8821 35th Avenue SW
Seattle, WA 98126
3180 sqft | 0.14 acres | #2362878
Description
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
- Sewer InformationSewer Connected
- Style55 - 5-9 Units
- Exterior MaterialsBrick, Wood
- SubdivisionWest Seattle
- Property SubtypeMulti Family
- Structure TypeMulti Family
- Date ListedMay 05, 2025
- Original List Price$1,050,000
- School DistrictSeattle
- Taxes Annual$10,883
- MLS #2362878
- Cost1050000
- MLS #2362878
- Acres0.1389
- Square Feet3180
- Year Built1957
- CountyKing
- Days on Market (Cumulative)13
- Stories1
Location
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2025-05-05 18:13:11. 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.
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Last Updated:Â . Source: NWMLS
Listing Courtesy
Listing Agent: Ben Douglas (#NWM142498)
Listing Office: Paragon Real Estate Advisors (#NWM7086)
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