Parkwood Homes with Seattle School District

Welcome to Parkwood, a hidden gem nestled in the vibrant city of Seattle, Washington. This charming neighborhood offers a perfect blend of suburban tranquility and urban convenience, making it an ideal place for families, professionals, and anyone looking to enjoy the best of the Pacific Northwest.

Parkwood is characterized by its tree-lined streets, friendly atmosphere, and an array of well-maintained homes that exemplify the classic Seattle style. From mid-century bungalows to contemporary designs, there’s a home for every taste and lifestyle. The community is known for its lush parks and green spaces, providing residents with ample opportunities for outdoor recreation, picnics, and leisurely strolls.

One of the standout features of Parkwood is its strong connection to the esteemed Seattle School District. Families can take comfort in knowing that their children will have access to quality education in a nurturing environment. With several highly-rated schools nearby, parents can feel confident in their children’s academic and social development.

In addition to its educational offerings, Parkwood boasts a convenient location with easy access to downtown Seattle, making commuting a breeze. Residents can enjoy a variety of local shops, cafes, and restaurants, all within a short drive or bike ride. Whether you’re exploring the vibrant arts scene, indulging in diverse culinary experiences, or simply enjoying the stunning views of the surrounding mountains and waterways, Parkwood has something for everyone.

Discover the charm of Parkwood – where community spirit meets the beauty of Seattle living. Your dream home awaits in this welcoming neighborhood!

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 courtesy of Paragon Real Estate Advisors.

Start Your Search

Based on information submitted to the MLS GRID as of . 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.
IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.