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8848 Stone Avenue N, Seattle, WA 98103

$1,800,000 (Active)
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Listed by: Dea Sumantri - Lee & Associates Commercial RE

8848 Stone Avenue N, Seattle, WA 98103

$$1,800,000
Active
est.$1,800,000/month.
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beds. baths. 6,150 Sqft.

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8848 Stone Avenue N, Seattle, WA 98103

$1,800,000
Active
est.$1,800,000/month.
Start My Approval
beds baths 6,150 Sq.ft.
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Property details for 8848 Stone Avenue N, Seattle, WA 98103
We are pleased to present 8848 Stone Ave N, a pride-of-ownership 10-unit apartment community in Seattle’s North Green Lake neighborhood. Built in 1988, the building offers a well-balanced unit mix of 2 studios, 4 one-bedrooms, and 4 two-bedrooms — spacious floor plans filled with natural light and equipped with in-unit laundry throughout. Durable building systems include copper plumbing, a Siemens electric panel, and a 2021 roof replacement, delivering a new owner a clean operational foundation with minimal deferred maintenance. A secured entry system and fully fenced rear parking lot with 10 assigned spaces complete a resident experience that is low-friction and well managed. In-place rents currently sit approximately 15% below market, presenting an immediate opportunity for a new owner to close that gap through disciplined lease management alone. For investors with a light renovation appetite, the one-bedroom and two-bedroom units present the most compelling upside — rehabbed rents on those unit types are projected to achieve premiums of 21% and 32% respectively above current in-place rents, a return profile that meaningfully repositions the asset’s income and long-term value.
Broker details: Lee & Associates Commercial RE

Listed by: Dea Sumantri
Co-listing Broker: Lee & Associates Commercial RE
Co-listing Agent: Candice Chevaillier
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Property Description

MLS Information

  • Listing: 2533806
  • Listing Last Modified: 2026-07-28

Property Details

  • Standard Status: Active
  • MLS Status: Active
  • Built in: 1988
  • Subdivision: Licton Springs

Geographic Data

  • County: King
  • MLS Area: Licton Springs
  • Directions: From N. 85th St. turn north on Stone Ave. N. to 8848 on the east side of the street.
Features

Interior Features

  • Flooring: Vinyl, Carpet

Exterior Features

  • Lot description: Paved

Parking

    Utilities

    • Heating: Electric, Baseboard
    Property Information

    Tax Information

    • Tax Annual Amount: $19,251

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    Based on information submitted to the MLS GRID as of Tue Jul 28 2026 (1.53 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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    Home Description

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