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Listed by: Chris C. Nye (253) 460-1900 | MLS4owners.com (253) 460-1900
$1,216,800
Monthly Est:$6,056
9 Beds
3 Baths
3,380sqft
12317 35th Avenue NE, Seattle, WA 98125
$1,216,800
$6,056/moEst:
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Multi Family
Built in 1960
$-- HOA
5,258 sqft lot
$360/sq.ft
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.
- Houzeo last checked: 12 hours ago
- Listing updated: September 17, 2026 at 6:33 pm
- Source: Northwest Multiple Listing Service | MLS#: NWM2489986
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1960
HOA Fees
-
Finished Area
3,380 sqft
Lot Size
5,258 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2489986
MLS Status
Active
Days on Market
205
Cumulative Days on Market
180
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 9
Bathrooms: 3
Interior
Heating
Baseboard
Cooling
None
Sewer
Sewer Connected
Flooring
Vinyl, Vinyl Plank, Carpet
Exterior Features
See Remarks
Construction
Year Built
Year Built: 1960
Home type
Multi Family
Roof
Built Up
Foundation Details
Poured Concrete
Property Condition
Updated/remodeled
Construction Materials
See Remarks
Utilities & Energy
Water Source
Public
Other Features
Lot Features
Alley, Paved
Subdivision Name
Meadowbrook
Price History
| Date | Event | Price |
|---|---|---|
04/25/2026 Source: | Listed for Sale | $1,216,800 +15.89% $360/sqft |
06/12/2019 Source: | Price Increased | $1,050,000 +31.25% $311/sqft |
06/22/2018 Source: | Sold | $800,000 $237/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 01, 2026, 02:47PM. 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.
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