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About the Listing 6432 - 132699,38708
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.
Listing Highlights
Interior Details
- Bedrooms: 12
- Bathrooms: 10 Full
- Appliances:
- Air Cond:
- Heating: Baseboard
- Fireplaces: 0
- Floor: Vinyl,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Seattle Public Utilities
Exterior Details
- Lot Description: Curbs,Paved,Sidewalk,Deck,Fenced-Partially,High Speed Internet,Sprinkler System,Zoning: Multi-Family
- Garage Capacity: N/A
- Parking Spaces: 10
- Zoning: Multi-Family
- Roof: Torch Down
- Others: Metal/Vinyl,Very Good
- Sewer: Seattle Public Utilities
Financial Details
- Tax Amount: $19,251
- Taxes w/Assessments: N/A
- Tax/Property ID: 0993000215
- Tax Year: 2026
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
8848 Stone Ave N Seattle, WA 98103
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