$1,216,800
Est. $6,134/mo12317 35th Avenue Ne, Seattle, WA 98125
• Listed 2026-03-10•28 days on market
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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.
Listed by Chris C. Nye • MLS4owners.com
Listing updated: May 21, 2026 at 12:13pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2489986
$700,000
-$516,800 under list price
Nearby comparable homes
RexMont uses 3 strongest recent nearby sales, priced between $620K and $1.18M.
Rental earnings
$2,100/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.

$1,175,000Last sold price
10523 Exeter Avenue Ne, Seattle, WA 98125

$700,000Last sold price
10217 12th Avenue Ne, Seattle, WA 98125
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
12317 35th Avenue Ne, Seattle, WA 98125
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
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$1,399,000
4510 Thackeray Ne, Seattle, WA 98105
Esra Como · Every Door Real Estate

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Mary Burns · Real Broker LLC

$1,000,000
9104 28th Avenue Nw, Seattle, WA 98117
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$1,495,000
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Sean Boe · Windermere RE/City Group

$1,489,000
315 W Galer Street #102, Seattle, WA 98119
Ben Carr · Windermere Real Estate Co.

$939,000
300 Virginia Street #2411, Seattle, WA 98121
Lin Shen · Sea to Sky Realty
Seattle is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 8 days.
$637,500 Sold
7 weeks ago
2 bd•1.5 ba•~977 sq ft•Single Family
13047 39th Avenue Ne #b, Seattle, WA 98125
2%
Under list
—
Days on market
0.5 mi
Distance
$1,050,000 Sold
8 weeks ago
•Single Family
13045 Lake City Way Ne, Seattle, WA 98125
9%
Under list
—
Days on market
0.4 mi
Distance
$500,000 Sold
2 months ago
2 bd•2 ba•~1,160 sq ft•Single Family
12018 31st Avenue Ne, Seattle, WA 98125
0%
Over list
—
Days on market
0.2 mi
Distance
$624,950 Sold
5 months ago
2 bd•1 ba•~1,082 sq ft•Single Family
13544 39th Avenue Ne #b, Seattle, WA 98125
4%
Under list
—
Days on market
0.7 mi
Distance
$1,199,950 Sold
5 months ago
4 bd•2.5 ba•~2,529 sq ft•Single Family
13546 39th Avenue Ne, Seattle, WA 98125
0%
Under list
—
Days on market
0.7 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jun 2026
School information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.