Top Real Estate Investment Areas in North Seattle, WA

 

North Seattle offers a mix of established communities and emerging neighborhoods, making it an appealing place for real estate investment. The area is known for its scenic surroundings, excellent transit access, and proximity to the city’s most dynamic job markets. Investors are drawn here for its balance of stability and growth. Whether you're interested in long-term rental income, future resale value, or simply expanding your portfolio with quality properties, North Seattle presents a range of promising options.

Let’s take a closer look at some of the best places to invest in North Seattle, WA, based on current trends and overall real estate potential.

Greenwood sits just north of Phinney Ridge and has grown into one of North Seattle’s most sought-after neighborhoods. This community blends older craftsman homes with newer townhomes and low-rise condos, offering options for a variety of investors. Greenwood’s walkable business district is packed with independent restaurants, bakeries, and cafes. It also has a strong sense of community, supported by local events like the Greenwood Car Show and monthly art walks.

For real estate investors, Greenwood provides steady rental demand due to its close proximity to downtown Seattle and Northgate. Its combination of charm and convenience gives it lasting appeal, particularly for young professionals and small families who want easy access to city life without the downtown price tag.

Northgate has been undergoing major redevelopment, especially since the introduction of the Northgate Link light rail station. The area’s transformation includes a pedestrian-friendly layout, updated infrastructure, and the new Kraken Community Iceplex, which has brought more attention to the neighborhood.

This area is one of the best places to invest in North Seattle, WA, for those looking for appreciation potential. New housing developments continue to rise, and the Link light rail provides quick access to downtown and the University District. With Amazon, UW Medicine, and other employers within reach, Northgate has quickly become an attractive option for both renters and homebuyers. Investors seeking condos, multi-family properties, or townhomes should watch this neighborhood closely.

Bitter Lake may not be as well-known as other Seattle neighborhoods, but its location and affordability make it a smart choice for long-term investment. This quiet area offers a peaceful setting near the lake itself, along with easy access to Aurora Avenue and Interstate 5.

Real estate here includes single-family homes, older condos, and pockets of new construction. Bitter Lake is especially appealing to buyers and renters looking for a bit more space without venturing too far from the city. Developers have started to take notice, and as the area continues to evolve, early investors may benefit from future price growth.

Tucked between Northgate and Green Lake, Licton Springs has often been overlooked, but that’s starting to change. The neighborhood is predominantly residential, with tree-lined streets and a mix of mid-century homes and newer construction. The addition of the light rail nearby has increased its accessibility and value.

Because Licton Springs borders key commercial and transportation corridors, investors can find properties that are well-positioned for long-term success. This neighborhood may appeal to investors interested in single-family rentals or buying to renovate and hold. Its understated character makes it a hidden gem with steady appreciation potential.

Maple Leaf continues to be one of the most consistent performers in North Seattle. Known for its residential streets and strong local identity, it attracts buyers and renters looking for homes in a quiet setting close to schools and parks. The area features mostly single-family homes, with some townhomes and condos near the outer edges.

While home prices in Maple Leaf have remained steady, the area still offers opportunities for value-driven investors. Its proximity to Green Lake, Northgate, and the Roosevelt light rail station helps support long-term property values. Investors focused on low-turnover tenants and strong occupancy may find this to be one of the best places to invest in North Seattle, WA.

Haller Lake is a small and somewhat hidden neighborhood that often flies under the radar. However, it offers a combination of lakefront living, access to major roads, and affordability compared to nearby areas. The housing stock is varied, with single-story homes, townhomes, and larger lots that may appeal to developers.

This neighborhood’s biggest draw is its location. It sits near Northgate, Bitter Lake, and the northern city limits, making it easy to get around. As the city continues to push for more infill development, areas like Haller Lake will likely attract more interest from both buyers and investors.

Roosevelt is located just south of Northgate and has become a major transit hub thanks to its Link light rail station. This change has made the neighborhood more accessible and more desirable, especially for renters who commute to the University of Washington or downtown Seattle.

The housing options in Roosevelt are diverse, ranging from apartments and condos to restored craftsman homes. Investors interested in rental properties will find the demand strong and consistent. With its walkable streets, grocery stores, and access to green spaces like Cowen Park, Roosevelt is a strategic location with enduring appeal.

Broadview offers something not all Seattle neighborhoods can: larger lots and a true suburban feel. Located west of Greenwood and north of Crown Hill, Broadview is perched above Puget Sound with sweeping views in some parts. The housing market includes mid-century homes, split-levels, and luxury rebuilds.

What makes Broadview appealing to investors is its quiet setting paired with access to Seattle’s core neighborhoods. Homebuyers seeking space and privacy look here, while developers occasionally find opportunities to build custom homes. For long-term investment, especially in the single-family market, Broadview presents solid potential.

North Seattle continues to attract a wide range of homebuyers, renters, and developers. Transit expansion, new construction, and community investment have added momentum to this part of the city. The best places to invest in North Seattle, WA, include a mix of already established neighborhoods and those still emerging.

Whether you're investing in a turn-key rental near a transit stop or looking for a home with renovation potential, North Seattle offers flexibility. Neighborhoods like Greenwood and Maple Leaf deliver stability, while areas like Northgate and Bitter Lake offer room to grow.

Navigating North Seattle’s real estate market takes local insight, a clear understanding of neighborhood trends, and the ability to identify the right opportunities at the right time. Whether you're a first-time investor or looking to expand your portfolio, working with a trusted professional can make all the difference.

Mel Parsons brings a deep understanding of North Seattle’s housing landscape and a commitment to helping clients succeed. From property analysis to negotiations, Mel provides the tools and guidance needed to invest confidently. Reach out to Mel today to take the next step toward finding the right property in one of North Seattle’s most promising neighborhoods.