Parkwood Homes with Seattle School District

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

Parkwood is known for its lush greenery and well-maintained parks, providing residents with ample opportunities for outdoor activities. Whether it’s a leisurely stroll through the tree-lined streets or a weekend picnic at one of the local parks, the natural beauty of this neighborhood is sure to impress. The community is also conveniently located near various shopping and dining options, allowing residents to indulge in the diverse culinary scene and boutique shops that Seattle is renowned for.

One of the standout features of Parkwood is its strong connection to the Seattle School District. Families will appreciate the excellent educational opportunities available, with several highly-rated schools serving the area. This focus on education makes Parkwood a sought-after neighborhood for families looking to provide their children with a quality education while enjoying a close-knit community atmosphere.

Homebuyers in Parkwood can expect a variety of housing options, ranging from charming single-family homes to modern townhouses, catering to different lifestyles and budgets. With its welcoming community, top-notch schools, and proximity to all that Seattle has to offer, Parkwood is a neighborhood that truly embodies the essence of comfortable living in the Pacific Northwest. Come discover why Parkwood is the perfect place to call home!

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.

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