Parkwood Homes with Seattle School District

Parkwood Homes with Seattle School District

Welcome to Parkwood, a charming neighborhood nestled in the heart of Seattle, Washington. Known for its serene atmosphere and lush greenery, Parkwood is the perfect blend of urban convenience and suburban tranquility. This inviting community is characterized by its tree-lined streets, friendly neighbors, and a strong sense of community spirit, making it an ideal place for families, young professionals, and retirees alike.

One of the standout features of Parkwood is its proximity to some of the best amenities Seattle has to offer. Residents enjoy easy access to a variety of parks, shopping centers, and dining options, ensuring that everything you need is just a stone's throw away. The nearby parks provide ample opportunities for outdoor activities, whether it’s a leisurely stroll, a picnic with family, or a weekend hike.

Families will be delighted to know that Parkwood falls within the highly regarded Seattle School District. This means children have access to quality education and a range of extracurricular activities that foster growth and development. The schools in the area are known for their dedicated staff and commitment to academic excellence, making Parkwood an excellent choice for families prioritizing education.

The homes in Parkwood are as diverse as its residents, offering a variety of styles and sizes to fit any lifestyle. Whether you’re looking for a cozy bungalow, a modern townhome, or a spacious family house, you’ll find a welcoming abode that suits your needs. With its vibrant community, excellent schools, and beautiful surroundings, Parkwood is more than just a neighborhood; it’s a place you’ll be proud to call home. Come explore all that Parkwood has to offer and discover the perfect spot for your next chapter!

Newest Parkwood Homes with Seattle School District

$2,450,000
2555010 MLS ⋅ ACTIVE Status
The property sits in one of North Seattle’s fastest-improving rental corridors. The location is further supported by Sound Transit’s new Shoreline South/148th light rail station and direct bus access to downtown Seattle. The offering represents an operational value-add opportunity. The asset is in good physical condition, bolstered by recent capital improvements including a new TPO membrane roof (2023), upgraded electrical panels (2024), and replaced window panes (2025). With the option to upgrade units on turnover and capture premium rents as leases roll, and with scheduled rents below market and no utility bill-back currently in place, a new ownership group can grow income through natural lease turnover, selective unit upgrades, and the implementation of a utility recapture program, meaningfully lifting NOI. At market operations, the offering achieves a 7.4% cap rate and a 9.7% cash-on-cash return, giving new ownership strong performance upside as rents are brought up to market. At just $238 per square foot and $175,000 per door, the property presents an exceptional basis for a 1980s-built asset, well below recent comparable sales in the area. Current in-place rents average $1,205 for the eleven one-bedroom units and $1,617 for the three two-bedroom units, while comparable properties in the area are achieving approximately $1,550 and $1,875.

712 N 143rd Street, Seattle

Listing courtesy of Paragon Real Estate Advisors.

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