Parkwood Homes with Seattle School District

Welcome to Parkwood, a delightful neighborhood nestled in the heart of Seattle, Washington. Known for its serene atmosphere and lush greenery, Parkwood offers a perfect blend of suburban tranquility and urban convenience. This charming enclave is characterized by its tree-lined streets, friendly neighbors, and a strong sense of community, making it an ideal place for families, professionals, and retirees alike.

One of the standout features of Parkwood is its proximity to the highly regarded Seattle School District. Families residing here benefit from access to quality education, with several top-rated schools just a stone's throw away. The district is known for its commitment to academic excellence and offers a variety of programs designed to cater to the diverse needs of its students. This focus on education makes Parkwood an attractive option for those looking to settle down in a family-friendly environment.

In addition to its educational offerings, Parkwood boasts an array of parks and recreational spaces, perfect for outdoor enthusiasts. Residents can enjoy leisurely strolls, picnics, or weekend sports activities in the nearby parks. The neighborhood also features a vibrant community spirit, with local events and gatherings that foster connections among residents.

With a variety of charming homes available, Parkwood offers something for everyone, from cozy single-family residences to modern townhouses. Each property reflects the unique character of the neighborhood, making it a wonderful place to call home. Experience the best of Seattle living in Parkwood, where community, education, and nature harmoniously come together to create an inviting atmosphere for all.

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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