Parkwood Homes with Seattle School District

Welcome to Parkwood, a hidden gem nestled in the heart of Seattle, Washington. This charming neighborhood is known for its lush greenery, friendly atmosphere, and a strong sense of community that makes it an ideal place to call home. Parkwood is conveniently located just a short drive from downtown Seattle, providing residents with easy access to the vibrant city life while still enjoying the tranquility of suburban living.

One of the standout features of Parkwood is its family-friendly environment, further enhanced by its inclusion in the highly regarded Seattle School District. Parents will appreciate the quality education options available, ensuring that children receive an excellent foundation for their future. The neighborhood boasts several parks and recreational areas, perfect for weekend picnics, leisurely strolls, or energetic playdates, making it a haven for families.

The homes in Parkwood reflect a delightful blend of architectural styles, from charming mid-century bungalows to modern townhouses, catering to diverse tastes and lifestyles. Many properties feature spacious yards, ideal for gardening or outdoor gatherings, while the tree-lined streets create a picturesque backdrop for daily life.

With a strong community spirit, Parkwood hosts various events throughout the year, fostering connections among neighbors and creating lasting friendships. Whether you're enjoying a summer block party or participating in local volunteer efforts, you'll find that Parkwood is more than just a place to live—it's a place to thrive. Discover the warmth and charm of Parkwood today, and see why it’s the perfect neighborhood to plant your roots in Seattle!

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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