12728 33rd Ave NE
Seattle WA 98125
Estada Apartments
12728 33rd Ave NE Seattle WA 98125
Listing #: 712206 | Status: Available | Last Modified: 4/29/2026 |
For Sale
- Phone:(425) 269-3826
- Email:steven.chattin@berkadia.com
- Office Name:Berkadia Real Estate Advisors, LLC
- Office Phone:(206) 521-7220
- Office Website:
- Agent Phone:(425) 891-9594
- Agent Email:mitchell.belcher@berkadia.com
- Agent Phone:(206) 999-3206
- Agent Email:jay.timpani@berkadia.com
- Agent Phone:(206) 484-8114
- Agent Email:brandon.lawler@berkadia.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 4,550,000.0
- $/SF$ 279.5
- $/Unit$ 4,550,000.0
- Listing StatusAvailable
- Days on Market4
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate 5.35 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Building StatusExisting
- # of Buildings1
- # of Floors3
- # of Units20
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF18723
- Net Rentable Area16280
- Total Office SF
- Largest Contiguous SF
- Lot SF16670
- Acres0.38
- Property TypeMulti-Family
- Office Type
- InvestmentYes
- Building ClassB
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaN. Seattle
- Tax ID #1453600883
- Additional Parcels
- ZoningNC3-75(M)
- # Covered Spaces0
- # Uncovered Spaces18
- Total Parking Spots18
- Parking Ratio5
- Year Built1967
- Year Renovated2009
- Completion Date
- Roof TypeComp
- Construction TypeFramed, Wood
12728 33rd Ave NE
Estada sits in North Seattle’s Lake City neighborhood as a fully occupied, well-maintained property currently generating rents nearly 21% below market rates; creating a great opportunity for new ownership. Several units in Estada have already been upgraded, and the renovated units are leasing at premium rents. Completing that scope across the remaining units captures the full benefit of a submarket that is supply-constrained, income-rich, and well-connected. The fundamentals surrounding Lake City are already outperforming the broader Seattle metro. Average household income within three miles exceeds $135,000 and is projected to climb 53%, driven by the University of Washington, UW Medical Center, and Seattle’s expanding tech scene. That income growth supports a deep and durable renter
