12741 NE 35th Avenue Ne, Seattle, WA 98125

Seattle
Local realty services provided by:RSVP Brokers ERA
Listed by: tc wu
Office: wpi real estate services, inc.
MLS#:2546321
Source:NWMLS
12741 NE 35th Avenue Ne,Seattle, WA 98125
$1,850,000
  • - Beds
  • - Baths
  • 6,351 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$1,850,000
  • Price per sq. ft.:$291.29

About this home

WPI Real Estate is pleased to present 12741 35th Ave NE, an 8-unit apartment building in the heart of North Seattle. Reconstructed in 1995, keeping only the foundation and frame, the building totals 6,351 gross square feet and comprises 5 two-bedroom and 3 one-bedroom units across approximately 5,515 rentable square feet, set on a 7,121SF corner lot zoned Lowrise 2 (M). The property is offered at an actual cap rate of 5.39%, with attractive owner financing available: 50% down @ 5% fixed interest, amortized over 360 months on a 5-year term. It delivers a stabilized income stream today, with clear upside through utility pass-through/RUBS implementation, adding additional units (buyer to verify) or updates as units turn. The building offers a desirable unit mix with functional layouts appealing to long-term tenants. Most units are corner homes with ample natural light, and many have vaulted ceilings and private balconies or patios. On-site parking and easy street access add to tenant...

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Home facts

  • Year built:1995
  • Listing ID #:2546321
  • Updated:June 29, 2026 at 11:18 AM

Rooms and interior

  • Living area:6,351 sq. ft.

Heating and cooling

  • Heating:Forced Air, Radiant

Structure and exterior

  • Roof:Composition
  • Year built:1995
  • Building area:6,351 sq. ft.
  • Lot area:0.16 Acres
  • Lot Features:Corner, Sidewalk
  • Construction Materials:Cement Planked

Utilities

  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,850,000
  • Price per sq. ft.:$291.29
  • Tax amount:$14,654 (2026)

Parking

  • Total parking spaces:10
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