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Listed by: Grant Fosheim (425) 359-7259 | Opal Blue Real Estate, LLC (425) 510-6162
$1,450,000
Monthly Est:$7,217
10 Beds
6 Baths
4,360sqft
2108 NE 85th Street, Seattle, WA 98115
$1,450,000
$7,217/moEst:
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Multi Family
Built in 1970
$-- HOA
7,127 sqft lot
$333/sq.ft
Description
Six-unit apartment building in Seattle’s Wedgwood neighborhood, well managed with zero vacancies and zero delinquencies. All paperwork is in order, with pre-screened tenants, move-in reports, healthy security deposits and last month’s rent on file. Five of the six units have been renovated with new LVP, fresh paint and updated electrical packages, and three of those five also have remodeled kitchens and bathrooms. Major system updates include new electrical panels (2025), main sewer line replaced (2022), double-pane vinyl windows throughout (2025) and newer hot water tanks (2023). The heavy lifting is complete, allowing a new owner to take over operations with ease. The mix is two 1BD/1BA units (approx. 580 sf) and four 2BD/1BA units (approx. 800 sf) on a 7,841 sf lot. A large basement provides shared laundry and four storage units, and six off-street parking spaces offer additional income potential. The property is surrounded by new construction, reflecting continued investment in the area. Located in an established Northeast Seattle neighborhood near Green Lake, Seattle Children’s Hospital, the University of Washington, I-5 and the Roosevelt light rail station. Solid in-place rents produce a 5.74% cap rate today. By finishing renovations as units turn over and adding in-unit washers and dryers to the 2BD units, a new owner has a clear path to a 7.13% cap rate at market rents.
- Houzeo last checked: 11 minutes ago
- Listing updated: October 13, 2026 at 6:13 pm
- Source: Northwest Multiple Listing Service | MLS#: NWM2593779
Property Details
Status
Active
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
Year Built
1970
HOA Fees
-
Finished Area
4,360 sqft
Lot Size
7,127 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2593779
MLS Status
Active
Days on Market
7
Cumulative Days on Market
6
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 10
Bathrooms: 6
Interior
Heating
Baseboard
Cooling
None
Exterior Features
Wood Products
Sewer
Sewer Connected
Flooring
Laminate, Vinyl, Vinyl Plank, Carpet
Construction
Year Built
Year Built: 1970
Home type
Multi Family
Foundation Details
Poured Concrete
Roof
Built Up
Construction Materials
Wood
Property Condition
Good
Utilities & Energy
Security Features
Partially Fenced
Water Source
Public
Other Features
Subdivision Name
Wedgwood
Price History
| Date | Event | Price |
|---|---|---|
10/13/2026 Source: | Listed for Sale | $1,450,000 +18.37% $333/sqft |
03/24/2017 Source: | Sold | $1,225,000 $281/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 20, 2026, 02:32PM. 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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