Investor-Ready Cash-Flowing Triplex in Meadowbrook’s LR3(M) Growth Zone Fully stabilized 1960 triplex in northeast Seattle’s Meadowbrook neighborhood. Each of the three identical 3-bed/1-bath units is 1,100 SF and leased through 2026-2028. Tenants pay all utilities (electric directly; sewer/water/garbage via RUBS). Each unit has separate laundry, and the property includes seven off-street parking spaces. Capital Improvements (2019–2026): New SquareD panels, GFCI bath/kitchen upgrades, dedicated appliance/bath circuits, targeted heater replacements, PEX refit in Apts. A/C, bathtub re-plumbing, new toilets, new water heaters, new carpet/vinyl flooring, newer kitchen/bath cabinets, appliances, window coverings, interior paint, redirected drainage, and vinyl windows. Deferred maintenance addressed; capex schedule available. Location & Zoning Upside: Meadowbrook (98125) offers residential character and LR3(M) density upside. Rapid bus lines are within a 5-minute walk, Northgate light rail is about a 10-minute drive, and the Burke-Gilman Trail is nearby. Lake City Way adds nearby retail and dining convenience. Target Buyer: Small investor seeking stable cash flow or portfolio buyer consolidating LR3(M)-zoned assets. Clean title, clean books, clean systems. Boundary survey completed in 2018, adding due diligence value.
Active
Listed by: MLS4owners.com • Chris C. Nye
$1,216,800
12317 35th Avenue NE, Seattle, WA 98125
9beds
3baths
3,380sqft
Triplex, Multi Family
Built in 1960
-- sqft lot
$-- Zestimate®
$360/sqft
$-- HOA
What's special
Serene tree-lined streetsIn-unit laundrySeven dedicated parking spacesInterior paint refreshes
- 176 days
- 122
- 1
Zillow last checked:
Listing updated:
Listed by:
Chris C. Nye,
MLS4owners.com
Source: NWMLS as distributed by MLS GRID,MLS#: 2489986
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 3
Heating
- Baseboard, Electric
Cooling
- None
Features
- Flooring: Vinyl, Vinyl Plank, Carpet
- Has fireplace: No
Interior area
- Total structure area: 3,380
- Total interior livable area: 3,380 sqft
Video & virtual tour
Property
Parking
- Total spaces: 6
- Uncovered spaces: 6
Lot
- Size: 5,257 Square Feet
- Features: Paved, Cable TV, High Speed Internet
Details
- Parcel number: 8822900145
- Zoning description: Multi-Family,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Tri-plex
- Property subtype: Triplex, Multi Family
Materials
- See Remarks
- Foundation: Poured Concrete
- Roof: Built-Up
Condition
- Updated/Remodeled
- Year built: 1960
Utilities & green energy
- Sewer: Sewer Connected
- Water: Public
Community & HOA
Community
- Subdivision: Meadowbrook
Location
- Region: Seattle
Financial & listing details
- Price per square foot: $360/sqft
- Tax assessed value: $1,070,000
- Annual tax amount: $11,586
- Date on market: 4/4/2026
- Cumulative days on market: 152 days
- Listing terms: Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/25/2026 | Listed for sale | $1,216,800$360/sqft |
Source:  NWMLS as distributed by MLS GRID #2489986 Report a problem | ||
| 3/31/2026 | Pending sale | $1,216,800$360/sqft |
Source: NWMLS as distributed by MLS GRID #2489986 Report a problem | ||
| 3/10/2026 | Listed for sale | $1,216,800+15.9%$360/sqft |
Source: NWMLS as distributed by MLS GRID #2489986 Report a problem | ||
| 6/11/2019 | Sold | $1,050,000+31.3%$311/sqft |
Source: NWMLS as distributed by MLS GRID #1427738 Report a problem | ||
| 6/15/2018 | Sold | $800,000+0%$237/sqft |
Source: NWMLS as distributed by MLS GRID #1262834 Report a problem | ||
| 4/9/2018 | Pending sale | $799,950$237/sqft |
Source: Windermere Real Estate Co. #1262834 Report a problem | ||
| 3/26/2018 | Listed for sale | $799,950$237/sqft |
Source: Windermere Real Estate Co. #1262834 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,586 +10.6% | $1,070,000 +3.1% |
| 2024 | $10,479 +18.9% | $1,038,000 +18.1% |
| 2023 | $8,816 -3.1% | $879,000 -13.9% |
| 2022 | $9,097 +22.9% | $1,021,000 +35.8% |
| 2021 | $7,403 +9% | $752,000 +15.2% |
| 2020 | $6,793 -1.5% | $653,000 -3.3% |
| 2019 | $6,894 +9.6% | $675,000 -1.5% |
| 2018 | $6,290 -3.2% | $685,000 +10.7% |
| 2017 | $6,494 +51.8% | $619,000 +20% |
| 2016 | $4,278 | $516,000 +9.3% |
| 2015 | $4,278 | $472,000 +14% |
| 2014 | $4,278 | $414,000 +7.5% |
| 2013 | $4,278 | $385,000 +12.6% |
| 2012 | -- | $342,000 -10.7% |
| 2011 | -- | $383,000 +12% |
| 2010 | -- | $342,000 |
| 2009 | -- | $342,000 +13.2% |
| 2007 | -- | $302,000 +6% |
| 2006 | -- | $285,000 +7.1% |
| 2005 | -- | $266,000 +33.7% |
| 2001 | $2,369 -0.5% | $199,000 +4.7% |
| 2000 | $2,380 | $190,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Cedar Park
Similar homes
- $1,500,00010 bd8 ba4.8k sqft2600 NE 125th Street, Seattle, WA 98125Active
MLS ID #2567385, Jonathan D. Bye. NWMLS as distributed by MLS GRID - $1,425,00011 bd7 ba4.3k sqft12340 Sand Point Way NE, Seattle, WA 98125Active
MLS ID #2567375, Jonathan D. Bye. NWMLS as distributed by MLS GRID - $1,250,0008 bd4 ba3.5k sqft19837 25th Avenue NE, Shoreline, WA 98155Active
MLS ID #2563642, Aaron Locke. NWMLS as distributed by MLS GRID - $1,260,0008 bd4 ba2.9k sqft2110 NE 85th Street, Seattle, WA 98115Active
MLS ID #2506572, Senal M Perera. NWMLS as distributed by MLS GRID
