8848 Stone Avenue N, Seattle, WA 98103
Local realty services provided by:Knipe Realty ERA Powered
Listed by: dea sumantri, candice chevaillier
Office: lee & associates commercial re
MLS#:2533806
Source:NWMLS
Price summary
- Price:$1,800,000
About this home
We are pleased to present 8848 Stone Ave N, a pride-of-ownership 10-unit apartment community in Seattle’s North Green Lake neighborhood. Built in 1988, the building offers a well-balanced unit mix of 2 studios, 4 one-bedrooms, and 4 two-bedrooms — spacious floor plans filled with natural light and equipped with in-unit laundry throughout. Durable building systems include copper plumbing, a Siemens electric panel, and a 2021 roof replacement, delivering a new owner a clean operational foundation with minimal deferred maintenance. A secured entry system and fully fenced rear parking lot with 10 assigned spaces complete a resident experience that is low-friction and well managed. In-place rents currently sit approximately 15% below market, presenting an immediate opportunity for a new owner to close that gap through disciplined lease management alone. For investors with a light renovation appetite, the one-bedroom and two-bedroom units present the most compelling upside — rehabbed rents on those unit types are projected to achieve premiums of 21% and 32% respectively above current in-place rents, a return profile that meaningfully repositions the asset’s income and long-term value....
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Home facts
- Year built:1988
- Subdivision & Development:Licton Springs
- Listing ID #:2533806
- Updated:September 17, 2026 at 11:43 AM
Rooms and interior
- Flooring:Carpet, Vinyl Floor
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Roof:Torch Down
- Year built:1988
- Lot area:0.14 Acres
- Lot Features:Curbed Lot, Paved, Sidewalk
- Construction Materials:Metal/Vinyl Exterior Finish
- Exterior Features:Deck, Fenced-Partially, Sprinkler System
Utilities
- Sewer:Sewer Connected
Finances and disclosures
- Price:$1,800,000
- Tax amount:$19,251 (2026)
Features and amenities
- Amenities:High Speed Internet
Parking
- Total parking spaces:10
- Carport spaces:10
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