3055 NE 140th Street · Seattle, WA 98125
Source: NWMLS · Opal Blue Real Estate, LLC · Grant Fosheim #NWM2596136
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.
Location
Basics
- Property type
- Multi Family
- Style
- 10+ Units
- Stories
- 3 stories
- Condition
- Good
- Year built
- 1968 (renovated 1992)
- Building area
- 8,711 sq ft
- Lot size
- 8,480 sq ft (0.19 acres)
- County
- King
- MLS #
- NWM2596136
Interior
- Heating
- Baseboard
- Cooling
- None
- Flooring
- Laminate, Vinyl Plank, Carpet
Exterior & lot
- Exterior features
- Wood Products
- Roof
- Flat
- Foundation
- Poured Concrete
- Lot features
- Corner Lot, Paved, Sidewalk
- View
- Territorial
- Waterfront
- No
Parking
- Parking spaces
- 14
- Covered spaces
- 7
Utilities
- Water
- Public
- Sewer
- Sewer Connected
- Power
- Electric
Community & fees
- Subdivision
- Lake City
- Property tax
- $17,226 (2026)
Transaction
- Listed on
- Oct 20, 2026
- Days active
- 26
- Listing terms
- Cash, Conventional
- Possession
- Subject To Tenant Rights
More homes nearby
Sale history
Earlier listings of this home on the MLS.
- 2016-04-01
- Sold$1,162,000
Schools
School district: Seattle
- Elementary
- Buyer To Verify
- Middle
- Buyer To Verify
- High
- Nathan Hale High SchoolSchoolDigger 4 stars · Top 12% in WA
Listing provided courtesy of: Opal Blue Real Estate, LLC
Listing agent: Grant Fosheim.
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Data last updated 2026-10-20.