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Listed by:John L. Scott, Inc • Jonathan D. Bye
$ 1,425,000
Est. payment /mo
New
12340 Sand Point WAY NE Seattle, WA 98125
11 Beds
7 Baths
4,350 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,350 sqft
Price per Sqft $327
Subdivision Matthews Beach
MLS Listing ID 2567375
Style 55 - 5-9 Units
Bedrooms 11
Year Built 1930
Annual Tax Amount $14,879
Lot Size 5,633 Sqft
Property Sub-Type Multi Family
Property Description
Sandpoint Way Apartments is a well-maintained multifamily community in Seattle's desirable Sandpoint neighborhood, offering a diverse mix of one-, two-, and three-bedroom residences averaging approximately 821 square feet. Larger-than-average unit sizes provide broad appeal to healthcare workers while supporting strong tenant retention and leasing performance. Many residences enjoy premium Lake Washington views, enhancing the property's appeal and supporting rental premiums. The community is ideally located approximately one-half mile from the Burke-Gilman Trail and less than two miles from Matthews Beach Park, Seattle's largest freshwater swimming beach. Ownership has completed significant capital improvements, including a roof replacement within the last six years, Cutler-Hammer electrical panels, and primarily copper plumbing throughout, reducing near-term capital needs and supporting operational stability. The property is also conveniently located near major employment and institutional drivers, including the University of Washington, Seattle Children's Hospital, and the growing Magnuson Park corridor. The combination of desirable views, spacious units, recent improvements, and strong Northeast Seattle fundamentals makes Sandpoint Way Apartments a compelling multifamily investment opportunity.
Location
State WA
County King
Area 710 - North Seattle
Interior
Fireplace false
Exterior
Exterior Feature Metal/Vinyl
View Y/N No
Roof Type Composition
Building
Lot Description Paved
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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