Property Details
12317 35th Avenue NE, Seattle, WA 98125
Seattle, WA 98125
$1,216,800
Pending
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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.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Pending
County
King
Neighborhood
Meadowbrook
Listed
Mar 10, 2026
Interior Features
Bathrooms
0.0
Stories
2
Exterior & Lot
Lot Size
0.12 sqft
Year Built
1960
Exterior Materials
See Remarks
Sewer
Sewer Connected
Water Source
Public
Lot Features
Alley, Paved
Exterior Features
See Remarks
Location
City
Seattle
County
King
Coordinates
47.71801, -122.29195
Schools
School District
Seattle
Additional Information
Tax Year
2026
Annual Taxes
$11,586
Possession
Array
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Estimated Monthly Payment
$0
Provided by Beyond Real Estate, LLC
Down Payment Assistance Available
This property may qualify for homebuyer assistance programs
Find out if you’re eligible for down payment assistance programs that could help make this home more affordable. Programs can provide thousands of dollars toward your down payment and closing costs.
Check Your EligibilityBased on information submitted to the MLS GRID as of April 2, 2026 5:52 AM. 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.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
