Windchime Apartments
712 N 143rd St, Seattle, WA 98133
Property Type Multi-family
Price $2,450,000
Status Active
Property Highlights:
- Well-located asset in Bitter Lake, one of North Seattle’s fastest-improving rental corridors.
- Significant rental upside with in-place rents trailing market by $250–$345 per unit ($1,205 vs. $1,550 for one-bedrooms; $1,617 vs. $1,875 for two-bedrooms).
- Value-add potential through selective unit upgrades on turnover.
- Recent Capital Expenditures include a New TPO Membrane Roof installed in 2023, upgraded electrical panels in 2024 as well as window panes replaced in 2025.
- Opportunity to implement a utility bill-back (RUBS) program to further lift NOI.
- Transit-rich location served by Sound Transit’s new Shoreline South/148th light rail station, with quick access to I-5 and downtown Seattle.
- Desirable mix of eleven one-bedroom and three two-bedroom units in good physical condition.
- Eleven on-site parking stalls currently provided at no charge, offering an additional income stream through paid parking.
- Copper plumbing throughout, providing long-term durability and reduced maintenance risk.
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