$2,150,000
Est. $11,909/mo8,711 sq ft
3055 NE 140th Street, Seattle, WA 98125
• Listed Oct 20, 2026•New today
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
Turnkey 10-unit Marella Apartments in Seattle’s Lake City neighborhood. All major capital projects are complete: fully re-sided with exterior paint, new roof and new windows (2023), new electrical panels (2025) and a new sewer line (2025-26), with updated common areas. Seven of ten units are renovated, leaving only three to turn. Professionally managed with zero vacancies and zero delinquencies, and all paperwork is in order: move-in reports, security deposits and last month’s rent on file. Eight 1BD/1BA (approx. 675 sf) and two 2BD/1BA (approx. 850 sf) units, plus 14 off-street parking spaces. Built 1968, effective year built 1992 per tax records, on an 8,480 sf lot. Large walk-in closets next to each hot water tank make adding in-unit washers and dryers easy. Close to Lake City Way shops, services and transit, with Stride bus rapid transit coming in 2028. 5.76% cap rate on in-place rents, 6.85% at market.
Listed by Grant Fosheim • Opal Blue Real Estate, LLC
Listing updated: October 20, 2026 at 01:32pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2596136
Around this home
How much should you offer?
3055 NE 140th Street, 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
- 8,711 sq ft
Income & expenses
- Gross scheduled income
- $189,900
- Total monthly income
- $15,825
- Additional monthly income
- $100
- Gross adjusted income
- $186,102
- Net operating income
- $123,866
- Cap rate
- 5.76%
- Gross rent multiplier
- 11.32
- Vacancy rate
- 2%
- Total expenses
- $62,236
- Insurance
- $4,053
- Electric
- $1,506
- Other expenses
- $24,585
- Water / sewer / garbage paid by
- 14866
Parking & storage
- Parking spaces
- 14
- Uncovered parking
- 7
- Covered spaces
- 7
Taxes & assessment
- Annual taxes
- $17,226
- 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
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 3055 NE 140th 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 20, 2026ListedNWMLS via MLS Grid · #2596136$2,150,000$247/sq ft
- Mar 18, 2020Recorded saleKing County recorder · Statutory warranty deed$1,863,800$214/sq ft
- Apr 1, 2016SoldNWMLS via MLS Grid · #889155$1,162,000$133/sq ft
- Feb 14, 2016PendingNWMLS via MLS Grid · #889155$1,175,000$135/sq ft
- Jan 28, 2016ListedNWMLS via MLS Grid · #889155$1,175,000$135/sq ft
- Apr 15, 2015Recorded saleKing County recorder · Statutory warranty deed$1,010,000$116/sq ft
Mortgage payment forecast
$13,883 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 60 days.
Recent sales nearby
Within 1 mile · last 6 months$997,500 Sold
1 week ago
4 bd•1.75 ba•~1,610 sq ft•Single Family
12032 38th Avenue NE, Seattle, WA 98125
0%
Over list
33
Days on market
1.0 mi
Distance
$680,000 Sold
3 weeks ago
3 bd•1 ba•~1,010 sq ft•Single Family
3830 NE 123rd Street, Seattle, WA 98125
0%
Over list
29
Days on market
0.9 mi
Distance
$1,165,000 Sold
3 weeks ago
6 bd•3.75 ba•~6,020 sq ft•Single Family
3601 NE 123rd Street, Seattle, WA 98125
9%
Under list
231
Days on market
0.9 mi
Distance
$550,000 Sold
3 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
4 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
0.6 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
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 20, 2026 at 4:00 PM PT (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.
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© 2026 Northwest Multiple Listing Service. All rights reserved.
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