Parkwood Homes with Seattle School District

Welcome to Parkwood, a charming neighborhood nestled in the vibrant city of Seattle, Washington. Known for its lush green spaces and friendly community atmosphere, Parkwood offers a perfect blend of suburban tranquility and urban convenience. This delightful enclave is situated in King County and boasts easy access to the bustling heart of Seattle, making it an ideal choice for those who appreciate both the serenity of home and the excitement of city life.

The homes in Parkwood are as inviting as the neighborhood itself, featuring a variety of architectural styles that cater to diverse tastes. From cozy bungalows to modern townhouses, there’s something for everyone in this picturesque community. Many of these residences are located within the highly regarded Seattle School District, ensuring that families have access to quality education right at their doorstep. This commitment to education makes Parkwood an attractive option for families looking to settle down in an area that prioritizes the development and well-being of its youth.

Residents of Parkwood enjoy a wealth of amenities, including nearby parks, walking trails, and recreational facilities that encourage an active lifestyle. The neighborhood fosters a close-knit community, with regular events and gatherings that bring neighbors together. Whether you’re exploring the local shops, dining at nearby eateries, or enjoying a leisurely stroll through the scenic parks, Parkwood offers a warm and welcoming environment that feels like home.

Experience the charm of Parkwood, where a vibrant community, beautiful homes, and excellent schools 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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