12340 Sand Point Way Ne, Seattle, WA 98125
Local realty services provided by:Imagine Realty ERA Powered
Listed by: jonathan d. bye
Office: john l. scott, inc
MLS#:2567375
Source:NWMLS
12340 Sand Point Way Ne,Seattle, WA 98125
$1,425,000
- - Beds
- - Baths
- 4,350 sq. ft.
- Multi-family
- Active
Price summary
- Price:$1,425,000
- Price per sq. ft.:$327.59
About this home
Sandpoint Way Apartments is a well-maintained multifamily community in Seattle's desirable Sandpoint neighborhood, offering a diverse mix of one-, two-, and three-bedroom residences averaging approximately 821 square feet. Larger-than-average unit sizes provide broad appeal to healthcare workers while supporting strong tenant retention and leasing performance. Many residences enjoy premium Lake Washington views, enhancing the property's appeal and supporting rental premiums. The community is ideally located approximately one-half mile from the Burke-Gilman Trail and less than two miles from Matthews Beach Park, Seattle's largest freshwater swimming beach. Ownership has completed significant capital improvements, including a roof replacement within the last six years, Cutler-Hammer electrical panels, and primarily copper plumbing throughout, reducing near-term capital needs and supporting operational stability. The property is also conveniently located near major employment and institutional drivers, including the University of Washington, Seattle Children's Hospital, and the growing Magnuson Park corridor. The combination of desirable views, spacious units, recent improvements, and strong Northeast Seattle fundamentals makes Sandpoint Way Apartments a compelling multifamily investment opportunity....
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Home facts
- Year built:1930
- Subdivision & Development:Matthews Beach
- Listing ID #:2567375
- Updated:August 14, 2026 at 12:07 PM
Rooms and interior
- Living area:4,350 sq. ft.
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Roof:Composition
- Year built:1930
- Building area:4,350 sq. ft.
- Lot area:0.13 Acres
- Lot Features:Paved
- Construction Materials:Metal/Vinyl Exterior Finish
Utilities
- Sewer:Sewer Connected
Finances and disclosures
- Price:$1,425,000
- Price per sq. ft.:$327.59
- Tax amount:$14,879 (2026)
Parking
- Total parking spaces:2
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