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Provided by NWMLS, Listed by Chris C. Nye, 253-460-1900 at MLS4owners.com
3,380 sqft

$1,216,800

12317 35th Avenue NE, Seattle WA, 98125

Price per sqft$360.00
Built in1960
Property size3,380 sqft
Property typeMulti-family

Overview

Active

Updated 3 weeks ago

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.

$8,095/mo

Est. mortgage payment based on a $1,216,800 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
2489986

Interior Features

Heating
Yes
Basement
No

Exterior Features

Lot Size
0.12 Acres

Other Property Details

Taxes
$11,586
Tax Frequency
Annually
55+/Senior Community
No
MLS provider logo

Provided by NWMLS, Listed by Chris C. Nye, 253-460-1900 at MLS4owners.com

The IDX display presents information sourced from the Northwest Multiple Listing Service as of 10/9/2026. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified. Based on information submitted to the MLS GRID as of 10/9/2026 at 4:59 PM UTC . 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.

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Data last updated on 10/9/2026 at 4:59 PM UTC 

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