12340 Sand Point Way NE, Seattle, WA 98125

Property Description

Sandpoint Way Apartments is a well-maintained multifamily community in Seattle's desirable Sandpoint neighborhood, offering a diverse mix of one-, two-, and three-bedroom residences averaging approximately 821 square feet. Larger-than-average unit sizes provide broad appeal to healthcare workers while supporting strong tenant retention and leasing performance. Many residences enjoy premium Lake Washington views, enhancing the property's appeal and supporting rental premiums. The community is ideally located approximately one-half mile from the Burke-Gilman Trail and less than two miles from Matthews Beach Park, Seattle's largest freshwater swimming beach. Ownership has completed significant capital improvements, including a roof replacement within the last six years, Cutler-Hammer electrical panels, and primarily copper plumbing throughout, reducing near-term capital needs and supporting operational stability. The property is also conveniently located near major employment and institutional drivers, including the University of Washington, Seattle Children's Hospital, and the growing Magnuson Park corridor. The combination of desirable views, spacious units, recent improvements, and strong Northeast Seattle fundamentals makes Sandpoint Way Apartments a compelling multifamily investment opportunity.

Listing Status:

Active

Data Last Updated:

August 13, 2026 at 1:19AM

Listing Office:

John L. Scott, Inc : 253-852-9200

Listing Agent:

Jonathan D. Bye : 253-852-9200

MLS ID:

2567375

Interior

• A/C: None
• Heating: Baseboard
• Fireplace: Fireplaces: 0

Exterior

• General: Metal/Vinyl
• Parking: Parking spaces: 2

Construction

• Roofing: Composition
• General: 55 - 5-9 Units

Location

• HOA Amenities: 0.0
• Originating MLS: nwmls
• School District: Seattle
• County: King

Lot

• Zoning: 8820900260

Utilities

• Sewer: Sewer Connected

Financial

• Source: nwmls