Parkwood Homes with Seattle School District

Welcome to Parkwood, a hidden gem nestled within the vibrant city of Seattle, Washington. This charming neighborhood is a delightful blend of suburban tranquility and urban convenience, making it a perfect choice for families, professionals, and anyone seeking a warm community atmosphere.

One of the standout features of Parkwood is its proximity to some of the best amenities Seattle has to offer. Residents enjoy easy access to lush parks, scenic trails, and a variety of recreational options that make the most of the Pacific Northwest's stunning natural beauty. The neighborhood is adorned with tree-lined streets and well-maintained homes, creating a picturesque environment that feels inviting and safe.

Families will appreciate the educational opportunities available in Parkwood, as it falls within the highly regarded Seattle School District. This district is known for its commitment to academic excellence and offers a range of programs to cater to diverse student needs. Parents can feel confident knowing their children have access to quality education, as well as a plethora of extracurricular activities that encourage growth and development.

In addition to its educational advantages, Parkwood boasts a strong sense of community. Local events and gatherings foster connections among residents, creating lasting friendships and a supportive network. Whether you're enjoying a weekend at the local farmer's market or participating in neighborhood clean-up days, Parkwood offers a welcoming atmosphere where everyone feels at home.

If you’re looking for a neighborhood that combines the best of Seattle living with a strong community spirit and excellent schools, Parkwood is the perfect place to call home. Come discover the charm and warmth that awaits you in this delightful Seattle enclave!

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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