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12317 35th Avenue NE, Seattle, WA 98125

$1,216,800 (Active)
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Listed by: Chris Nye - MLS4owners.com

12317 35th Avenue NE, Seattle, WA 98125

$$1,216,800
Active
est.$1,216,800/month.
Start My Approval
beds. baths. 5,258 Sqft.

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12317 35th Avenue NE, Seattle, WA 98125

$1,216,800
Active
est.$1,216,800/month.
Start My Approval
beds baths 5,258 Sq.ft.
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Property details for 12317 35th Avenue NE, Seattle, WA 98125
Investor-Ready Cash-Flowing Triplex in Meadowbrook’s LR3(M) Growth Zone Fully stabilized 1960 triplex in northeast Seattle’s Meadowbrook neighborhood. Each of the three identical 3-bed/1-bath units is 1,100 SF and leased through 2026-2028. Tenants pay all utilities (electric directly; sewer/water/garbage via RUBS). Each unit has separate laundry, and the property includes seven off-street parking spaces. Capital Improvements (2019–2026): New SquareD panels, GFCI bath/kitchen upgrades, dedicated appliance/bath circuits, targeted heater replacements, PEX refit in Apts. A/C, bathtub re-plumbing, new toilets, new water heaters, new carpet/vinyl flooring, newer kitchen/bath cabinets, appliances, window coverings, interior paint, redirected drainage, and vinyl windows. Deferred maintenance addressed; capex schedule available. Location & Zoning Upside: Meadowbrook (98125) offers residential character and LR3(M) density upside. Rapid bus lines are within a 5-minute walk, Northgate light rail is about a 10-minute drive, and the Burke-Gilman Trail is nearby. Lake City Way adds nearby retail and dining convenience. Target Buyer: Small investor seeking stable cash flow or portfolio buyer consolidating LR3(M)-zoned assets. Clean title, clean books, clean systems. Boundary survey completed in 2018, adding due diligence value.
Broker details: MLS4owners.com

Listed by: Chris Nye
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Property Description

MLS Information

  • Listing: 2489986
  • Listing Last Modified: 2026-08-03

Property Details

  • Standard Status: Active
  • MLS Status: Active
  • Built in: 1960
  • Subdivision: Meadowbrook

Geographic Data

  • County: King
  • MLS Area: Meadowbrook
  • Directions: Turn onto 35th Ave NE
Features

Interior Features

  • Flooring: Vinyl, Carpet

Exterior Features

  • Roof type: Built-Up
  • Lot description: Paved

Parking

    Utilities

    • Water: Public
    • Heating: Electric, Baseboard
    Property Information

    Tax Information

    • Tax Annual Amount: $11,586

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    Disclaimer

    Based on information submitted to the MLS GRID as of Mon Aug 17 2026 (3.20 PM). IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. 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. The three tree icon represents listings courtesy of NWMLS.
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