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… Read More 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. Read Less
Listing courtesy of eXp Realty
Listing Snapshot
Cumulative Days On Market
4
Days on Website
4
Last Updated
Property Type
Multi Family
Square Ft.
4,590
Lot Size
0.11 Acres
Year Built
1923
Property Tax
$11,605
MLS Number
2548973
30 Days Snapshot Of 98118
$920k
-3%
(avg) sold price
45
+15%
homes sold
44
+4%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Building Area Total: 4590, Building Area Units: Square Feet, Calculated Square Footage: 4590, Elevation Units: Feet, Leasable Area: 4590, Living Area: 0, Number Of Units Total: 7, Stories Total: 3, Structure Type: "Multi Family", Units In Building Total: 7, Year Built: 1923, Year Built Effective: 1984
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listings last updated on ,
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