Listed by Lee & Associates Commercial RE, Bought with Fathom Realty WA LLC
$2,440,000
SOLD AUG 15, 2025
-- Bed
-- Bath
13,848 Sq Ft
7,688 Sq Ft Lot

Recently Sold

$176 Per Sq Ft

16% Below List Price

Highlights

  • Territorial View
  • No HOA
  • Vinyl Plank Flooring
  • Daniel Bagley Elementary School Rated A-

About This Home

As of August 2025

Pine Place Apartments is a well-maintained 14-unit asset in North Seattle offering strong value-add potential. Built in 1989 with modern systems including copper plumbing, updated electrical, and Durolast roofing, the property is steps from the Northgate Light Rail, Kraken Iceplex, and Green Lake Park. The diverse unit mix includes 2-bed, 1-bed, open 1-bed, and studios, each with private decks, secure entry, and access to two laundry rooms and 12 garage parking spaces. With below-market rents and projected 22.2% upside, Pine Place presents an ideal repositioning opportunity in a high-demand, transit-connected submarket.

Last Agent to Sell the Property

Dea Sumantri

Lee & Associates Commercial RE License #21001837 Listed on: 04/10/2025

Co-Listed By

Sara Bago

Lee & Associates Commercial RE License #20119704

Last Buyer's Agent

Kristin Petkavich

Fathom Realty WA LLC License #116993

Fathom Realty WA LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2357206

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,115

Year Built

  • Built in 1989

Lot Details

  • 7,688 Sq Ft Lot
  • Property is in good condition

Parking

  • 12 Covered Spaces

Home Design

  • Flat Roof Shape
  • Poured Concrete
  • Metal Construction or Metal Frame
  • Vinyl Construction Material

Interior Spaces

  • 13,848 Sq Ft Home
  • 3-Story Property
  • Territorial Views

Flooring

  • Carpet
  • Vinyl Plank

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association
  • Licton Springs Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0993000290

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,115

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1989
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 13848
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl Plank, Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Flat
  • View: Territorial
  • View: Yes
  • Waterfront: No
  • Construction Type: Metal/Vinyl
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 12
  • Open Parking: No

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: SCL
  • SewerCompany: SPU
  • WaterCompany: SPU

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 0993000290
  • Lot Size Acres: 0.1765
  • Lot Size Sq Ft: 7688
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: King County Parcel Viewer
  • ZoningJurisdiction: County

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 12.9
  • LeasedItems: None
  • TotalMonthlyIncome: 19615

Tax Info

  • Year: 2025
  • Tax Annual Amount: 28115

Multi Family

  • Number Of Units Total: 14
  • EnergySource: Electric
  • UnitsBelowGrade: false

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/15/2025 08/15/25 Sold $2,440,000 -15.7% $176 / Sq Ft
06/25/2025 06/25/25 Pending -- -- --
04/10/2025 04/10/25 For Sale $2,895,000 -- $209 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2357206

Northwest Multiple Listing Service (NWMLS)