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  • 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
    : 
    Multi Family
    Built in 1957
    -- sqft lot
    $1,012,300 Zestimate®
    $330/sqft
    $-- HOA

    What's special

    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.
    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#: 2362878MLS Logo
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    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
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