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.
LAST UPDATED
|
8/5/2025
|
NEIGHBORHOOD
|
Rainier Beach
|
YEAR BUILT
|
1923
|
COMMUNITY
|
Rainier Beach
|
COUNTY
|
King
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Multi Family
|
|
|
AIR |
None |
AREA |
380 - Southeast Seattle |
BASEMENT |
Yes |
CONSTRUCTION |
Brick, Wood Siding |
HEAT |
Baseboard, Electric |
LOT |
4726 sq ft |
LOT DESCRIPTION |
Paved, Sidewalk |
MLS STATUS |
Active |
STORIES |
3 |
STYLE |
55 - 5-9 Units |
SUBDIVISION |
Rainier Beach |
TAXES |
11604.78 |
UTILITIES |
Cable Available, Sewer Connected |
VIEW |
Yes |
VIEW DESCRIPTION |
Lake, Territorial |
WATER |
Public |
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Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 8/6/25 10:44 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.
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