Parkwood Homes with Seattle School District

Welcome to Parkwood, a charming neighborhood nestled in the heart of Seattle, Washington. Known for its serene tree-lined streets and friendly community atmosphere, Parkwood offers a perfect blend of suburban tranquility and urban convenience. Just a stone's throw away from the bustling city, residents enjoy easy access to downtown Seattle's vibrant cultural scene, dining, shopping, and recreational activities.

One of the standout features of Parkwood is its commitment to education, with homes situated within the esteemed Seattle School District. Families will appreciate the quality of local schools, which are dedicated to fostering a nurturing environment for students of all ages. From elementary to high school, children in Parkwood are provided with excellent educational opportunities that prioritize academic excellence and personal growth.

The neighborhood itself boasts a variety of architectural styles, with charming single-family homes and well-maintained properties that reflect the area's rich history. Many homes feature spacious yards, perfect for family gatherings and outdoor activities, while nearby parks offer additional green spaces for leisurely strolls, picnics, and play.

Parkwood is not just a place to live; it’s a community where neighbors become friends, and families thrive. With its close-knit atmosphere, excellent schools, and proximity to the best of Seattle, Parkwood is an ideal choice for those seeking a welcoming neighborhood that feels like home. Come explore all that Parkwood has to offer and discover your perfect slice of Seattle living!

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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