3055 NE 140th Street, Seattle, WA 98125 (MLS # 2596136)

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Listing provided courtesy of Northwest MLS; Opal Blue Real Estate, LLC

PRICE $2,150,000
BEDS 0
BATHS 0
HOME SIZE 8,711 sqft
LOT SIZE 8,482 sqft
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Turnkey 10-unit Marella Apartments in Seattle's Lake City neighborhood. All major capital projects are complete: fully re-sided with exterior paint, new roof and new windows (2023), new electrical panels (2025) and a new sewer line (2025-26), with updated common areas. Seven of ten units are renovated, leaving only three to turn. Professionally managed with zero vacancies and zero delinquencies, and all paperwork is in order: move-in reports, security deposits and last month's rent on file. Eight 1BD/1BA (approx. 675 sf) and two 2BD/1BA (approx. 850 sf) units, plus 14 off-street parking spaces. Built 1968, effective year built 1992 per tax records, on an 8,480 sf lot. Large walk-in closets next to each hot water tank make adding in-unit washers and dryers easy. Close to Lake City Way shops, services and transit, with Stride bus rapid transit coming in 2028. 5.76% cap rate on in-place rents, 6.85% at market.

LAST UPDATED 10/20/2026 TRACT Lake City
YEAR BUILT 1968 COMMUNITY Lake City
COUNTY King STATUS Active
PROPERTY TYPE(S) Multi Family

SCHOOLS
Elementary School Buyer To Verify
Jr. High School Buyer To Verify
High School Buyer To Verify


ADDITIONAL DETAILS
AIR None
AREA 710 - North Seattle
HEAT Baseboard, Electric
LOT 8481 sq ft
LOT DESCRIPTION Corner Lot, Paved, Sidewalk
MLS STATUS Active
STORIES 3
STYLE 56 - 10+ Units
SUBDIVISION Lake City
TAXES 17226
UTILITIES Sewer Connected
VIEW Yes
VIEW DESCRIPTION Territorial
WATER Public
ZONING Multi-Family

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 10/20/26 3:49 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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