Bitter Lake Homes with 42 - Multi-Family Style

Bitter Lake Homes with 42 - Multi-Family Style

Welcome to Bitter Lake, a vibrant and inviting neighborhood nestled in the heart of Seattle, Washington. Known for its lush landscapes and community-centric atmosphere, Bitter Lake offers a unique blend of urban convenience and suburban charm. This hidden gem is perfect for those seeking a peaceful retreat while still being just a stone's throw away from the bustling city life.

Bitter Lake is characterized by its diverse housing options, with a notable emphasis on multi-family homes. These residences not only accommodate families of varying sizes but also foster a sense of community among neighbors. With 42 multi-family style homes, this area is ideal for anyone looking to invest in a property that promotes both comfort and connection. Imagine living in a space where you can enjoy shared amenities, expansive green areas, and the camaraderie of fellow residents.

The neighborhood is well-equipped with essential services, schools, and parks, making it an excellent choice for families and individuals alike. The Bitter Lake Park, with its scenic walking trails and recreational facilities, serves as a perfect backdrop for weekend picnics and outdoor activities. Additionally, the proximity to major transportation routes ensures that residents can easily access the vibrant cultural and culinary scenes that Seattle is famous for.

Whether you’re looking to buy your first home, find a rental, or invest in a multi-family property, Bitter Lake is a community that welcomes you with open arms. Discover the charm of this Seattle neighborhood and experience the perfect blend of comfort, convenience, and community spirit.

Newest Bitter Lake Homes with 42 - Multi-Family Style

$1,478,000
2566364 MLS ⋅ ACTIVE Status
Exceptional development opportunity on a 13,440 SF lot in prime and highly connected North Seattle location. NC3-55 zoning may offer potential for a future multifamily development of approximately 60–80 units; buyer to verify all development feasibility. Conveniently located near Northgate Light Rail, transit, shopping, dining, major employers and daily amenities, with an 87 Walk Score. The current property includes two buildings (3-unit building and a 10-unit building) with a desirable mix of studio, one- and two-bedroom residences, offering multiple investment strategies for a total of 13-units. Continue operating as an income-producing apartment community, increase returns through rent optimization and strategic improvements, or hold as a long-term development site. Current gross scheduled income is approximately $14,288 per month, with additional upside as several rents remain below market. Most units have been updated. A compelling combination of current income, value-add potential and long-term redevelopment opportunity.

10531 Aurora Avenue N, Seattle

Listing courtesy of Real Property Associates.

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