12741 NE 35th Avenue Ne, Seattle, WA 98125

Seattle
Local realty services provided by:ERA Skyview Realty
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 1999, 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:1999
  • Subdivision & Development:Seattle
  • Listing ID #:2546321
  • Updated:August 06, 2026 at 11:11 AM

Rooms and interior

  • Living area:6,351 sq. ft.

Heating and cooling

  • Heating:Forced Air, Radiant

Structure and exterior

  • Roof:Composition
  • Year built:1999
  • 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
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of August 6, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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