Parkwood Homes with Seattle School District

Welcome to Parkwood, a hidden gem nestled in the vibrant city of Seattle, Washington. This charming neighborhood is situated in King County and offers a delightful blend of suburban tranquility and urban convenience. With its tree-lined streets and friendly atmosphere, Parkwood is the perfect place for families, young professionals, and retirees alike.

One of the standout features of Parkwood is its strong sense of community. Residents enjoy a peaceful lifestyle while being just a stone's throw away from the bustling heart of Seattle. The neighborhood boasts easy access to local parks, recreational facilities, and a variety of shops and restaurants that cater to every taste. Families will appreciate the well-maintained playgrounds and green spaces, perfect for picnics and outdoor activities.

Parkwood is also part of the highly regarded Seattle School District, ensuring that children receive a quality education. Parents can take comfort in knowing that their kids have access to top-notch schools, making this area an ideal choice for families looking to settle down. The educational opportunities extend beyond primary and secondary schools, with several esteemed colleges and universities nearby.

The homes in Parkwood reflect the neighborhood's charm, featuring a mix of classic and contemporary designs. From cozy single-family homes to spacious townhouses, there’s something for everyone. Whether you’re looking for a starter home or a place to raise a family, Parkwood offers a warm and inviting environment that truly feels like home.

Come explore Parkwood, where community spirit, quality education, and beautiful homes await you!

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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