Sold
Last Sold Price
3,180 sqft

8821 35th Ave SW, Seattle, WA 98126

Multi FamilyProperty Type
0.14 acresLot Size
1957Year Built
$340/sq ftPrice per sq ft
5 carsParking Spaces

Description

SELLER FINANCING AVAILABLE - attractive terms: 25% down payment and 5% interest-only payments for five years. This well-located 5-unit property offers a compelling value-add investment opportunity through both operational improvements and unit renovations. A new owner can unlock immediate upside by implementing a utility bill-back system for water, sewer, and garbage, as well as charging for storage and reserved off-street parking. Additionally, completing full unit renovations and bringing rents...SELLER FINANCING AVAILABLE - attractive terms: 25% down payment and 5% interest-only payments for five years. This well-located 5-unit property offers a compelling value-add investment opportunity through both operational improvements and unit renovations. A new owner can unlock immediate upside by implementing a utility bill-back system for water, sewer, and garbage, as well as charging for storage and reserved off-street parking. Additionally, completing full unit renovations and bringing rents up to market levels provides a clear path to repositioning the asset and enhancing long-term returns. The property is part of phase 2 of the Seattle One Plan upzone. The proposed zoning is LR3 which creates future development potential.
  • Listed by: Ben Douglas 206.623.8880 ben@paragonrea.com • Paragon Real Estate Advisors
  • Listed by: Michael Urquhart 206.623.8880 michael@paragonrea.com • Paragon Real Estate Advisors
Listing closed: 06/09/2025 12:00 AM • Source: NWMLS as distributed by MLS GRID, MLS#: 2362878
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Recent comparable sales

Median sold price

$1,025,000

Avg days on market

57

Sale-to-list ratio

96.7%

Seattle, WA

9 comparable properties found

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Square Feet
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$909,000 | 4556 Delridge Way Southwest, Seattle, WA 98106
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a front view of a house with lots of outdoor space
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a white house with a small yard and large trees
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Location

Listing Courtesy of Paragon Real Estate Advisors

Sold By Paragon Real Estate Advisors

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$6,673 per month

30 year fixed, 7.03% Interest

Principal and Interest

$5,766

Property Taxes

$907

HOA Dues

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Property Information for 8821 35th Avenue Southwest

Property Details

  • Taxes: $10,883 / year
  • MLS Type: Residential Income
  • County: King County
  • Community Name: West Seattle
  • School District: Seattle
  • Number of Assigned Spaces: 5
  • Total Covered Parking: 0
  • Offers Review Date: 05-12-2025
  • Entry Date: 05-05-2025
  • Energy Source: Electric
  • Sewer: Sewer Connected

Building Information

  • Stories: 1
  • Residences: 5
  • Year Built: 1957
  • Lot Size: 0.14 AC / 6,050 SF

Summary

Location and General Information
  • Style: 55 - 5-9 Units
  • Area: 140 - West Seattle
  • Directions: From downtown Seattle, take 1st Ave to Alaskan Way S. Take Hwy 99 S/WA-99 S and W Seattle Brg to 35th Ave SW.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 5.0
  • Open Parking: Yes

Interior and Exterior Features

Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
  • Bedrooms Possible: 0
Interior Features
  • Fireplaces Total: 0
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Radiant
Exterior Features
  • Exterior: Brick, Wood
  • Roof: Flat

Property

Utilities
  • Water/Sewer/Garbage: 9067
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Preliminary Title Ordered: No
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 30
Lot Information
  • Lot Size Source: Public Records
  • Parcel Number Free Text: 24912000100
  • Calculated Square Footage: 3180
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 3180.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No

Multi Family

Building Details
  • Number of Uncovered Spaces: 5
  • Number of Stories in Building: 1
  • Vacancy Rate: 5
  • Number Of Units Total: 5
  • Units Below Grade: false
  • Units In Building Total: 5
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 39028
  • Gross Adjusted Income: 89490
  • Gross Rent Multiplier: 11.15
  • Gross Scheduled Income: $94,200
  • Insurance Expense: $8,428
  • Net Operating Income: $50,462
  • Other Expenses: $10,650
  • Total Monthly Income: 7850
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 1
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Square Feet Unit 1: 660
  • Rent Unit 1: $1,700.00
Unit 2
  • Name Unit 2: 2
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Square Feet Unit 2: 660
  • Rent Unit 2: $1,700.00
Unit 3
  • Name Unit 3: 3
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Square Feet Unit 3: 600
  • Rent Unit 3: $1,375.00
Unit 4
  • Name Unit 4: 4
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Square Feet Unit 4: 600
  • Rent Unit 4: $1,295.00
Unit 5
  • Name Unit 5: 5
  • Range/Oven Unit 5: true
  • Refrigerator Unit 5: true
  • Square Feet Unit 5: 660
  • Rent Unit 5: $1,650.00

Rental

Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 3180.0
  • Leasable Area Units: Square Feet

Property History for 8821 35th Avenue Southwest

DateEvent & SourcePriceAppreciation
Jun 9, 2025

Sold

NWMLS #2362878

$1,080,000—
Jun 5, 2025

Sold (Public Record)

Public Record #1559012760

$1,078,500

+4.7% / yr

May 20, 2025

Pending

NWMLS #2362878

—
DateEvent & SourcePrice
06/09/2025

Sold

NWMLS #2362878

$1,080,000
06/05/2025

Sold (Public Record)

Public Record #1559012760

$1,078,500

+4.7% / yr

05/20/2025

Pending

NWMLS #2362878

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 8821 35th Avenue Southwest

Taxable Value

Land

$332,700

Additions

$745,800
Total$1,078,500

Tax Record

2026

$11,872 ($989 / month)

Home Facts

Total Finished SqFt

3,184 SqFt

Above Ground SqFt

3,184 SqFt

Stories

1

Lot Size

6,050 SqFt

Style

Multi-Family Res (5+ Units)

Year Built

1957

Year Renovated

1988

Zoning

NR3

County

KING

APN

249120-0100

Schools near 8821 35th Avenue Southwest

This home is within Seattle Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 12
Rating
School
Distance
Arbor Heights Elementary School
PublicPK to 5

Denny Middle School
Public6 to 8

Chief Sealth High School
Public9 to 12

Residential Consortium
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Paragon Real Estate Advisors

Based on information submitted to the MLS GRID as of 07/10/2025 04:04 AM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.