8848 Stone Avenue N, Seattle, WA 98103 (MLS # 2533806)
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We are pleased to present 8848 Stone Ave N, a pride-of-ownership 10-unit apartment community in Seattle's North Green Lake neighborhood. Built in 1988, the building offers a well-balanced unit mix of 2 studios, 4 one-bedrooms, and 4 two-bedrooms "” spacious floor plans filled with natural light and equipped with in-unit laundry throughout. Durable building systems include copper plumbing, a Siemens electric panel, and a 2021 roof replacement, delivering a new owner a clean operational foundation with minimal deferred maintenance. A secured entry system and fully fenced rear parking lot with 10 assigned spaces complete a resident experience that is low-friction and well managed. In-place rents currently sit approximately 15% below market, presenting an immediate opportunity for a new owner to close that gap through disciplined lease management alone. For investors with a light renovation appetite, the one-bedroom and two-bedroom units present the most compelling upside "” rehabbed rents on those unit types are projected to achieve premiums of 21% and 32% respectively above current in-place rents, a return profile that meaningfully repositions the asset's income and long-term value.
| LAST UPDATED | 6/2/2026 | TRACT | Licton Springs |
|---|---|---|---|
| YEAR BUILT | 1988 | COMMUNITY | Licton Springs |
| COUNTY | King | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | 705 - Ballard/Greenlake |
| CONSTRUCTION | Metal Siding, Vinyl Siding |
| HEAT | Baseboard, Electric |
| LOT | 6151 sq ft |
| LOT DESCRIPTION | Curbs, Paved, Sidewalk |
| MLS STATUS | Active |
| STORIES | 3 |
| STYLE | 56 - 10+ Units |
| SUBDIVISION | Licton Springs |
| TAXES | 19251 |
| UTILITIES | Sewer Connected |
| ZONING | Multi-Family |
| SATELLITE VIEW |
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Properties with the 
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Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 6/9/26 9:42 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.
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