8821 35th Ave SW Seattle, WA 98126
Five-unit property with value-add potential in Seattle.
Property size:
3,180 SFPrice / SF:
$330/SF- Added:
- May 6, 2025
- Days on Market:
- 354
- Last Refresh:
- Mar 16 at 9:09 am
Property Features for 8821 35th Ave SW
General Information
- Standard status
- Active
- Size
- 3,180 SF
Building Details
- Year Built
- 1957
Listing agent BRIAN PLATT
Listing office PARAGON REAL ESTATE ADVISORS
Listing date May 6, 2025
Source Corcoran
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Overview
Seattle Multifamily Investment Opportunity
This well-located 5-unit property presents a value-add investment opportunity through operational improvements and unit renovations. A new owner can increase value by implementing a utility bill-back system for water, sewer, and garbage, and by charging for storage and reserved off-street parking. Completing full unit renovations and raising rents to market levels offers a way to reposition the asset and enhance long-term returns. The unit mix includes two 1-bedroom/1-bathroom units. The property is part of phase 2 of the Seattle One Plan upzone. The proposed zoning is LR3, creating future development potential. The property size is 3180 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Seattle
- County
- King
- State
- Washington
- Longitude
- -122.377
- Latitude
- 47.524
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Five-unit property with value-add potential in Seattle.
Where is this apartment building located?
The property is located at 8821 35th Ave SW Seattle, WA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Value‑add investment opportunity through operational improvements and unit renovations.; Seller financing available with attractive terms (25% down, 5% interest‑only for five years).; Immediate upside by implementing utility bill‑back system and charging for storage/parking.
