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12030 32nd Ave NE
Seattle, WA 98125 Lake City

$1,280,000 USD

Apartments For Sale  •  4,418 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,615 SF
  • Lot Size 0.15 AC
  • Building Class C
  • Year Built 1959
  • Cap Rate 4.96 %
  • Zoning LR3 (M)
56 Transit Score
88 Walk Score

Highlights

Convenient Lake City/North Seattle location near the Burke Gilman Trail, Lake Washington, and the new Shoreline South light rail station
“Very Walkable” walk score of 88 – near restaurants, shops, and cafés
Extraordinarily well maintained – New roof, updated plumbing and electrical panels, dual pane vinyl windows
Oversized units – Average size of ±770 SF with large rooms, closets, and dining areas
Desirable features, including large decks, secured entry, and half the units have dishwashers; units updated on turnovers, and 1 unit is fully updated
Significant rent upside/low historical turnover

Property Flyers

Financial Summary (Actual)

Net Operating Income: $63,456 USD (2026)
Cap Rate: 4.96 %
Total Expenses: $31,392 USD

Amenities

  • Balcony
  • Controlled Access
  • Laundry Facilities
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Storage Space
  • Deck
  • Dining Room

Public Transportation

Commuter RailDriveWalkDistance
King Street (Seattle) Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) 17 min - 9.2 mi
AirportDriveWalkDistance
Seattle Paine Field International 30 min - 17.1 mi
Seattle-Tacoma International 36 min - 22.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 6
Type: Surface
Included in Rent: Yes
Dan Swanson 425-444-6501 Kidder Mathews
Dan Swanson 425-444-6501 Kidder Mathews