3055 NE 140th Street, Seattle, WA 98125

Seattle
Local realty services provided by:Better Homes and Gardens Real Estate Pacific Commons
Listed by: grant fosheim
Office: opal blue real estate, llc.425-510-6162
MLS#:2596136
Source:NWMLS
3055 NE 140th Street,Seattle, WA 98125
$2,150,000
  • - Beds
  • - Baths
  • 8,711 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$2,150,000
  • Price per sq. ft.:$246.81

About this home

Turnkey 10-unit Marella Apartments in Seattle’s Lake City neighborhood. All major capital projects are complete: fully re-sided with exterior paint, new roof and new windows (2023), new electrical panels (2025) and a new sewer line (2025-26), with updated common areas. Seven of ten units are renovated, leaving only three to turn. Professionally managed with zero vacancies and zero delinquencies, and all paperwork is in order: move-in reports, security deposits and last month’s rent on file. Eight 1BD/1BA (approx. 675 sf) and two 2BD/1BA (approx. 850 sf) units, plus 14 off-street parking spaces. Built 1968, effective year built 1992 per tax records, on an 8,480 sf lot. Large walk-in closets next to each hot water tank make adding in-unit washers and dryers easy. Close to Lake City Way shops, services and transit, with Stride bus rapid transit coming in 2028. 5.76% cap rate on in-place rents, 6.85% at market.

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Home facts

  • Year built:1968
  • Subdivision & Development:Lake City
  • Listing ID #:2596136
  • Updated:November 09, 2026 at 01:35 AM

Rooms and interior

  • Flooring:Carpet, Laminate, Vinyl Plank
  • Living area:8,711 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Flat Roof
  • Year built:1968
  • Building area:8,711 sq. ft.
  • Lot area:0.19 Acres
  • Lot Features:Corner, Paved, Sidewalk
  • Construction Materials:Wood Products Exterior Finish

Schools

  • High school:Buyer To Verify
  • Middle school:Buyer To Verify
  • Elementary school:Buyer To Verify

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$2,150,000
  • Price per sq. ft.:$246.81
  • Tax amount:$17,226 (2026)

Parking

  • Total parking spaces:14
  • Carport spaces:7
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