3055 NE 140th Street in Seattle
| Listing ID: | 2596136 (Multi-Family) |
|---|---|
| Listing Price: | $2,150,000 |
| Days on Market: | 11 |
Details | |
| Bed / Bath: | 0.00 / 0.00 |
| Lot Size: | 0.19 acre (8,480 sqft) |
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.
This listing is provided courtesy of NWMLS.
Listing Broker: Opal Blue Real Estate, LLC; Grant Fosheim, 425-359-7259, Grant@OpalBlueRE.com.
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