12317 35th Avenue NE

Seattle, WA 98125

  • Bed

  • Bath

  • 3380 SqFt

  • 0 DOM

  • Built: 1960

  • Status: Active

$1,216,800

X

12317 35th Avenue NE

Seattle 98125

$1216800

  • Bed

  • Bath

  • 3380 SqFt

  • 0 DOM

  • Built: 1960

  • Status: Active

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Srinivas Kasam

CEO & Founder

(650)533-3259

Investor-Ready Triplex in Meadowbrook’s LR3(M) Growth Zone Cash-flowing 1960 triplex on a quiet Meadowbrook street—three identical 3-bed/1-bath units (1,100 SF each), two leased through 2026 at $2,225/month ($6,675/mo GSR, $80,100 annual), one vacant for immediate repositioning or owner occupancy. Each unit includes in-unit laundry; tenants pay all utilities (electric + RUBS for sewer/water/garbage). Seven dedicated parking spaces (two per unit plus one spare). Extensively updated 2019–2026: all units feature newer vinyl windows (2019), kitchen/bath cabinets (2019), and appliances. Recent capital improvements include PEX replumbing (2024), water heaters (2020–2024), GFCI upgrades, new carpet/vinyl flooring, interior paint refreshes, and redirected downspout drainage (2026). Major deferred maintenance already handled—minimal CapEx ahead. Zoned LR3(M) in Seattle’s targeted high-density growth corridor. Meadowbrook offers serene tree-lined streets with investor-friendly transit: rapid buses within 5-minute walk, 10 minutes to Northgate light rail, Burke-Gilman Trail bike access, and Lake City Way retail/dining. Ideal for small investors seeking stable cash flow or portfolio consolidation plays. No rent control; clean repositioning opportunity.

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Residence Information

  • 3380

  • Built-Up

  • 53 - Tri-plex

  • 1960

  • Poured Concrete

Features and Utilities

  • See Remarks

  • Public

  • Sewer Connected

  • 0

Financial

  • 11586

  • Cash, Conventional

  • 03-10-2026

Comparable Information

  • 0

  • 0

  • Cash, Conventional

  • $1,216,800

  • $1,216,800

  • Mar 10, 2026 17:51

Schools

Map

Listing courtesy of MLS4owners.com.

The content relating to real estate for sale on this site comes in part from the IDX program of the NWMLS of Seattle, Washington. Real Estate listings held by brokerage firms other than this firm are marked with the NWMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 NWMLS of Seattle, Washington. All information provided is deemed reliable but is not guaranteed and should be independently verified. Kasamestates data last checked: Mar 10, 2026 10:55 | Listing last modified Mar 10, 2026 17:51. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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