8848 Stone Avenue N, Seattle, WA 98103

Property Description

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.

Listing Status:

Active

Data Last Updated:

June 14, 2026 at 3:20AM

Listing Office:

Lee & Associates Commercial RE : 206-773-2696

Listing Agent:

Dea Sumantri : 206-773-2696

MLS ID:

2533806

Interior

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

Exterior

• General: Metal/Vinyl
• Parking: Parking spaces: 10

Construction

• Roofing: Torch Down
• General: 56 - 10+ UnitsPoured Concrete

Location

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

Lot

• Zoning: 0993000215

Utilities

• Sewer: Sewer Connected

Financial

• Source: nwmls