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 friendly community, Parkwood offers residents a perfect blend of suburban tranquility and urban convenience. This hidden gem is characterized by tree-lined streets, beautifully maintained homes, and lush green parks, making it an ideal spot for families, professionals, and anyone looking to enjoy the best of Seattle living.

One of the standout features of Parkwood is its proximity to excellent educational opportunities. The neighborhood falls within the highly regarded Seattle School District, ensuring that families have access to quality education for their children. With a variety of schools nearby, parents can rest easy knowing their kids are receiving a top-notch education in a supportive environment.

In addition to its educational advantages, Parkwood boasts a wealth of recreational amenities. Residents can explore the nearby parks, perfect for weekend picnics or leisurely strolls, and enjoy the vibrant local dining scene, which offers a delightful array of culinary options. The neighborhood’s location also provides easy access to major highways and public transportation, making commutes to downtown Seattle and surrounding areas a breeze.

Whether you’re looking for a cozy home to raise a family or a peaceful retreat after a busy day, Parkwood has something for everyone. With its welcoming community, excellent schools, and convenient location, it’s no wonder that Parkwood is one of Seattle’s most sought-after neighborhoods. Come experience the charm of Parkwood and discover your dream home today!

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 Broker: Paragon Real Estate Advisors; Michael Urquhart; 206-812-9123; michael@paragonrea.com

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