Property Details
13215 35th Avenue NE
Seattle, WA 98125
$1,025,000
Active
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Property Overview
First Time on the Market in Over 30 Years! Opportunity to owner-occupy one unit while renting out the other two! The middle and bottom units have been there for over 20 years, making this investment very stable! Rent increases will be a big value-add as they are a little below market. Each unit features a spacious 2-bedroom, 1.5-bath layout with approximately 1,146 sq. ft. of living space and private balconies. 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. Sitting on a sizable 8,100 sq. ft. LR2-zoned lot, this property offers future redevelopment, adding long-term value anticipation! Low-maintenance triplex with a proven 30-year history of consistent occupancy and reliable income will offer investors stable and truly passive ownership.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Cedar Park
Listed
Feb 25, 2026
Financial Summary
Cap Rate
5.40%
Net Operating Income
$55,623
Gross Scheduled Income
$6,150
Total Expenses
$17,902
Building & Use
Building Sq Ft
3,440
Leasable Area
3,440 sqft
Total Units
3
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
8,102 sqft
Year Built
1974
Exterior & Lot
Lot Size
0.19 sqft
Year Built
1974
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Paved
Exterior Features
Wood
Location
City
Seattle
County
King
Coordinates
47.72497, -122.29133
Additional Information
Tax Year
2025
Annual Taxes
$10,358
Possession
Array
Based on information submitted to the MLS GRID as of May 4, 2026 8:00 PM. 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.
