Licton Springs Homes with 56 - 10+ Units Style

Welcome to Licton Springs, a hidden gem nestled in the heart of Seattle, Washington. This vibrant neighborhood is known for its rich history, lush greenery, and a strong sense of community. With its proximity to the bustling urban landscape of Seattle, Licton Springs offers residents the perfect blend of tranquility and accessibility.

One of the standout features of Licton Springs is its namesake park, a serene oasis that invites residents to enjoy leisurely strolls, picnics, and outdoor activities. The park is home to a natural spring, which adds to the area's charm and provides a peaceful retreat from the city's hustle and bustle. The neighborhood is also conveniently located near major transit routes, making commuting to downtown Seattle a breeze.

Licton Springs boasts a diverse array of homes, particularly those featuring 56 to 10+ unit styles. These multifamily residences cater to a variety of lifestyles, from young professionals to families seeking a welcoming community. The architectural styles range from classic brick buildings to modern designs, ensuring there's something for everyone. Residents enjoy the benefits of living in a vibrant community while having access to essential amenities, including local shops, cafes, and restaurants.

As the neighborhood continues to evolve, Licton Springs remains a desirable destination for those looking to experience the best of Seattle living. With its welcoming atmosphere, beautiful parks, and diverse housing options, Licton Springs is more than just a place to live – it's a community where you can truly thrive. Come discover the charm of Licton Springs and make it your new home!

Newest Licton Springs Homes with 56 - 10+ Units Style

$1,800,000

2533806 MLS ⋅ ACTIVE Status

We are pleased to present 8848 Stone Ave N, a pride-of-ownership 10-unit apartment community in Seattle’s North Green Lake neighborhood. Built in 1988, the building offers a well-balanced unit mix of 2 studios, 4 one-bedrooms, and 4 two-bedrooms — spacious floor plans filled with natural light and equipped with in-unit laundry throughout. Durable building systems include copper plumbing, a Siemens electric panel, and a 2021 roof replacement, delivering a new owner a clean operational foundation with minimal deferred maintenance. A secured entry system and fully fenced rear parking lot with 10 assigned spaces complete a resident experience that is low-friction and well managed. In-place rents currently sit approximately 15% below market, presenting an immediate opportunity for a new owner to close that gap through disciplined lease management alone. For investors with a light renovation appetite, the one-bedroom and two-bedroom units present the most compelling upside — rehabbed rents on those unit types are projected to achieve premiums of 21% and 32% respectively above current in-place rents, a return profile that meaningfully repositions the asset’s income and long-term value.

8848 Stone Avenue N, Seattle

Listing courtesy of Lee & Associates Commercial RE.

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