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 delightful blend of suburban tranquility and urban conveniences, making it an ideal place for families, professionals, and anyone seeking a welcoming community.

Parkwood is known for its lush greenery and picturesque tree-lined streets, creating a serene environment that feels like a retreat from the hustle and bustle of city life. Residents enjoy easy access to a variety of parks, playgrounds, and recreational facilities, perfect for outdoor enthusiasts and families looking to spend quality time together. The neighborhood fosters a strong sense of community, with friendly neighbors and local events that bring everyone together.

One of the standout features of Parkwood is its affiliation with the highly regarded Seattle School District. Families can take comfort in knowing that their children will receive a top-notch education, with several well-rated schools conveniently located within the area. This makes Parkwood not only a beautiful place to live but also a smart choice for families prioritizing education.

In terms of real estate, Parkwood offers a diverse range of homes, from charming bungalows to modern townhouses, catering to various tastes and budgets. With its appealing neighborhoods and proximity to Seattle's vibrant downtown, Parkwood is a perfect blend of comfort and accessibility. Whether you’re looking for a peaceful sanctuary or a place to grow your family, Parkwood invites you to discover the warmth and charm that this wonderful neighborhood has to offer. Come and experience the beauty of Parkwood—your new home awaits!

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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