Henderson Arms Apartments, a value-add multifamily property located in the Rainier Beach neighborhood of Seattle’s Rainier Valley submarket. The property presents a compelling opportunity for investors seeking stable in-place income, value-add upside, and long-term ownership in a high demand and supply-constrained rental corridor. Henderson Arms Apartments is comprised of a… Read More desirable mix of 33-1bed/1bath and 6-2bed/1bth units. The units consist of a blend of updated and classic finishes, offering immediate rental appeal with clear upside through strategic renovations. Building features include double-pane windows, secured entry, private balconies, ample storage and common-area laundry facilities. The property also presents the potential for additional unit development with a largely unutilized full height basement, providing an attractive path to increase density and future income. Off-street parking and a well-maintained residential setting further enhance tenant appeal and retention. Situated in a strong Seattle rental market, Henderson Arms benefits from convenient access to major transit routes, neighborhood retail, parks, and employment centers throughout Downtown Seattle, Columbia City, and the broader I-5 corridor. The surrounding area continues to experience steady renter demand driven by affordability constraints and proximity to regional job hubs Read Less
Listing courtesy of Paragon Real Estate Advisors
Listing Snapshot
Cumulative Days On Market
1
Days on Website
1
Last Updated
Property Type
Multi Family
Square Ft.
25,104
Lot Size
0.76 Acres
Year Built
1962
Property Tax
$89,417
MLS Number
2563789
30 Days Snapshot Of 98118
$788k
-12%
(avg) sold price
37
-21%
homes sold
46
+4%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Building Area Total: 25104, Building Area Units: Square Feet, Calculated Square Footage: 25104, Construction Materials: Brick, Elevation Units: Feet, Leasable Area: 25104, Living Area: 0, Number Of Units Total: 39, Stories Total: 4, Structure Type: Multi Family, Units In Building Total: 39, Year Built: 1962
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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