MLS: #NWM2546321, Listed By: TC Wu, WPI Real Estate Services, Inc., Source:NWMLS - Northwest Multiple Listing Service
12741 NE 35th Avenue
Seattle, WA 98125
0
Bed
0
Bath
6,351Sqft
0.16Acre(Lot)
WPI Real Estate is pleased to present 12741 35th Ave NE, an 8-unit apartment building in the heart of North Seattle. Reconstructed in 1995, keeping only the foundation and frame, the building totals 6,351 gross square feet and comprises 5 two-bedroom and 3 one-bedroom units across approximately 5,515 rentable square feet, set on a 7,121SF corner lot zoned Lowrise 2 (M). The property is offered at an actual cap rate of 5.39%, with attractive owner financing available: 50% down @ 5% fixed interest, amortized over 360 months on a 5-year term. It delivers a stabilized income stream today, with clear upside through utility pass-through/RUBS implementation, adding additional units (buyer to verify) or updates as units turn. The building offers a desirable unit mix with functional layouts app
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Interior Features
Roof: CompositionRoofing Information
Composition -
Flooring Information
Construction Materials: Cement Plank -
Heating & Cooling
Heating: Forced Air, Radiant, Wall Furnace Has Heating: Yes Cooling: None
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Building Information
Year Built: 1995 -
Exterior Features
Cement Planked Construction Materials: Cement Plank
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Lot Information
Lot Description: Corner Lot, Sidewalk Lot Square Feet: 7121 Lot Acres: 0.1635Property Information
Property Type: Residential Income Sub Type: Multi Family Structure Type: Multi Family
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Listing Price Information
Original List Price:$1850000
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Tax Information
Annual Tax: $14654 Tax Year: 2026 Parcel Number: 1453600842
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Parking Information
Total Parking: 10
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Utility Information
Sewer: Sewer Connected -
Location Information
Subdivision: Seattle City: Seattle Direction: From Hwy 522, turn right onto 120th and left onto 35th.
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 12317 35th Avenue, Seattle, WA, 98125 | $1,216,800 | -- | -- | 3,380 | 3,380 SqFt |
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Nearby For Sale
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Based on information submitted to the MLS GRID as of 06/29/2026 @ 18:20. All data is obtained from various sources and may not have been verified by the 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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ByOwner last updated this listing 06/29/2026 @ 18:20
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