$1,450,000
Est. $8,032/mo4,360 sq ft
2108 NE 85th Street, Seattle, WA 98115
• Listed Oct 13, 2026•New today
Listing Broker: Opal Blue Real Estate, LLC; Grant Fosheim; 425-359-7259; Grant@OpalBlueRE.com
Talk to a local RexMont expert
A local broker replies within minutes
Work with a Seattle real estate agent or a Seattle buyer's agent on this home. Selling first? Start with sell my house in Seattle or your Seattle home value.
Listing Broker: Opal Blue Real Estate, LLC; Grant Fosheim; 425-359-7259; Grant@OpalBlueRE.com
About this home
Six-unit apartment building in Seattle’s Wedgwood neighborhood, well managed with zero vacancies and zero delinquencies. All paperwork is in order, with pre-screened tenants, move-in reports, healthy security deposits and last month’s rent on file. Five of the six units have been renovated with new LVP, fresh paint and updated electrical packages, and three of those five also have remodeled kitchens and bathrooms. Major system updates include new electrical panels (2025), main sewer line replaced (2022), double-pane vinyl windows throughout (2025) and newer hot water tanks (2023). The heavy lifting is complete, allowing a new owner to take over operations with ease. The mix is two 1BD/1BA units (approx. 580 sf) and four 2BD/1BA units (approx. 800 sf) on a 7,841 sf lot. A large basement provides shared laundry and four storage units, and six off-street parking spaces offer additional income potential. The property is surrounded by new construction, reflecting continued investment in the area. Located in an established Northeast Seattle neighborhood near Green Lake, Seattle Children’s Hospital, the University of Washington, I-5 and the Roosevelt light rail station. Solid in-place rents produce a 5.74% cap rate today. By finishing renovations as units turn over and adding in-unit washers and dryers to the 2BD units, a new owner has a clear path to a 7.13% cap rate at market rents.
Listed by Grant Fosheim • Opal Blue Real Estate, LLC
Listing updated: October 13, 2026 at 11:13am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2593779
Around this home
How much should you offer?
2108 NE 85th Street, Seattle, WA 98115
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
- 5-9 Units
Flooring
- Laminate
- Vinyl
- 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
- 6
- Units in building
- 6
- Units below grade
- false
- Building square feet
- 4,360 sq ft
Income & expenses
- Gross scheduled income
- $120,540
- Total monthly income
- $9,970
- Additional monthly income
- $75
- Gross adjusted income
- $118,129
- Net operating income
- $83,222
- Cap rate
- 5.74%
- Gross rent multiplier
- 12.03
- Vacancy rate
- 2%
- Total expenses
- $34,907
- Insurance
- $3,205
- Electric
- $749
- Other expenses
- $10,732
- Water / sewer / garbage paid by
- 9040
Parking & storage
- Parking spaces
- 6
- Uncovered parking
- 6
Taxes & assessment
- Annual taxes
- $11,181
- Tax year
- 2023
- 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
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
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.
Opens with the report above.
Sales & Tax Records for 2108 NE 85th Street
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 13, 2026ListedNWMLS via MLS Grid · #2593779$1,450,000$333/sq ft
- Mar 22, 2017SoldNWMLS via MLS Grid · #1046472$1,225,000$281/sq ft
- Feb 22, 2017PendingNWMLS via MLS Grid · #1046472$1,350,000$310/sq ft
- Oct 26, 2016ListedNWMLS via MLS Grid · #1046472$1,350,000$310/sq ft
Mortgage payment forecast
$9,327 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%.
Ask about this home
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
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 52 days.
Recent sales nearby
Within 1 mile · last 6 months$675,000 Sold
5 days ago
2 bd•1 ba•~635 sq ft•Single Family
917 NE 72nd Street, Seattle, WA 98115
2%
Over list
42
Days on market
0.9 mi
Distance
$965,000 Sold
5 days ago
4 bd•2.25 ba•~2,379 sq ft•Single Family
843 NE 81st Street, Seattle, WA 98115
0%
Over list
28
Days on market
0.7 mi
Distance
$1,070,000 Sold
1 week ago
3 bd•2 ba•~1,810 sq ft•Single Family
7019 Ravenna Avenue NE, Seattle, WA 98115
0%
Over list
19
Days on market
0.7 mi
Distance
$910,000 Sold
2 weeks ago
3 bd•2.75 ba•~2,020 sq ft•Single Family
7510 26th Avenue NE, Seattle, WA 98115
0%
Over list
—
Days on market
0.6 mi
Distance
$1,275,000 Sold
2 weeks ago
3 bd•3 ba•~2,379 sq ft•Single Family
2415 NE 77th Street, Seattle, WA 98115
2%
Under list
49
Days on market
0.4 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 13, 2026 at 11:13am (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.
HO
Equal Housing Opportunity. RexMont Real Estate is pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.
