12317 35th Avenue NE, Seattle, WA 98125
- $1,216,800
- 3,380
- SqFt
Courtesy of MLS4owners.com
- List Price
- $1,216,800
- Status
- ACTIVE
- Days on Market
- 114
- MLS#
- 2489986
- Subtype
- Residential Income
- Style
- 53 - Tri-plex
- Year Built
- 1960
- Living Area
- 3,380
- Lot Size
- 5,258
- Acres
- 0.12
- Subdivision
- Meadowbrook
- Neighborhood
- Meadowbrook
- MLS Area Major
- North Seattle
Property Description
Investor-Ready Cash-Flowing Triplex in Meadowbrook’s LR3(M) Growth Zone Fully stabilized 1960 triplex in northeast Seattle’s Meadowbrook neighborhood. Each of the three identical 3-bed/1-bath units is 1,100 SF and leased through 2026-2028. Tenants pay all utilities (electric directly; sewer/water/garbage via RUBS). Each unit has separate laundry, and the property includes seven off-street parking spaces. Capital Improvements (2019–2026): New SquareD panels, GFCI bath/kitchen upgrades, dedicated appliance/bath circuits, targeted heater replacements, PEX refit in Apts. A/C, bathtub re-plumbing, new toilets, new water heaters, new carpet/vinyl flooring, newer kitchen/bath cabinets, appliances, window coverings, interior paint, redirected drainage, and vinyl windows. Deferred maintenance addressed; capex schedule available. Location & Zoning Upside: Meadowbrook (98125) offers residential character and LR3(M) density upside. Rapid bus lines are within a 5-minute walk, Northgate light rail is about a 10-minute drive, and the Burke-Gilman Trail is nearby. Lake City Way adds nearby retail and dining convenience. Target Buyer: Small investor seeking stable cash flow or portfolio buyer consolidating LR3(M)-zoned assets. Clean title, clean books, clean systems. Boundary survey completed in 2018, adding due diligence value.
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Additional Information
- Exterior Features
- See Remarks
- Property Description
- 53 - Tri-plex
- Flooring
- Vinyl, Vinyl Plank, Carpet
- Heating
- Baseboard
- Air Conditioning
- None
- Roof
- Built-Up
- School District
- Seattle
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