Active · Residential Income

12340 Sand Point Way NE, Seattle, WA 98125

Seattle, WA 98125

$1,425,000

— bedrooms · — bathrooms · 0 sq ft

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Listing provided by John L. Scott, Inc · MLS #2567375 · Active

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About this property

Sandpoint Way Apartments is a well-maintained multifamily community in Seattle's desirable Sandpoint neighborhood, offering a diverse mix of one-, two-, and three-bedroom residences averaging approximately 821 square feet. Larger-than-average unit sizes provide broad appeal to healthcare workers while supporting strong tenant retention and leasing performance. Many residences enjoy premium Lake Washington views, enhancing the property's appeal and supporting rental premiums. The community is ideally located approximately one-half mile from the Burke-Gilman Trail and less than two miles from Matthews Beach Park, Seattle's largest freshwater swimming beach. Ownership has completed significant capital improvements, including a roof replacement within the last six years, Cutler-Hammer electrical panels, and primarily copper plumbing throughout, reducing near-term capital needs and supporting operational stability. The property is also conveniently located near major employment and institutional drivers, including the University of Washington, Seattle Children's Hospital, and the growing Magnuson Park corridor. The combination of desirable views, spacious units, recent improvements, and strong Northeast Seattle fundamentals makes Sandpoint Way Apartments a compelling multifamily investment opportunity.

Property details

Property type: Multi Family
Year built: 1930
Lot size: 5,633 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $14,879 (2026)
Parking spaces: 2
School district: Seattle

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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