3055 NE 140th ST, Seattle, WA 98125
3055 NE 140th ST, Seattle, WA 98125
3055 NE 140th ST, Seattle, WA 98125
3055 NE 140th ST, Seattle, WA 98125
3055 NE 140th ST, Seattle, WA 98125
3055 NE 140th ST, Seattle, WA 98125
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Michael Green

Michael Green

+1(405) 227-5773
Listed by:Opal Blue Real Estate, LLC • Grant Fosheim
$ 2,150,000
Est. payment | /mo

12 Beds

10 Baths

8,711 SqFt

Save Virtual Tour
$ 2,150,000
Est. payment | /mo
Save Virtual Tour

12 Beds

10 Baths

8,711 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,711 sqft

Price per Sqft $246

Subdivision Lake City

MLS Listing ID 2596136

Style 56 - 10+ Units

Bedrooms 12

Year Built 1968

Annual Tax Amount $17,226

Lot Size 8,480 Sqft

Property Sub-Type Multi Family

New Construction No

Property Description

Turnkey 10-unit Marella Apartments in Seattle's Lake City neighborhood. All major capital projects are complete: fully re-sided with exterior paint, new roof and new windows (2023), new electrical panels (2025) and a new sewer line (2025-26), with updated common areas. Seven of ten units are renovated, leaving only three to turn. Professionally managed with zero vacancies and zero delinquencies, and all paperwork is in order: move-in reports, security deposits and last month's rent on file. Eight 1BD/1BA (approx. 675 sf) and two 2BD/1BA (approx. 850 sf) units, plus 14 off-street parking spaces. Built 1968, effective year built 1992 per tax records, on an 8,480 sf lot. Large walk-in closets next to each hot water tank make adding in-unit washers and dryers easy. Close to Lake City Way shops, services and transit, with Stride bus rapid transit coming in 2028. 5.76% cap rate on in-place rents, 6.85% at market.

Location

Province WA

County King

Area 710 - North Seattle

Interior

Flooring Laminate, Vinyl Plank, Carpet

Fireplace false

Exterior

Exterior Feature Wood Products

View Y/N Yes

View Territorial

Roof Type Flat

Building

Lot Description Corner Lot, Paved, Sidewalk

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Buyer To Verify

Middle Schools Buyer To Verify

High Schools Buyer To Verify

School District Seattle

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.youtube.com/watch?v=9UYXobwAVrM

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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3055 NE 140th ST

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