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  • Listed by: 

    Ben Douglas,

    Paragon Real Estate Advisors,

    Michael Urquhart,

    Paragon Real Estate Advisors

    Bought with: Paragon Real Estate Advisors
    $1,080,000

    8821 35th Avenue SW, Seattle, WA 98126

    --beds
    --baths
    3,180sqft
    Multi Family
    Built in 1957
    -- sqft lot
    $1,071,900 Zestimate®
    $340/sqft
    $3,224 Estimated rent

    Home value

    $1,071,900

    $986,000 - $1.16M

    $3,224/mo

    Zestimate® history
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    $6,456/mo

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    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.

    Zillow last checked: 8 hours ago

    Listing updated: July 10, 2025 at 04:04am

    Offers reviewed: May 12
    Listed by:

    Ben Douglas,

    Paragon Real Estate Advisors,

    Michael Urquhart,

    Paragon Real Estate Advisors

    Bought with:

    Michael Urquhart, 135356

    Paragon Real Estate Advisors

    Ben Douglas, 22013305

    Paragon Real Estate Advisors

    Source: NWMLS,MLS#: 2362878MLS Logo

    Facts & features

    Interior

    Heating
    • Radiant, Electric
    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 sqft
    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 & neighborhood

    Location
    • Region: Seattle
    • Subdivision: West Seattle

    Other

    Other facts
    • Listing terms: Cash Out,Conventional,Owner Will Carry
    • Cumulative days on market: 16 days

    Price history

    DateEventPrice
    6/9/2025Sold$1,080,000+2.9%$340/sqft
    Source: NWMLS #2362878
    5/20/2025Pending sale$1,050,000$330/sqft
    Source: NWMLS #2362878
    5/5/2025Listed for sale$1,050,000+139.2%$330/sqft
    Source: NWMLS #2362878
    9/13/2024Listing removed$1,375
    Source: Zillow Rentals
    8/14/2024Price change$1,375-3.5%
    Source: Zillow Rentals

    Public tax history

    Tax history is unavailable.

    Neighborhood: Fauntleroy

    Nearby schools

    GreatSchools rating
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    An equal housing lender. NMLS #10287.

    Sell for more on Zillow
    Get a free Zillow Showcase℠ listing and you could sell for .
    $1,071,900
    2% more+ $21,438
    With Zillow Showcase(estimated)
    $1,093,338