3055 NE 140th Street, Seattle, WA 98125
Local realty services provided by:Imagine Realty ERA Powered
Listed by: grant fosheim
Office: opal blue real estate, llc.
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:October 28, 2026 at 12:34 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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