12317 35th Avenue Ne, Seattle, WA 98125
Local realty services provided by:CENTURY 21 Tri-Cities
Listed by: chris c. nye
Office: mls4owners.com
MLS#:2489986
Source:NWMLS
12317 35th Avenue Ne,Seattle, WA 98125
$1,216,800
- - Beds
- - Baths
- 3,380 sq. ft.
- Multi-family
- Active
Price summary
- Price:$1,216,800
- Price per sq. ft.:$360
About this home
Investor-Ready Triplex in Meadowbrook’s LR3(M) Growth Zone Cash-flowing 1960 triplex on a quiet Meadowbrook street—three identical 3-bed/1-bath units (1,100 SF each), two leased through 2026 at $2,225/month ($6,675/mo GSR, $80,100 annual), one vacant for immediate repositioning or owner occupancy. Each unit includes in-unit laundry; tenants pay all utilities (electric + RUBS for sewer/water/garbage). Seven dedicated parking spaces (two per unit plus one spare). Extensively updated 2019–2026: all units feature newer vinyl windows (2019), kitchen/bath cabinets (2019), and appliances. Recent capital improvements include PEX replumbing (2024), water heaters (2020–2024), GFCI upgrades, new carpet/vinyl flooring, interior paint refreshes, and redirected downspout drainage (2026). Major deferred maintenance already handled—minimal CapEx ahead. Zoned LR3(M) in Seattle’s targeted high-density growth corridor. Meadowbrook offers serene tree-lined streets with investor-friendly transit: rapid buses within 5-minute walk, 10 minutes to Northgate light rail, Burke-Gilman Trail bike access, and Lake City Way retail/dining. Ideal for small investors seeking stable cash flow or portfolio consolidation plays. No rent control; clean repositioning opportunity.
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Home facts
- Year built:1960
- Listing ID #:2489986
- Updated:March 10, 2026 at 08:03 PM
Rooms and interior
- Flooring:Carpet, Vinyl Floor, Vinyl Plank
- Living area:3,380 sq. ft.
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Roof:Built Up
- Year built:1960
- Building area:3,380 sq. ft.
- Lot area:0.12 Acres
- Lot Features:Alley, Paved
Utilities
- Water:Public
- Sewer:Sewer Connected
Finances and disclosures
- Price:$1,216,800
- Price per sq. ft.:$360
- Tax amount:$11,586 (2026)
Features and amenities
- Amenities:Cable TV, High Speed Internet
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