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Listed by: Dea Sumantri (206) 773-2680 , Candice Chevaillier (206) 773-2696 | Lee & Associates Commercial RE (206) 773-2696
$1,800,000
Monthly Est:$8,959
12 Beds
10 Baths
--sqft
8848 Stone Ave N, Seattle, WA 98103
$1,800,000
$8,959/moEst:
Get Pre-Approved
Multi Family
Built in 1988
$-- HOA
6,150 sqft lot
--/sqft
Description
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 owner 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.
- Houzeo last checked: 12 hours ago
- Listing updated: September 21, 2026 at 4:38 pm
- Source: Northwest Multiple Listing Service | MLS#: NWM2533806
Property Details
Status
Active
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
Year Built
1988
HOA Fees
-
Finished Area
- sqft
Lot Size
6,150 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2533806
MLS Status
Active
Days on Market
123
Cumulative Days on Market
122
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 12
Bathrooms: 10
Interior
Flooring
Vinyl, Carpet
Exterior Features
Metal/vinyl
Sewer
Sewer Connected
Heating
Baseboard
Cooling
None
Construction
Year Built
Year Built: 1988
Home type
Multi Family
Roof
Torch Down
Property Condition
Very Good
Foundation Details
Poured Concrete
Construction Materials
Metal/vinyl
Utilities & Energy
Security Features
Partially Fenced
Other Features
Lot Features
Curbs, Paved, Sidewalk
Subdivision Name
Licton Springs
Price History
| Date | Event | Price |
|---|---|---|
06/02/2026 Source: | Listed for Sale | $1,800,000 $0/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 02, 2026, 09:01AM. 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.
Advertising Broker: Christy Lee-Naumann (267) 341-8337 | Houzeo Brokerage LLC