Active

MLS: #NWM2555010, Listed By: Michael Urquhart, Paragon Real Estate Advisors, Source:NWMLS - Northwest Multiple Listing Service

712 N 143rd Street

Seattle, WA 98133
Mark as Favorite
Bed 0

Bed

Bath 0

Bath

SqFt10,280

Sqft

Acres0.23

Acre(Lot)

The property sits in one of North Seattle’s fastest-improving rental corridors. The location is further supported by Sound Transit’s new Shoreline South/148th light rail station and direct bus access to downtown Seattle. The offering represents an operational value-add opportunity. The asset is in good physical condition, bolstered by recent capital improvements including a new TPO membrane roof (2023), upgraded electrical panels (2024), and replaced window panes (2025). With the option to upgrade units on turnover and capture premium rents as leases roll, and with scheduled rents below market and no utility bill-back currently in place, a new ownership group can grow income through natural lease turnover, selective unit upgrades, and the implementation of a utility recapture program, mean ingfully lifting NOI. At market operations, the offering achieves a 7.4% cap rate and a 9.7% cash-on-cash return, giving new ownership strong performance upside as rents are brought up to market. At just $238 per square foot and $175,000 per door, the property presents an exceptional basis for a 1980s-built asset, well below recent comparable sales in the area. Current in-place rents average $1,205 for the eleven one-bedroom units and $1,617 for the three two-bedroom units, while comparable properties in the area are achieving approximately $1,550 and $1,875.

Read More Expand

Detail Ic Property Details

Property Type : Residential Income

Price : $2,450,000

AD Id : 88078492

MLS Id : NWM2555010

Lot Size : 0.23 Acre

Living Area Size : 10,280

Year Built : 1983

County : King

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Interior Features

    Roof: Composition, Flat

    Roofing Information

    Composition, Flat
  • Flooring Information

    Flooring: Laminate, Carpet Construction Materials: See Remarks
  • Heating & Cooling

    Heating: Wall Furnace Has Heating: Yes Cooling: None WaterSource: Public

  • Building Information

    Year Built: 1983
  • Exterior Features

    See Remarks Construction Materials: See Remarks Foundation Details: Poured Concrete

  • Lot Information

    Lot Square Feet: 9962 Lot Acres: 0.2287

    Property Information

    Property Type: Residential Income Sub Type: Multi Family Structure Type: Multi Family

  • Listing Price Information

    Original List Price:$2450000

  • Tax Information

    Annual Tax: $30563 Tax Year: 2026 Parcel Number: 1926049283

  • Parking Information

    Total Parking: 11

  • Utility Information

    Sewer: Available Water Source: Public
  • Location Information

    Subdivision: Parkwood City: Seattle Direction: Head onto I-5 N. Take exit 175. Merge onto 5th Ave NE. Take 3rd exit onto NE 145th. Continue straight onto NE 145th. Turn left onto Linden Ave N. Turn right onto N 143rd St. Destination on the right.
Sell a home like this and save $146,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
529 N 103rd Street, Seattle, WA, 98133 $600,000 -- -- 1,620 1,620 SqFt
Broker Logo

Disclaimer: The information being provided courtesy of NWMLS - Northwest Multiple Listing Service as distributed by MLS GRID and is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the NWMLS - Northwest Multiple Listing Service. ByOwner.com is not a Multiple Listing Service (MLS), nor does it offer MLS access. ByOwner.com is a broker participant of NWMLS - Northwest Multiple Listing Service. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.

Based on information submitted to the MLS GRID as of 07/18/2026 @ 06:20. 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.
Properties displayed may be listed or sold by various participants in the MLS.

Consumer use of IDX Listings Disclaimer: Based on information submitted to the MLS GRID as of 07/18/2026 @ 06:20. All data is obtained from various sources and may not have been verified by 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. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.


DMCA Notice: The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
“The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.


DMCA Notice

ByOwner last updated this listing 07/18/2026 @ 06:20

MLS: NWMLS #2555010 LISTED BY: Michael Urquhart, Paragon Real Estate Advisors 206-623-8880 SOURCE: NWMLS - Northwest Multiple Listing Service (Listings courtesy of NWMLS - Northwest Multiple Listing Service as distributed by MLS GRID)

Homes around $2,450,000

Selling? Save $146,501 when you sell a home like this

Tour with a ByOwner Agent