13215 35th Ave NE

Seattle, WA 98125
  • $1,025,000

    Price
  • 6

    Bed
  • 3

    Bath
  • 3,438

    SqFt

About the Listing 6421 - 131714

First Time on the Market in Over 30 Years! This well-maintained Lake City triplex presents investors with stable in-place income, proven tenancy, and a big rental upside! Each unit features a spacious 2-bedroom, 1.5-bath layout with approximately 1,146 sq. ft. of living space, and private balconies that promote long-term tenant retention. The property also includes a coin-operated laundry. The top unit is rented at a pro-forma rent of $2,500 per month, demonstrating the property’s income potential. Units B and C remain slightly below market rents, creating a value-add opportunity for investors through gradual rent increases! Sitting on a sizable 8,100 sq. ft. LR2-zoned lot, the property offers not only strong current cash flow but also future redevelopment or expansion potential, adding long-term value anticipation. A big highlight is the exceptionally stable tenant history, with residents who have lived here for more than 20 years and take pride in their homes, resulting in consistent occupancy and reliable income over the past 30 years of ownership!

Listing Highlights

Status Active
Days on Site 5
Property Type Multi-Family
MLS ® 2484318
Year Built 1974
Total Square Footage 3,438
Lot/Acreage 0.19
County King
Neighborhood Cedar Park
School District Seattle

Interior Details

  • Bedrooms: 6
  • Bathrooms: 3 Full
  • Appliances:
  • Air Cond:
  • Heating:
  • Fireplaces: 0
  • Floor: Vinyl,Carpet
  • Above Ground Sq Ft:
  • Below Ground Sq Ft: n/a
  • Basement:
  • Other:
  • Water: Public

Exterior Details

  • Lot Description: Paved,Zoning: Multi-Family
  • Garage Capacity: N/A
  • Zoning: Multi-Family
  • Roof: Composition
  • Others: Wood
  • Sewer: Sewer Connected

Financial Details

  • Tax Amount: $10,358
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 1453601580
  • Tax Year: 2025

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Questions About..

13215 35th Ave NE Seattle, WA 98125

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Originating MLS: nwmls

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