8821 35th Avenue SW Seattle WA 98126 MLS #NWM2362878

Listing Provided Courtesy of Paragon Real Estate Advisors
SELLER FINANCING AVAILABLE – attractive terms: 25% down payment and 5% interest-only payments for five years. This well-located 5-unit property offers a compelling value-add investment opportunity through both operational improvements and unit renovations. A new owner can unlock immediate upside by implementing a utility bill-back system for water, sewer, and garbage, as well as charging for storage and reserved off-street parking. Additionally, completing full unit renovations and bringing rents up to market levels provides a clear path to repositioning the asset and enhancing long-term returns. The property is part of phase 2 of the Seattle One Plan upzone. The proposed zoning is LR3 which creates future development potential.

Property Details

Price:
$1,050,000
MLS #:
NWM2362878
Status:
Active
Beds:
0
Baths:
0
Address:
8821 35th Avenue SW
Type:
Multi Family
Subdivision:
West Seattle
Neighborhood:
140 – West Seattle
City:
Seattle
Listed Date:
May 5, 2025
State:
WA
Finished Sq Ft:
3,180
Total Sq Ft:
3,180
ZIP:
98126
Lot Size:
6,050 sqft / 0.14 acres (approx)
Year Built:
1957
Units:
5

Schools

School District:
Seattle

Interior

Cooling
None
Heating
Radiant

Exterior

Construction Materials
Brick, Wood
Exterior Features
Brick, Wood
Parking Spots
5
Roof
Flat

Financial

Net Operating Income
$50,462
Tax Year
2025
Taxes
$10,883

Map

Contact Us

Send
  

Mortgage Calculator

 

Similar Listings Nearby

8821 35th Avenue SW
Seattle, WA