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    8821 35Th Ave SW Seattle, WA 98126

    For Sale
    $1,050,000

    Five-unit property with value-add potential in Seattle.

    Property size:
    3,180 SF

    Property Features for 8821 35Th Ave SW

    General Information

    Size
    3,180 SF

    Building Details

    Year built
    1957

    Source: PARAGON REAL ESTATE ADVISORS Agent BRIAN PLATT

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    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

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3770709
    Latitude
    47.5239865

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    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.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8821 35Th Ave SW Seattle, WA 98126
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