712 N 143rd Street, Seattle, WA 98133

Seattle
Local realty services provided by:Better Homes and Gardens Real Estate Pacific Commons
Listed by: michael urquhart, rowan davis
Office: paragon real estate advisors
MLS#:2555010
Source:NWMLS
712 N 143rd Street,Seattle, WA 98133
$2,450,000
  • - Beds
  • - Baths
  • 10,280 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$2,450,000
  • Price per sq. ft.:$238.33

About this home

The property sits in one of North Seattle’s fastest-improving rental corridors. The location is further supported by Sound Transit’s new Shoreline South/148th light rail station and direct bus access to downtown Seattle. The offering represents an operational value-add opportunity. The asset is in good physical condition, bolstered by recent capital improvements including a new TPO membrane roof (2023), upgraded electrical panels (2024), and replaced window panes (2025). With the option to upgrade units on turnover and capture premium rents as leases roll, and with scheduled rents below market and no utility bill-back currently in place, a new ownership group can grow income through natural lease turnover, selective unit upgrades, and the implementation of a utility recapture program, meaningfully lifting NOI. At market operations, the offering achieves a 7.4% cap rate and a 9.7% cash-on-cash return, giving new ownership strong performance upside as rents are brought up to market. At...

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Home facts

  • Year built:1983
  • Listing ID #:2555010
  • Updated:July 21, 2026 at 11:42 AM

Rooms and interior

  • Flooring:Carpet, Laminate
  • Living area:10,280 sq. ft.

Structure and exterior

  • Roof:Composition, Flat Roof
  • Year built:1983
  • Building area:10,280 sq. ft.
  • Lot area:0.23 Acres

Utilities

  • Water:Public
  • Sewer:Available

Finances and disclosures

  • Price:$2,450,000
  • Price per sq. ft.:$238.33
  • Tax amount:$30,563 (2026)

Parking

  • Total parking spaces:11
  • Carport spaces:5
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