Presented by: Berkshire Hathaway HS NW and NWMLS
Property Description
Investment opportunity near Lake Washington with peek-a-boo lake views. This 7 Unit complex is consistently occupied with steady income features (4) 2bed/1bath + (3) 1bed/1bath. Currently monthly rental income=$12,200/mo + additional Coin-Op laundry generating $300-$400/mo. Sits on 0.11AC lot w/ 6 tandem spots & park up to 12 cars. Tons of potential with upside in rents. Zoned NC155(M) w/ future potential for redevelopment with increased density + LIHTC. Located in one of the most diverse neighborhoods in the City with local favorites like Jude's & Red Wing Cafe across the street. New businesses and MF housing popping-up around the neighborhood.
Interior Features
Bedrooms
Bedrooms Upper0
Bathrooms
Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringLaminate, Vinyl, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces0
Total Stories3
General
AmenitiesBasement, Coin Op Laundry, Thermal Windows
Building Area Units0 sqft
Cap Rate7.1
Carport Spaces0
Carport Y/NNo
CitySeattle
CoolingNone
CountyKing
DirectionsRainier Ave S x 57th Ave S
Electric Expense0
Energy EfficientThermal Windows
Fuel Expense0
HOANo
HOA Fee$0
HeatingBaseboard, Wall Unit(s)
High School DistrictSeattle
Insurance Expense2831
Leasable Area4,590 sqft
Listing TermsCash, Conventional
Living Area0 sqft
Lot Size Square Feet4,725 sqft
Lot Size UnitsSquare Feet
MLS Area380 - Southeast Seattle
NWM_ShowMapLinkY
Net Operating Income119964
New ConstructionNo
Number Of Units Total7
Open Parking Spaces12
PossessionClosing, See Remarks, Subject to Tenant Rights
Property ConditionFair
Property Style55 - 5-9 Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksInvestment opportunity near Lake Washington with peek-a-boo lake views. This 7 Unit complex is consistently occupied with steady income features (4) 2bed/1bath + (3) 1bed/1bath. Currently monthly re
RoofFlat, Torch Down
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameRainier Beach
Tax Annual Amount$11,605
Tax Year2025
Units Below Gradefalse
Units In Building Total7
ViewLake, Partial, Territorial
Water CompanySeattle Public Utilties
Water Sewer Garbage12600
Year Built1923
Exterior
Building Area Total4,590 sqft
Covered Spaces0
Exterior AmenitiesBrick, Wood, Wood Products
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesPaved, Sidewalk
Lot Size Acres0.1085
Parking Uncovered Spaces12
Site FeaturesCable TV, Gas Available
Total Parking12
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
N/A
Elementary School
N/A
Middle School
N/A
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