Property Details
8848 Interlake Avenue N
Seattle, WA 98103
$1,398,000
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Property Overview
VACANT & REMODELED – BRAND NEW ROOF. Beautifully updated Green Lake triplex offering an exceptional location, long-term versatility, and move-in ready living. Situated on a 6,663 sf fenced lot, it provides unmatched access to downtown Seattle, Ballard, Northgate Station (Light Rail), UW, North Seattle College, cafés, and trails-with quick, convenient access to I-5, Highway 99, major bus lines, and nearby parks and schools. Main Level (8848): A remodeled, light-filled 2BR/2BA featuring LVP flooring, updated baths, and direct access to an oversized one-car garage. A glass door opens to the backyard for seamless indoor/outdoor living. Upper Level (8850 & 8852): Two generous 2BR/1BA units with great natural light, each with its own oversized garage, private laundry, and utility sink. Unit 8850 is newly vacant and refreshed with a remodeled kitchen, updated bath, and fresh paint—ideal for an owner-occupant seeking a mortgage offset or immediate market-rate leasing. Recent Upgrades: Major capital improvements include a brand-new roof, new gutters/downspouts, and fresh exterior paint. With three oversized garages plus additional on-site parking, this property offers rare convenience and long-term value. This is a premier opportunity to live in one home while benefiting from income from the others—offering strong fundamentals, updated systems, and immediate income potential in one of Seattle's most desirable locations.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Green Lake
Listed
Apr 23, 2026
Financial Summary
Cap Rate
5.59%
Net Operating Income
$78,147
Gross Scheduled Income
$101,940
Gross Rent Multiplier
14.00
Total Expenses
$23,793
Building & Use
Building Sq Ft
3,810
Leasable Area
3,810 sqft
Total Units
3
Zoning
Multi-Family,Residential
Possible Use
Multi-Family, Residential
Lot Size
6,665 sqft
Year Built
1977
Exterior & Lot
Lot Size
0.15 sqft
Year Built
1977
Garage
3 spaces
Exterior Materials
Stucco, Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Curbs, Paved, Sidewalk
Exterior Features
Stucco, Wood
Location
City
Seattle
County
King
Coordinates
47.69384, -122.33993
Additional Information
Tax Year
2026
Annual Taxes
$15,057
Possession
Array
Based on information submitted to the MLS GRID as of May 13, 2026 9:30 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.
