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201 N 101st Street, Seattle, WA, 98133

2beds
2baths
1,150sqft
$595,000
$517price/sqft
$3,804/moest. monthly cost
$152,160/yrincome needed

About This Home

Rare opportunity to acquire an income-producing redevelopment property in one of Seattle's most sought-after neighborhoods. Positioned on a flat 5,449 SF lot with NR3 zoning allowing the potential for up to four residential units, this Greenwood property combines immediate rental income with exceptional long-term upside at an accessible price point. The existing single-family home is currently configured with separately rented upper and lower living spaces, generating $2,800/month in rental income while you pursue design, permitting, and redevelopment. Unlike a typical redevelopment site, this property provides income during the entitlement process, helping offset carrying costs while preserving multiple investment strategies. Just off Greenwood Ave with a Walk Score of 81, the property is steps from restaurants, parks, and everyday conveniences. Enjoy quick access to Hwy 99, I-5, Northgate Link Light Rail, RapidRide, and downtown Seattle. Per neighbors, future development may capture Olympic Mountain views, enhancing value. Whether you're planning your first redevelopment project or adding to an established portfolio, opportunities that combine immediate income, development flexibility, and a premier North Seattle location are increasingly difficult to find.

Getting Around

81
WalkingVery Walkable
57
TransitGood Transit
70
BikeVery Bikeable

Schools

7/10
8/10
Whitman Middle SchoolGrades 6-81.0 mi
8/10
Ingraham High SchoolGrades 9-121.9 mi

Construction

Condition

  • Year built: 1926

Materials

  • Foundation: Poured Concrete
  • Roof: Composition
  • Construction materials: Wood Siding

Notable Dates

  • Major remodel year: 1926

Type & Style

  • Home type: SingleFamily
  • Architectural style: 1 1/2 Stry w/Bsmt
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Microwave,Refrigerator,Stove(s)/Range(s),Washer,Dishwasher(s),Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Washer(s),Water Heater: Electric,Water Heater Location: Basement

Basement

  • Has basement: Yes
  • Basement: Finished

Bathroom Full

  • Level: Lower

Bathroom Full

  • Level: Main

Bedroom

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bathrooms: 1
  • Main level bedrooms: 2

Entry Hall

  • Level: Main

Features

  • Flooring: Vinyl,Carpet

Heating & Cooling

  • Heating features: Ductless,Electric
  • Cooling features: Ductless

Interior Area

  • Total structure area: 1,150
  • Total interior livable area: 1,150 sqft

Kitchen Without Eating Space

  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Level: Main

Property

Details

  • Parcel number: 6170900025
  • Special condition: Standard

Features

  • Levels: One and One Half
  • Stories: 1
  • Entry location: Main
  • Patio & porch: Water Heater
  • Topography of land: Level

Lot

  • Lot size: 5,449 sqft
  • Features: Curbs,Paved,Cable TV,Fenced-Partially,Gas Available

Parking

  • Parking features: Driveway,Off Street

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Earthquake
Heat Wave

FEMA Declared Disasters in King County and Washington

Fire
Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,008$36,096
Home Insurance *$104$1,248
Property Taxes $543$6,516
Electricity $149$1,793
Total$3,804$45,648
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$130,422/yr
40% on housing$114,120/yr
45% on housing$101,440/yr

Washington FAIR Plan Programs

Washington FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 306Commercial: 55
Total Premiums$858,000
Total Exposure$176.33M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.9%
8.9%
0%30.0%
Electricity Growth Rate10-year average: 3.0%
3.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.7%
1.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$517This listing

vs Other Active Listings

Avg $/sqft

ZIP 98133$312
King County$442

vs Homes Sold Last Month

Median $/sqft

ZIP 98133$467
King County$485

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-08-07Pending sale$595,000
2026-07-30Listed for sale$595,000
2024-08-06Listing removed--
2024-08-01Price change$1,795
2024-06-04Price change$1,995
2024-05-23Listed for rent$2,195
2021-10-15Listing removed--
2021-09-29Listed for rent$1,795
2019-09-13Listing removed$1,795
2019-08-30Price change$1,795
2019-08-29Listed for rent$1,695
2018-08-29Listing removed$1,795
2018-07-30Price change$1,795
2018-07-18Price change$1,995
2018-06-12Price change$2,195
2018-05-30Listed for rent$2,395
2001-07-13Sold$174,000

For Sale by Agent

AgentAshley Abrams
BrokerageReal Broker LLC

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