Parkwood Homes with Seattle School District

Welcome to Parkwood, a hidden gem nestled in the heart of Seattle, Washington! This charming neighborhood offers a perfect blend of suburban tranquility and urban convenience, making it an ideal place for families, young professionals, and anyone seeking a vibrant community atmosphere.

Parkwood is characterized by its tree-lined streets, well-maintained parks, and welcoming neighbors. The area boasts a variety of beautiful homes, from cozy single-family residences to modern townhouses, catering to diverse lifestyles and preferences. Many properties feature spacious yards, perfect for outdoor gatherings, gardening, or simply enjoying the lush Pacific Northwest greenery.

One of the highlights of living in Parkwood is its proximity to the renowned Seattle School District. Families can take comfort in knowing their children will receive a high-quality education at nearby schools, which are known for their dedicated staff and strong academic programs. The community is also home to several parks and recreational facilities, providing ample opportunities for outdoor activities, sports, and family fun.

Conveniently located just a short drive from downtown Seattle, Parkwood residents enjoy easy access to the city’s vibrant cultural scene, shopping, and dining options. Whether you’re exploring the iconic Pike Place Market, catching a concert at the historic Paramount Theatre, or savoring a meal at one of the city's many acclaimed restaurants, the best of Seattle is always within reach.

Discover the charm of Parkwood, where community spirit thrives, and the beauty of the Pacific Northwest is right at your doorstep. Your dream home awaits in this delightful neighborhood!

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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