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Listed by: Jonathan D. Bye (206) 400-7586 | John L. Scott, Inc (253) 852-9200
$1,425,000
Monthly Est:$7,093
11 Beds
7 Baths
4,350sqft
12340 Sand Point Way NE, Seattle, WA 98125
$1,425,000
$7,093/moEst:
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Multi Family
Built in 1930
$-- HOA
5,633 sqft lot
$328/sq.ft
Description
Sandpoint Way Apartments is a well-maintained multifamily community in Seattle's desirable Sandpoint neighborhood, offering a diverse mix of one-, two-, and three-bedroom residences averaging approximately 821 square feet. Larger-than-average unit sizes provide broad appeal to healthcare workers while supporting strong tenant retention and leasing performance. Many residences enjoy premium Lake Washington views, enhancing the property's appeal and supporting rental premiums. The community is ideally located approximately one-half mile from the Burke-Gilman Trail and less than two miles from Matthews Beach Park, Seattle's largest freshwater swimming beach. Ownership has completed significant capital improvements, including a roof replacement within the last six years, Cutler-Hammer electrical panels, and primarily copper plumbing throughout, reducing near-term capital needs and supporting operational stability. The property is also conveniently located near major employment and institutional drivers, including the University of Washington, Seattle Children's Hospital, and the growing Magnuson Park corridor. The combination of desirable views, spacious units, recent improvements, and strong Northeast Seattle fundamentals makes Sandpoint Way Apartments a compelling multifamily investment opportunity.
- Houzeo last checked: 12 hours ago
- Listing updated: September 23, 2026 at 1:39 am
- Source: Northwest Multiple Listing Service | MLS#: NWM2567375
Property Details
Status
Active
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
Year Built
1930
HOA Fees
-
Finished Area
4,350 sqft
Lot Size
5,633 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2567375
MLS Status
Active
Days on Market
51
Cumulative Days on Market
51
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 11
Bathrooms: 7
Interior
Exterior Features
Metal/vinyl
Sewer
Sewer Connected
Heating
Baseboard
Cooling
None
Construction
Year Built
Year Built: 1930
Home type
Multi Family
Roof
Composition
Construction Materials
Metal/vinyl
Other Features
Lot Features
Paved
Subdivision Name
Matthews Beach
Price History
| Date | Event | Price |
|---|---|---|
08/11/2026 Source: | Listed for Sale | $1,425,000 +63.79% $328/sqft |
06/04/2007 Source: | Sold | $870,000 $200/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.
IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that 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. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
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