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About the Listing 9991 - 16005
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.
Listing Highlights for 12317 35th Ave NE
Status
Active
Days on Site
219
Property Type
Multi-Family
MLS ®
2489986
Year Built
1960
Total Square Footage
3,300
Lot/Acreage
0.12
Interior Details
- Bedrooms: 9
- Bathrooms: 3 Full
- Appliances:
- Air Cond:
- Heating: Baseboard
- Fireplaces: 0
- Floor: Vinyl,Vinyl Plank,Carpet
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Alley,Paved,Cable TV,High Speed Internet,Zoning: Multi-Family
- Garage Capacity: N/A
- Parking Spaces: 6
- Zoning: Multi-Family
- Roof: Built-Up
- Others: See Remarks,Updated/Remodeled
- Sewer: Sewer Connected
- Parking Features: Covered
Financial Details
- Tax Amount: $11,586
- Taxes w/Assessments: N/A
- Tax/Property ID: 8822900145
- Tax Year: 2026
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Listing Location
Questions About..
12317 35th Ave NE Seattle, WA 98125
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