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Listed by:eXp Realty • Quirina Maravilla
$1,699,950
Est. payment /mo
11 Beds
8 Baths
4,590 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,590 sqft
Price per Sqft $370
Subdivision Rainier Beach
MLS Listing ID 2548973
Style 55 - 5-9 Units
Bedrooms 11
Year Built 1923
Annual Tax Amount $11,604
Lot Size 4,725 Sqft
Property Sub-Type Multi Family
Property Description
Exceptional value-add investment opportunity in Seattle's evolving Rainier Beach neighborhood, just moments from Lake Washington. This 7-unit multifamily property features an ideal unit mix of four 2-bedroom/1-bath units and three 1-bedroom/1-bath units, providing strong in-place income with additional revenue from on-site coin-operated laundry. Current ownership has maintained consistent occupancy while offering the next owner the opportunity to enhance value through cosmetic unit updates as vacancies occur. Investors will appreciate the potential to improve rental income over time while benefiting from immediate cash flow. Situated on an NC155(M)-zoned lot with six tandem parking spaces accommodating up to 12 vehicles, the property also offers long-term redevelopment potential (buyer to verify). Conveniently located near Lake Washington, transit, neighborhood restaurants, shopping, and ongoing community investment, this is a rare opportunity to acquire a well-performing asset with multiple avenues for future growth. Some interior photos have been virtually staged for illustrative purposes only. Virtual staging is limited to furnishings and décor.
Location
State WA
County King
Area 380 - Southeast Seattle
Interior
Flooring Laminate, Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Brick, Wood, Wood Products
View Y/N Yes
View Lake, Partial, Territorial
Roof Type Flat,Torch Down
Building
Lot Description Paved, Sidewalk
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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