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8848 Stone Avenue

Seattle, WA 98103
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$1,800,000 Check your credit
Bed 0

Bed

Bath 0

Bath

Acres0.14

Acre(Lot)

We are pleased to present 8848 Stone Ave N, a pride-of-ownership 10-unit apartment community in Seattle’s North Green Lake neighborhood. Built in 1988, the building offers a well-balanced unit mix of 2 studios, 4 one-bedrooms, and 4 two-bedrooms — spacious floor plans filled with natural light and equipped with in-unit laundry throughout. Durable building systems include copper plumbing, a Siemens electric panel, and a 2021 roof replacement, delivering a new owner a clean operational foundation with minimal deferred maintenance. A secured entry system and fully fenced rear parking lot with 10 assigned spaces complete a resident experience that is low-friction and well managed. In-place rents currently sit approximately 15% below market, presenting an immediate opportunity for a new o wner to close that gap through disciplined lease management alone. For investors with a light renovation appetite, the one-bedroom and two-bedroom units present the most compelling upside — rehabbed rents on those unit types are projected to achieve premiums of 21% and 32% respectively above current in-place rents, a return profile that meaningfully repositions the asset’s income and long-term value.

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Detail Ic Property Details

Property Type : Homes

Price : $1,800,000

AD Id : 79854283

MLS Id : NWM2533806

Lot Size : 0.14 sq ft lot

Year Built : 1988

County : King

Subdivision: Toby S Acres

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Feature Features

  • Interior Features

    Roof: Torch Down

    Roofing Information

    Torch Down
  • Flooring Information

    Flooring: Vinyl, Carpet Construction Materials: Metal/Vinyl
  • Heating & Cooling

    Heating: Baseboard Has Heating: Yes Cooling: None

  • Building Information

    Year Built: 1988
  • Exterior Features

    Metal/Vinyl Construction Materials: Metal/Vinyl Foundation Details: Poured Concrete

  • Lot Information

    Lot Description: Curbs, Paved, Sidewalk Lot Square Feet: 6150 Lot Acres: 0.1412

    Property Information

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

  • Listing Price Information

    Original List Price:$1800000

  • Tax Information

    Annual Tax: $19251 Tax Year: 2026 Parcel Number: 0993000215

  • Utility Information

    Sewer: Sewer Connected
  • Location Information

    Subdivision: Licton Springs City: Seattle Direction: From N. 85th St. turn north on Stone Ave. N. to 8848 on the east side of the street.

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1131 N 93rd Street #3, Seattle, WA, 98103 $2,200 2 1 --
902 N 86th Street, Seattle, WA, 98103 $5,000 3 3 1,617 1,617 SqFt
910 N 74th Street, Seattle, WA, 98103 $4,500 3 2.5 1,500 1,500 SqFt
5523 Woodlawn Avenue, Seattle, WA, 98103 $2,950 2 1 930 930 SqFt
2309 N Northlake Way #16, Seattle, WA, 98103 $4,250 -- -- 990 990 SqFt
421 N 63rd Street, Seattle, WA, 98103 $10,450 5 3.5 4,200 4,200 SqFt
1006 N 43rd Street #201, Seattle, WA, 98103 $2,400 2 1 780 780 SqFt
4812 Linden Avenue, Seattle, WA, 98103 $3,850 3 2 1,370 1,370 SqFt
4212 Aurora Avenue, Seattle, WA, 98103 $2,200 -- 1.5 1,070 1,070 SqFt
4425 Fremont Avenue #B, Seattle, WA, 98103 $5,250 3 3 1,420 1,420 SqFt
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ByOwner last updated this listing 06/30/2026 @ 18:20

MLS: NWMLS #2533806 LISTED BY: Dea Sumantri, Lee & Associates Commercial RE 206-773-2696 SOURCE: NWMLS - Northwest Multiple Listing Service (Listings courtesy of NWMLS - Northwest Multiple Listing Service as distributed by MLS GRID)

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