$2,250,000
Est. $12,463/mo12,566 sq ft
14333 32nd Avenue NE, Seattle, WA 98125
• Listed Oct 9, 2026•1 day active · 1 cumulative
Listing Broker: Opal Blue Real Estate, LLC; Grant Fosheim; 425-359-7259; Grant@OpalBlueRE.com
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Listing Broker: Opal Blue Real Estate, LLC; Grant Fosheim; 425-359-7259; Grant@OpalBlueRE.com
About this home
The Kensington, is 10-unit, three-story apartment building in Seattle's Lake City neighborhood, offered at approximately $214 per square foot. With a in place monthly income of nearly $19,000/mo. Unusually large units set it apart: (6) 2bd/1ba at approx. 1,100 SF and (4) 1bd/1ba at approx. 950 SF, each with a private balcony or patio. The property delivers a 6.20% cap rate today and a 7.54% cap rate at market. Recent capital improvements include a new roof (2023), plumbing upgrades, upgraded common areas, and new storage lockers. The building also has double pane vinyl windows throughout. Only one of the ten units has been renovated, so a buyer has a clear path to growing rents as units turn, with already strong in-place rents of $1,625 to $2,050 against market rents of $1,790 and $2,250 (assuming in-unit washer/dryers). Additional upside comes from charging for the 16 parking spaces and renting out all 9 storage lockers. Large units, a strong cap rate, and ample CapEx improvements all in an attractive and growing market make this a smart investment for anybody looking to expand their portfolio.
Listed by Grant Fosheim • Opal Blue Real Estate, LLC
Listing updated: October 9, 2026 at 12:13pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2591168
Around this home
How much should you offer?
14333 32nd Avenue NE, Seattle, WA 98125
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
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.
Property details
Layout
- 10+ Units
Flooring
- Laminate
- Vinyl Plank
- Carpet
Heating & cooling
- Baseboard heating
- None cooling
Schools
Ratings via SchoolDiggerSeattle School District
- Buyer To VerifyPublic · Grades Elementary—
- Buyer To VerifyPublic · Grades Middle—
- Buyer To VerifyPublic · Grades High—
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
Multi-family facts
As entered by the listing broker on Northwest MLS
Units
- Total units
- 10
- Units in building
- 10
- Units below grade
- false
- Building square feet
- 12,566 sq ft
Income & expenses
- Gross scheduled income
- $225,876
- Total monthly income
- $18,823
- Additional monthly income
- $273
- Gross adjusted income
- $221,358
- Net operating income
- $137,914
- Cap rate
- 6.2%
- Gross rent multiplier
- 9.85
- Vacancy rate
- 2%
- Total expenses
- $83,461
- Insurance
- $5,737
- Electric
- $2,158
- Other expenses
- $28,805
- Water / sewer / garbage paid by
- 24615
Parking & storage
- Parking spaces
- 16
- Uncovered parking
- 16
Taxes & assessment
- Annual taxes
- $22,146
- Tax year
- 2026
- Financing
- Cash, Conventional
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
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Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
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Sales & Tax Records for 14333 32nd Avenue NE
NWMLS via MLS Grid · King County AssessorEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Oct 9, 2026ListedNWMLS via MLS Grid · #2591168$2,250,000$179/sq ft
- Jan 4, 2019SoldNWMLS via MLS Grid · #1363900$2,500,000$199/sq ft
- Oct 5, 2018PendingNWMLS via MLS Grid · #1363900$2,400,000$191/sq ft
- Sep 19, 2018ListedNWMLS via MLS Grid · #1363900$2,400,000$191/sq ft
- Dec 28, 2001SoldNWMLS via MLS Grid · #21103270$765,000$61/sq ft
- Sep 20, 2001PendingNWMLS via MLS Grid · #21103270$825,000$66/sq ft
Mortgage payment forecast
$14,872 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
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Listing Broker: Opal Blue Real Estate, LLC; Grant Fosheim; 425-359-7259; Grant@OpalBlueRE.com
Market pulse
Seattle is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 51 days.
Recent sales nearby
Within 1 mile · last 6 months$550,000 Sold
2 weeks ago
3 bd•3 ba•~1,571 sq ft•Single Family
14356 19th Avenue NE, Seattle, WA 98125
0%
Over list
35
Days on market
0.7 mi
Distance
$1,063,000 Sold
2 weeks ago
4 bd•2.75 ba•~2,500 sq ft•Single Family
12569 37th Avenue NE, Seattle, WA 98125
0%
Over list
121
Days on market
0.9 mi
Distance
$1,010,000 Sold
5 weeks ago
4 bd•2.5 ba•~1,990 sq ft•Single Family
12544 25th Avenue NE, Seattle, WA 98125
2%
Under list
50
Days on market
0.9 mi
Distance
$410,000 Sold
6 weeks ago
1 bd•0.75 ba•~320 sq ft•Single Family
13337 25th Avenue NE, Seattle, WA 98125
4%
Under list
69
Days on market
0.6 mi
Distance
$720,000 Sold
7 weeks ago
3 bd•1 ba•~1,360 sq ft•Single Family
12515 25th Avenue NE, Seattle, WA 98125
1%
Under list
55
Days on market
1.0 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 Oct 2026
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 9, 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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