11521 Greenwood Avenue N, Seattle, WA 98133

$2,225,000
8,395
SqFt

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Listing courtesy of Paragon Real Estate Advisors. Selling Office: Paragon Real Estate Advisors.

Sold Price
$2,225,000
List Price
$2,350,000
Status
SOLD
MLS#
2475321
Closing Date
Mar 27, 2026
Days on Market
25
Style
55 - 5-9 Units
Finished SqFt
8,395
Area Total SqFt
8395
Annual Tax Ammount
20401
Lot Size (sq ft)
8,004
Sewer
Sewer Connected

Property Description

The Puget Panorama offers seven spacious 2-bedroom/one-bath units and one luxury 1,300 square foot 3-bedroom/1.75-bath unit; all corner units facing Puget Sound. There are two units per floor, and 2 units have in-unit laundry and there are 3 common laundry rooms; essentially each unit has their own private laundry room. In addition, each unit has either a large patio with a yard or deck for the residents’ enjoyment, and many units have views of Puget Sound further enhancing the enjoyability of the living space. The Puget Panorama offers spacious, light-filled units with quality floor plans offering a ‘home environment’ vs an apartment experience. Puget Panorama is located in the growing and dynamic Greenwood neighborhood. Greenwood is nestled between Greenwood Avenue and Highway 99, offering a vibrant retail corridor which includes restaurants, cafes, nightlife, a Hardwood store that has everything, a grocery store, the best Trader’s Joe in the city, a library and the Taproot Theatre a local and cultural gem.

Additional Information

List Date
2026-03-02 00:00:00
Community
Broadview
Net Operating Income
$151,693
Gross Adjusted Income
$224,979
Gross Scheduled Income
$236,820
Total Monthly Income
$19,735
Insurance Expenses
$5,236
Water/Sewer/Garbage Expenses
$19,047
Gross Rent Multiplier
9.92
Total Expenses
$73,286
Cap Rate
6.5
Vacancy Rate
5
Total Number of Units
8
Unit Name
11521
Potential Terms
Cash, Conventional
Year Built
1965
Roof
Flat
Other Expenses
28602
Energy Source
Electric
School District
Seattle
Total Monthly Income
$19,735
Gross Scheduled Income
$236,820
Vacancy Rate
5
Gross Adjusted Income
$224,979
Tax Year
2025
Insurance Expense
$5,236
W/S/G Expenses
$19,047
Total Expenses
$73,286
Net Operating Income
$151,693
Gross Rent Multiplier
9.92
Cap Rate
6.5
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.
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