12348 33rd Ave NE, Seattle, WA 98125
8-unit multifamily property in North Seattle's Lake City neighborhood.
- Added:
- Aug 18, 2025
- Days on Market:
- 322
- Last Refresh:
- May 11 at 12:11 am
Property Features for 12348 33rd Ave NE
General Information
- Standard status
- Active
- Size
- 5,875 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1967
Listing office PARAGON REAL ESTATE ADVISORS
Listing date Aug 18, 2025
Source Corcoran
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All listing content including descriptions, pricing, images are the copyrighted material of PARAGON REAL ESTATE ADVISORS
HighLights
- Attractive seller financing available: $600,000 down, interest‑only payments for 5 years.
- Strong unit mix: five 1BD/1BTH and three 2BD/1BTH apartments.
- Multiple income streams: apartments, storage lockers, off‑street parking, and on‑site laundry.
- Excellent Walk Score of 89: immediate access to local amenities and parks.
- All units feature a full appliance package and a deck or balcony.
- 12 off‑street parking spaces.
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $197.4k | $33.60 |
| − Vacancy | −$7.9k | −$1.34 |
| EGI | $189.5k | $32.26 |
| − OpEx | −$85.3k | −$14.52 |
| NOI | $104.2k | $17.74 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Seattle
- County
- King
- State
- Washington
- Longitude
- -122.292
- Latitude
- 47.7188