12030 32nd Avenue NE Unit #1-6, Seattle, WA 98125
- $1,125,000
- 5,334
- SqFt
Listing courtesy of Kidder Mathews. Selling Office: ZNonMember-Office-MLS.
- Sold Price
- $1,125,000
- List Price
- $1,280,000
- Status
- SOLD
- MLS#
- 2486762
- Closing Date
- Jul 13, 2026
- Days on Market
- 43
- Style
- 55 - 5-9 Units
- Finished SqFt
- 5,334
- Area Total SqFt
- 5334
- Annual Tax Ammount
- 12126
- Lot Size (sq ft)
- 6,600
- Sewer
- Sewer Connected
Property Description
A meticulously maintained, value-add asset in a highly convenient Lake City/North Seattle location. Built in 1959, it combines strong in-place performance with significant upside potential in one of North Seattle’s most connected neighborhoods. With a “Very Walkable” walk score of 88, residents are within easy reach of neighborhood restaurants, cafés, & shops. Close proximity to the Burke-Gilman Trail & Lake Washington and 6 bus routes within a 10-minute walk. Downtown and major employment centers are just minutes away. Orca Apartments consists of 5 one-beds and 1 two-bed. Units are notably oversized, averaging approx. 770 SF, and feature large living areas, generously sized closets, and dedicated dining spaces. Amenities include expansive decks, secured entry, some dishwashers, on-site laundry, & resident storage rooms. Units have been updated upon turnover, and one unit is fully renovated. The property has been extraordinarily well maintained, with recent improvements including a new roof, updated plumbing, modernized electrical panels, and dual-pane vinyl windows. There are 6 dedicated off-alley parking spaces in addition to convenient street parking directly in front of the building. Low historical turnover and likely ability to increase income by approx. 15% by adjusting rents to market and implementing a utility bill-back system. Orca Apartments offers investors durable cash flow today with clear, measurable value-add potential in a sought-after North Seattle location
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Additional Information
- List Date
- 2026-05-31 00:00:00
- Community
- Lake City
- Net Operating Income
- $63,456
- Gross Adjusted Income
- $94,848
- Gross Scheduled Income
- $99,840
- Total Monthly Income
- $8,320
- Insurance Expenses
- $6,015
- Water/Sewer/Garbage Expenses
- $7,773
- Gross Rent Multiplier
- 12.8
- Total Expenses
- $31,392
- Cap Rate
- 5
- Vacancy Rate
- 5
- Total Number of Units
- 6
- Unit Name
- 12030
- Potential Terms
- Cash, Conventional
- Year Built
- 1959
- Roof
- Flat
- Site Features
- Fenced-Partially
- Other Expenses
- 5478
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- John Hay Elementary
- Middle School
- Jane Addams
- High School
- Nathan Hale High
- Total Monthly Income
- $8,320
- Gross Scheduled Income
- $99,840
- Vacancy Rate
- 5
- Gross Adjusted Income
- $94,848
- Tax Year
- 2026
- Insurance Expense
- $6,015
- W/S/G Expenses
- $7,773
- Total Expenses
- $31,392
- Net Operating Income
- $63,456
- Gross Rent Multiplier
- 12.8
- Cap Rate
- 5
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.