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(206) 595-7188
Real Estate Company
712 N 143rd Street, Seattle, WA 98133
- $2,285,000
- 10,280
- SqFt
Listing Broker: Paragon Real Estate Advisors; Michael Urquhart; 206-812-9123; michael@paragonrea.com
- List Price
- $2,285,000
- Status
- ACTIVE
- MLS#
- 2596055
- Style
- 56 - 10+ Units
- Finished SqFt
- 10,280
- Area Total SqFt
- 10280
- Annual Tax Ammount
- 30563
- Lot Size (sq ft)
- 9,962
- Sewer
- Sewer Connected
Property Description
Windchime Apartments is a 14-unit apartment building at 712 N 143rd St in North Seattle's Bitter Lake neighborhood. Built in 1983 on a 9,962 SF lot zoned LR3(M), the three-story building offers 10,280 net rentable SF across eleven one-bedroom and three two-bedroom units. Recent capital improvements include a new TPO membrane roof (2023), upgraded electrical panels (2024) and replaced window panes (2025), with copper plumbing throughout. Unit 303 was fully renovated in September 2026 and Unit B1 was refreshed with new paint. The property has common laundry and eleven on-site parking stalls currently provided at no charge. In-place rents sit below market, with upside through unit upgrades on turnover, paid parking and a utility bill-back program. Nearby are the Shoreline South/148th light rail station, Bitter Lake, the Interurban Trail, Northgate Station and I-5. Some interior photos are virtually staged.
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Additional Information
- Community
- Bitter Lake
- Net Operating Income
- $125,206
- Gross Adjusted Income
- $219,530
- Gross Scheduled Income
- $226,320
- Total Monthly Income
- $18,860
- Insurance Expenses
- $14,778
- Water/Sewer/Garbage Expenses
- $19,050
- Gross Rent Multiplier
- 10.1
- Total Expenses
- $94,325
- Cap Rate
- 5.48
- Vacancy Rate
- 3
- Total Number of Units
- 14
- Unit Name
- 712
- Potential Terms
- Cash, Conventional
- Year Built
- 1983
- Roof
- Flat
- Other Expenses
- 29934
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $18,860
- Gross Scheduled Income
- $226,320
- Vacancy Rate
- 3
- Gross Adjusted Income
- $219,530
- Tax Year
- 2026
- Insurance Expense
- $14,778
- W/S/G Expenses
- $19,050
- Total Expenses
- $94,325
- Net Operating Income
- $125,206
- Gross Rent Multiplier
- 10.1
- Cap Rate
- 5.48
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.