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.
| MLS # | 2489986 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1960 |
| Days On Site | 183 |
| Listing Provided By | MLS4owners.com | Chris C. Nye |
| SQ Feet | 3,380 |
|---|---|
| Story(s) | 2 |
| Units | 3 |
| Zoning | Multi-Family |
| Acreage | 0.12 |
| Property | 11586 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98125 |
| Area | 710 North Seattle |
| Community Name | Meadowbrook |
| Listing VS Median (in Meadowbrook) | |
Price: $1,216,800 low | high Med: $1,050,000 sqft: 3,380 low | high Med: 1,610 $ / sqft: $360 low | high Med: $652 On site: 183 low | high Med: 62 | |
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98125 |
| Area | 710 North Seattle |
| Community Name | Meadowbrook |
| Listing VS Median (in Meadowbrook) | |
Price: $1,216,800 low | high Med: $1,050,000 sqft: 3,380 low | high Med: 1,610 $ / sqft: $360 low | high Med: $652 On site: 183 low | high Med: 62 | |
![]() | $1,250,00012011 36th AvenueSeattle, WA 98125 |
![]() | $1,250,00012011 36th AvenueSeattle, WA 98125 |
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