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Cassidy Thomas

cassidy@1realty.com +1(360) 739-4784

Listed by:MLS4owners.com • Chris C. Nye

$1,216,800

Est. payment - /mo

9 Beds

3 Baths

3,380 SqFt

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,380 sqft

Price per Sqft $360

Subdivision Meadowbrook

MLS Listing ID 2489986

Style 53 - Tri-plex

Bedrooms 9

Year Built 1960

Annual Tax Amount $11,586

Lot Size 5,258 Sqft

Property Sub-Type Multi Family

Property Description

Investor-Ready Cash-Flowing Triplex in Meadowbrook's LR3(M) Growth Zone Fully stabilized 1960 triplex in northeast Seattle's Meadowbrook neighborhood. Each of the three identical 3-bed/1-bath units is 1,100 SF and leased through 2026-2028. Tenants pay all utilities (electric directly; sewer/water/garbage via RUBS). Each unit has separate laundry, and the property includes seven off-street parking spaces. Capital Improvements (2019–2026): New SquareD panels, GFCI bath/kitchen upgrades, dedicated appliance/bath circuits, targeted heater replacements, PEX refit in Apts. A/C, bathtub re-plumbing, new toilets, new water heaters, new carpet/vinyl flooring, newer kitchen/bath cabinets, appliances, window coverings, interior paint, redirected drainage, and vinyl windows. Deferred maintenance addressed; capex schedule available. Location & Zoning Upside: Meadowbrook (98125) offers residential character and LR3(M) density upside. Rapid bus lines are within a 5-minute walk, Northgate light rail is about a 10-minute drive, and the Burke-Gilman Trail is nearby. Lake City Way adds nearby retail and dining convenience. Target Buyer: Small investor seeking stable cash flow or portfolio buyer consolidating LR3(M)-zoned assets. Clean title, clean books, clean systems. Boundary survey completed in 2018, adding due diligence value.

Location

State WA

County King

Area 710 - North Seattle

Interior

Flooring Vinyl, Vinyl Plank, Carpet

Fireplace false

Exterior

Exterior Feature See Remarks

Amenities Available Cable TV, High Speed Internet

View Y/N No

Roof Type Built-Up

Building

Lot Description Alley, Paved

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Seattle

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Cassidy Thomas

+1(360) 739-4784

Agent | License ID: 132279

Agent License ID: 132279

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12317 35th AVE NE Seattle, WA 98125

Cassidy Thomas

Key Details

Location

Interior

Exterior

Building

Schools

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