12317 35th Avenue Ne, Seattle, WA 98125
Local realty services provided by:Better Homes and Gardens Real Estate Gary Mann Realty
Listed by: chris c. nye
Office: mls4owners.com
MLS#:2489986
Source:NWMLS
12317 35th Avenue Ne,Seattle, WA 98125
$1,216,800
- - Beds
- - Baths
- 3,380 sq. ft.
- Multi-family
- Active
Price summary
- Price:$1,216,800
- Price per sq. ft.:$360
About this home
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....
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Home facts
- Year built:1960
- Listing ID #:2489986
- Updated:June 10, 2026 at 11:01 AM
Rooms and interior
- Flooring:Carpet, Vinyl Floor, Vinyl Plank
- Living area:3,380 sq. ft.
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Roof:Built Up
- Year built:1960
- Building area:3,380 sq. ft.
- Lot area:0.12 Acres
- Lot Features:Alley, Paved
Utilities
- Water:Public
- Sewer:Sewer Connected
Finances and disclosures
- Price:$1,216,800
- Price per sq. ft.:$360
- Tax amount:$11,586 (2026)
Features and amenities
- Amenities:Cable TV, High Speed Internet
Parking
- Total parking spaces:6
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