Property Details
2600 NE 125th Street
Seattle, WA 98125
$1,500,000
Active
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Property Overview
Outstanding multifamily investment opportunity in North Seattle featuring a desirable mix of one- and two-bedroom residences averaging approximately 600 square feet. The efficient unit layouts appeal to a broad tenant base, providing affordable, functional living for individuals and small households in a highly desirable location. Several major capital improvements have already been completed, reducing near-term ownership costs and enhancing long-term operational stability. Recent upgrades include a roof replacement approximately six years ago and the installation of modern Square D electrical panels. Tenant amenities include on-site laundry facilities, dedicated storage units, five off-street parking spaces, and ample street parking, creating added convenience and supporting tenant retention. Convenient access to Seattle, the Eastside, and North King County provides excellent connectivity to major employment centers throughout the Puget Sound region. Combined with recent capital improvements, the property's efficient unit mix, desirable location, and strong regional accessibility position it as an excellent investment opportunity offering stable cash flow with long-term upside potential.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Olympic Hills
Listed
Aug 12, 2026
Structure Type
Multi Family
Parcel Number
3834500570
Tax & HOA
Annual Property Tax
$14,401 (2026)
Est. Monthly Tax
$1,200/mo
Financial Summary
Cap Rate
5.60%
Net Operating Income
$83,984
Gross Scheduled Income
$134,882
Gross Rent Multiplier
11.12
Total Expenses
$50,899
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
4,800
Leasable Area
4,800 sqft
Total Units
8
Lot Size
8,507 sqft
Year Built
1959
Exterior & Lot
Lot Size
0.20 sqft
Year Built
1959
Exterior Materials
Brick, Stucco, Wood
Sewer
Sewer Connected
Lot Features
Corner Lot, Paved, Sidewalk
Exterior Features
Brick, Stucco, Wood Products
Community & Access
Directions
From Northgate – Head N on NE Northgate Wy, Turn right onto Roosevelt Way NE, at the traffic circle, take the 3rd exit, Continue onto NE 125th St property on the left.
Location
City
Seattle
County
King
Coordinates
47.71947, -122.30007
Additional Information
Tax Year
2026
Annual Taxes
$14,401
Possession
Array
Based on information submitted to the MLS GRID as of August 12, 2026 4:45 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.
