SELLER FINANCING AVAILABLE - attractive terms: 25% down payment and 5% interest-only payments for five years. 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.
Active
Listed by:
Ben Douglas,
Paragon Real Estate Advisors,
Michael Urquhart,
Paragon Real Estate Advisors
$1,050,000
8821 35th Avenue SW, Seattle, WA 98126
8beds
5baths
3,180sqft
Est.:
Multi Family
Built in 1957
-- sqft lot
$1,012,300 Zestimate®
$330/sqft
$-- HOA
What's special
- 7 days
- on Zillow |
- 518 |
- 29 |
Zillow last checked: 7 hours ago
Listing updated: May 05, 2025 at 11:13am
Offers reviewed: May 12
Listed by:
Ben Douglas,
Paragon Real Estate Advisors,
Michael Urquhart,
Paragon Real Estate Advisors
Source: NWMLS,MLS#: 2362878

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 5
Heating
- Radiant
Cooling
- None
Features
- Has fireplace: No
Interior area
- Total structure area: 3,180
- Total interior livable area: 3,180 sqft
Property
Parking
- Total spaces: 5
- Parking features: Open
- Uncovered spaces: 5
Lot
- Size: 6,050.48 Square Feet
Details
- Parcel number: 24912000100
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Wood Siding
- Roof: Flat
Condition
- Year built: 1957
Utilities & green energy
- Sewer: Sewer Connected
Community & HOA
Community
- Subdivision: West Seattle
Location
- Region: Seattle
Financial & listing details
- Price per square foot: $330/sqft
- Annual tax amount: $10,883
- Offers reviewed: 05/12/2025
- Date on market: 5/4/2025
- Listing terms: Cash Out,Conventional,Owner Will Carry
- Cumulative days on market: 8 days
- Loading
- Loading