$1,800,000
 $9,663 est/mo Sourced by Back At You

8848 Stone Avenue,Seattle, WA 98103

Seattle, WA 98103

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Description

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.

Details

MLS #2533806
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1988
Days On Site100
Listing Provided ByLee & Associates Commercial RE | Dea Sumantri

Features

SQ Feet6,770
Car PortYes
Story(s)3
Units10
ZoningMulti-Family
Acreage0.14

Taxes

Property19251

Area Information

StateWA
CountyKing
CitySeattle
Zip Code98103
Area705 Ballard | Greenlake
Community NameLicton Springs
Listing VS Median (in Licton Springs)
Price:
$1,800,000
low | high
Med:
$734,975
100% of Average
sqft:
6,770
low | high
Med:
1,150
100% of Average
$ / sqft:
$266
low | high
Med:
$642
91.563342106554% of Average
On site:
100
low | high
Med:
15
100% of Average
Sourced by Back At You

Market Activity 98103

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Based on information submitted to the MLS GRID as of September 10, 2026 at 8:36:17 PM PDT. 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.

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Learn More About This Property

StateWA
CountyKing
CitySeattle
Zip Code98103
Area705 Ballard | Greenlake
Community NameLicton Springs
Listing VS Median (in Licton Springs)
Price:
$1,800,000
low | high
Med:
$734,975
100% of Average
sqft:
6,770
low | high
Med:
1,150
100% of Average
$ / sqft:
$266
low | high
Med:
$642
91.563342106554% of Average
On site:
100
low | high
Med:
15
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $1.35M - $2.25M
sqft: 5,000 - 8,000
Nearby Listings Property ImageNearby Listings Details
8830 Nesbit Avenue Property Photo 1
$1,400,000
8830 Nesbit Avenue
Seattle, WA 98103
Listing Updated: August 17, 2026 at 8:59:41 AM PDT