9265 57th Avenue S, Seattle, WA 98118
- $1,699,950
- 4,590
- SqFt
Listing courtesy of eXp Realty.
- List Price
- $1,699,950
- Status
- ACTIVE
- MLS#
- 2548973
- Days on Market
- 24
- Style
- 55 - 5-9 Units
- Building Condition
- Fair
- Finished SqFt
- 4,590
- Area Total SqFt
- 4590
- Annual Tax Ammount
- 11604.78
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 4,725
- Sewer
- Sewer Connected
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.
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Additional Information
- List Date
- 2026-07-02 21:01:14
- Community
- Rainier Beach
- Net Operating Income
- $119,964
- Gross Adjusted Income
- $147,000
- Gross Scheduled Income
- $150,000
- Total Monthly Income
- $12,500
- Insurance Expenses
- $2,831
- Water/Sewer/Garbage Expenses
- $12,600
- Total Expenses
- $27,035
- Cap Rate
- 7.1
- Vacancy Rate
- 2
- Total Number of Units
- 7
- Unit Name
- 9265
- Potential Terms
- Cash, Conventional
- Year Built
- 1923
- View
- Lake, Partial, Territorial
- Roof
- Flat, Torch Down
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $12,500
- Gross Scheduled Income
- $150,000
- Vacancy Rate
- 2
- Gross Adjusted Income
- $147,000
- Tax Year
- 2025
- Insurance Expense
- $2,831
- W/S/G Expenses
- $12,600
- Total Expenses
- $27,035
- Net Operating Income
- $119,964
- Cap Rate
- 7.1
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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.