 Greenwood Ave N, Seattle, WA 98103

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