$1,216,800
Est. $6,288/mo12317 35th Avenue Ne, Seattle, WA 98125
• Listed 2026-03-10•108 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
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.
Neighborhood mobility
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$7,558 per month
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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 9 days.
$815,000 Sold
8 weeks ago
5 bd•2.75 ba•~2,590 sq ft•Single Family
13324 30th Avenue Ne, Seattle, WA 98125
4%
Under list
—
Days on market
0.5 mi
Distance
$850,000 Sold
2 months ago
2 bd•1 ba•~670 sq ft•Single Family
13757 39th Avenue Ne, Seattle, WA 98125
3%
Under list
—
Days on market
0.9 mi
Distance
$850,000 Sold
2 months ago
•Single Family
13757 39th Avenue Ne, Seattle, WA 98125
3%
Under list
—
Days on market
0.9 mi
Distance
$680,000 Sold
2 months ago
3 bd•2.25 ba•~1,073 sq ft•Single Family
12531 25th Avenue Ne #c, Seattle, WA 98125
1%
Under list
—
Days on market
0.5 mi
Distance
$950,000 Sold
3 months ago
4 bd•1.75 ba•~1,708 sq ft•Single Family
11340 Alton Avenue Ne, Seattle, WA 98125
2%
Under list
—
Days on market
0.6 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
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Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Sep 2026
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of May 21, 2026 at 12:13pm (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2026 Northwest Multiple Listing Service. All rights reserved.
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Open houses
No upcoming open houses scheduled for this property.
Nearby open houses (3)
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Open Tue, Sep 8 +1$1,193,000
-$23,800 under list price
Nearby comparable homes
RexMont uses 3 strongest recent nearby sales, priced between $620K and $1.18M.
Rental earnings
$3,575/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.
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