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About this home
Beautifully maintained triplex offering classic charm, modern updates, a durable metal roof, fresh exterior paint (2025), and strong rental performance in one of Seattle’s most desirable neighborhoods. Three bright, well-designed units - 3BD/1.75BA, 2BD/1BA, and 1BD/1BA - each featuring updated finishes, modern appliances, brick fireplaces, efficient gas heating, and private in-unit laundry. Every unit has its own entrance and outdoor space: a large patio (3BD), a balcony plus new composition deck & railing (2BD), and a welcoming front porch (1BD). Single-car garages for two larger units, plus ample on-site and off-street parking. Large, fenced backyard with rear-gate access. Minutes to UW, Magnuson Park, Seattle Children’s, University Village, shopping, dining, transit, and the Burke-Gilman Trail. A rare opportunity to acquire a stable, income-producing asset in a high-demand Seattle location - ideal for investors seeking long-term value and consistent tenant demand. LR1(M) zoning along a key transit and institutional corridor near Seattle Children’s Hospital provides flexibility for future site planning. Buyers are encouraged to review the City of Seattle’s long-range planning materials and Comprehensive Plan framework for this corridor and verify all development potential.
Laurelhurst, located between Union Bay and Lake Washington, is a residential and lakeside Seattle neighborhood with curving streets and a shoreline setting. The neighborhood’s character concentrates around the Laurelhurst Playfield and Community Center on NE 41st St, where ballfields, a pool, and after-school bustle set the daily rhythm. Brick Tudors, mid-century ramblers, and well-kept gardens define the streetscape, with frequent glimpses of water through tall evergreens. Laurelhurst Beach Club anchors the lakefront social calendar, while the Laurelhurst Community Center hosts classes and local events. University Village sits just west for boutiques and cafes, and the Burke-Gilman Trail links nearby parks and campus energy.
Provided by Walk Score and Local Logic
Offer insights
5208 Sand Point Way NE · $1,649,500
$1.65M and above
75% chance or better to win
Why $1.65M+ is a strong offer
SALE-TO-LIST
94.9%
Most homes are selling 5% below list price.
LIST PRICE
$1,649,500
Median list price in this area is $1,018,440. (38% lower than this home)
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Basement
Storage
Thermal windows
Bedrooms
Unit 5208: 1 bedroom
Unit 5210: 2 bedrooms
Unit 5212: 3 bedrooms
Bathrooms
Unit 5208: 1 bathroom
Unit 5210: 1 bathroom
Unit 5212: 2 bathrooms
Kitchen
Range/oven in each unit
Refrigerator in each unit
Dishwasher in each unit
Laundry & utility
Washer/dryer in each unit
Flooring
Ceramic tile
Laminate
Vinyl plank
Carpet
Heating & cooling
Forced air heating
Forced air cooling
Exterior features
Partially fenced yard
Deck
Patio
Cable TV available
High-speed internet available
Gas available
Home design
Residential income property (Triplex)
Two stories
Has a view
Property condition: Good
Parking
2 covered spaces
2 garage spaces (detached/attached not specified)
4 uncovered spaces
Security
Partially fenced
Construction
Built in 1958 (effective year)
Brick and wood construction
Metal roof
Poured concrete foundation
Utilities
Public water (Seattle)
Sewer connected (Seattle)
Power by Seattle City Light
Energy sources: Electric, Natural Gas, Wood
Financial info
Gross scheduled income: $99,780
Gross adjusted income: $99,780
Total monthly income: $8,315
Net operating income: $75,373
Total expenses: $24,407.42
Insurance expense: $2,340
Other expense: $2,400
Gross rent multiplier: 17
Current rents — Unit 5208: $2,050; Unit 5210: $2,455; Unit 5212: $3,395
Listing terms: Cash, Conventional, FHA, VA
Other
Possible use: Multi-family
Electricity and solar
View estimated energy costs and solar savings for this home
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