12340 Sand Point WAY NE, Seattle, WA 98125
12340 Sand Point WAY NE, Seattle, WA 98125
12340 Sand Point WAY NE, Seattle, WA 98125
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Josh Barnard

Josh Barnard

+1(253) 677-5765
Listed by:John L. Scott, Inc • Jonathan D. Bye
$1,425,000
Est. payment /mo
11 Beds
7 Baths
4,350 SqFt
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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

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Josh Barnard

Josh Barnard

+1(253) 677-5765

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