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About the Listing 6779 - 101283
Turnkey 10-unit Marella Apartments in Seattle’s Lake City neighborhood. All major capital projects are complete: fully re-sided with exterior paint, new roof and new windows (2023), new electrical panels (2025) and a new sewer line (2025-26), with updated common areas. Seven of ten units are renovated, leaving only three to turn. Professionally managed with zero vacancies and zero delinquencies, and all paperwork is in order: move-in reports, security deposits and last month’s rent on file. Eight 1BD/1BA (approx. 675 sf) and two 2BD/1BA (approx. 850 sf) units, plus 14 off-street parking spaces. Built 1968, effective year built 1992 per tax records, on an 8,480 sf lot. Large walk-in closets next to each hot water tank make adding in-unit washers and dryers easy. Close to Lake City Way shops, services and transit, with Stride bus rapid transit coming in 2028. 5.76% cap rate on in-place rents, 6.85% at market.
Listing Highlights for 3055 NE 140th St
Interior Details
- Bedrooms: 12
- Bathrooms: 10 Full
- Appliances:
- Air Cond:
- Heating: Baseboard
- Fireplaces: 0
- Floor: Laminate,Vinyl Plank,Carpet
- Basement:
- Other:
- Water: City of Seattle
Exterior Details
- Lot Description: Corner Lot,Paved,Sidewalk,Zoning: Multi-Family
- Garage Capacity: N/A
- Parking Spaces: 14
- Zoning: Multi-Family
- Roof: Flat
- Others: Wood Products,Good
- Sewer: City of Seattle
- Parking Features: Covered,4 or More Carport
Financial Details
- Tax Amount: $17,226
- Taxes w/Assessments: N/A
- Tax/Property ID: 3821700135
- Tax Year: 2026
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
3055 NE 140th St Seattle, WA 98125
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