Pacific Crest Real Estate is pleased to be the exclusive listing agent for Oak Springs Suites. Oak Springs Suites is an 7-unit + office apartment community located at 709 N 95th St in Seattle's Greenwood neighborhood and is located just blocks from the Greenwood Ave N retail corridor and minutes from Green Lake, Phinney Ridge, and North Seattle College. Built in 1990, the property offers a diversified unit mix of studio, one-, two-, and three-bedroom homes with meaningful in-place rental upside. With rents trailing market 10%, and room for further rent growth through capital improvements, Oak Springs Suites presents a clear value-add opportunity for a new investor to drive NOI through lease-up of below-market units, a light capital improvement program, and ongoing operational stabilization.
Oak Springs Suites is a 7-unit + Office multifamily residential building built in 1990, situated on a 6,325-square-foot lot in Seattle's Greenwood neighborhood. The property features a diverse mix of floor plans ranging from 120 (office) to 1,300 square feet, including studios, onebedroom/one-baths, a two-bedroom/twobath, and three-bedroom/three-bath unit designed to appeal to a broad tenant base. Units offer private balconies with views overlooking the property's landscaped grounds, and the building is served by ground level enclosed garage providing convenient covered parking. The 1990s-era construction provides a solid, established building with reliable systems, and the property is fully operational with all eight units available for lease.
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