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Listed by: Opal Blue Real Estate, LLC • Grant Fosheim • 425-359-7259

$2,150,000

3055 NE 140th Street, Seattle, WA 98125

12beds

10baths

8,711sqft

$12,934/mo

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Multi Family

Built in 1968

-- sqft lot

$-- Zestimate^®

$247/sqft

$-- HOA

What's special

Turnkey 10-unit Marella Apartments in Seattle’s Lake City neighborhood. All major capital projects are complete: fully re-sided with exterior paint, new roof and new windows (2023), new electrical panels (2025) and a new sewer line (2025-26), with updated common areas. Seven of ten units are renovated, leaving only three to turn. Professionally managed with zero vacancies and zero delinquencies, and all paperwork is in order: move-in reports, security deposits and last month’s rent on file. Eight 1BD/1BA (approx. 675 sf) and two 2BD/1BA (approx. 850 sf) units, plus 14 off-street parking spaces. Built 1968, effective year built 1992 per tax records, on an 8,480 sf lot. Large walk-in closets next to each hot water tank make adding in-unit washers and dryers easy. Close to Lake City Way shops, services and transit, with Stride bus rapid transit coming in 2028. 5.76% cap rate on in-place rents, 6.85% at market.

--: on Zillow
131: views
19: saves

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 12
Bathrooms: 10

Heating

Baseboard, Electric

Cooling

None

Features

Flooring: Laminate, Vinyl Plank, Carpet
Has fireplace: No

Interior area

Total structure area: 8,711
Total interior livable area: 8,711 sqft

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Property

Parking

Total spaces: 14
Carport spaces: 7
Uncovered spaces: 7

Features

Has view: Yes
View description: Territorial

Lot

Size: 8,481 Square Feet
Features: Corner Lot, Paved, Sidewalk

Details

Parcel number: 3821700135
Zoning description: Multi-Family,Jurisdiction: City
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: 10+ Units
Property subtype: Multi Family

Materials

Wood Products
Foundation: Poured Concrete
Roof: Flat

Condition

Good
Year built: 1968
Major remodel year: 1992

Utilities & green energy

Electric: Company: Seattle City Light
Sewer: Sewer Connected, Company: City of Seattle
Water: Public, Company: City of Seattle

Community & HOA

Community

Subdivision: Lake City

Location

Region: Seattle

Financial & listing details

Price per square foot: $247/sqft
Annual tax amount: $17,226
Date on market: 10/20/2026
Listing terms: Conventional

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
10/20/2026	Listed for sale	$2,150,000+14.4%$247/sqft
Source: NWMLS as distributed by MLS GRID #2596136 Report a problem
10/16/2019	Listing removed	$1,880,000$216/sqft
Source: Globenex Realty #1436887 Report a problem
6/19/2019	Listed for sale	$1,880,000$216/sqft
Source: Globenex Realty #1436887 Report a problem
5/28/2019	Pending sale	$1,880,000$216/sqft
Source: Globenex Realty #1436887 Report a problem
5/21/2019	Price change	$1,880,000-5.1%$216/sqft
Source: Globenex Realty #1436887 Report a problem
5/3/2019	Listed for sale	$1,980,000+70.4%$227/sqft
Source: Globenex Realty #1436887 Report a problem
4/1/2016	Sold	$1,162,000+105536.4%$133/sqft
Source: NWMLS as distributed by MLS GRID #889155 Report a problem
1/26/2016	Listing removed	$975
Source: CENTURY 21 North Homes Property Management Report a problem
1/11/2016	Price change	$975-2.5%
Source: CENTURY 21 North Homes Property Management Report a problem
12/22/2015	Listed for rent	$1,000
Source: CENTURY 21 North Homes Property Management Report a problem
5/5/2015	Listing removed	$1,100
Source: Century 21 North Homes Realty, Inc - WA #780940 Report a problem
5/3/2015	Listed for sale	$1,100
Source: Century 21 North Homes Realty, Inc - WA #780940 Report a problem