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    FOR SALE
    Commercial real estate

    8821 35Th Ave SW, Seattle, WA 98126

    3,180 SF Built 1957
    Entity Owned 1-yr Hold
    Property ID
    US90-0718095
    No photos on file
    For Sale
    $1,050,000 3,180 SF
    8821 35Th Ave SW, Seattle, WA 98126
    View Listing →
    Property summary
    AI-generated overview

    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. Seller financing is available with attractive terms: 25% down payment and 5% interest-only payments for five years. The unit mix includes two 1-bedroom/1-bathroom units

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1957
    Total area 3,180 SF
    UPID US90-0718095
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Westsea Properties LLC · 1 yrs held
    Westsea Properties LLC
    since 2025
    2 recorded transactions
    2025
    $1.1M
    2017
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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