Listed by eXp Realty
$5,700,000

4803 S Henderson St Seattle, WA 98118

Dunlap Neighborhood

Estimated payment $36,485/month

Total Views 3,645
45 Beds
39 Baths
25,104 Sq Ft
$227 Price per Sq Ft

Highlights

  • Docks
  • Territorial View
  • Baseboard Heating
  • 0.76 Acre Lot
  • No HOA
  • Partially Fenced Property

About This Home

Prime 39-unit apt building in a high-demand Seattle submarket, just blocks from light rail and minutes to Boeing, the Port of Seattle, and Downtown. This stabilized asset provides immediate cash flow with significant upside through value-add potential. The property features 33 one bed and 6 two-bed units across three levels. 15 units updated (3 in 2024), achieving rent premiums of ~$400/month. 24 units remain in original condition—ideal for renovation. Additional income potential from building out studio units ($79K+/yr), paid parking, coin-op laundry, and rentable storage.Electrical-24 panels updated in 2010.Plumbing-18 units updated in 2010. Windows replaced in 2000.Stucco and roof updated in 2010.Call the listing agent with any questions

Listing Agent

Vladimir Grigoriev

eXp Realty License #140172 Listed on: 07/29/2025

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2413984

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $73,394

Year Built

  • Built in 1962

Lot Details

  • 0.76 Acre Lot
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Flat Roof Shape
  • Poured Concrete

Interior Spaces

  • 25,104 Sq Ft Home
  • 3-Story Property
  • Territorial Views

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 45 Bedrooms
  • 39 Bathrooms

Parking

  • 40 Parking Spaces
  • Open Parking

Additional Features

  • Docks
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Rainier Beach Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2123700355

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$73,394

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1962
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 25104
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Commercial, Multi-Family, Residential
  • Total Bedrooms: 45
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Basement,Coin Op Laundry,Storage

Exterior Features

  • Roof: Flat
  • View: Territorial
  • Lot Features: Alley, Paved
  • View: Yes
  • Waterfront: No
  • Construction Type: Concrete
  • Exterior Features: Cement/Concrete
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Multi Family
  • ConstructionMethods: Steel & Concrete

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 40
  • Open Parking: Yes
  • Total Parking Spaces: 40
  • ParkingUncoveredSpaces: 40

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Partially Fenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Seattle City Light
  • SewerCompany: Seattle
  • WaterCompany: Seattle
  • WaterSewerGarbage: 54000

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 2123700355
  • Lot Size Acres: 0.7576
  • Lot Size Sq Ft: 33000
  • Zoning Description: Commercial,Multi-Family,Residential
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Dock,Fenced-Partially
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 14
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 47060

Multi Family

  • Gross Scheduled Income: 562800
  • Net Operating Income: 384886
  • Number Of Units Total: 39
  • Electric Expense: 4320
  • Insurance Expense: 42000
  • Leasable Area: 30891
  • EnergySource: Electric
  • UnitsInBuildingTotal: 39
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2025
  • Tax Annual Amount: 73394

MLS Schools

  • Elementary School: Buyer To Verify

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2025 07/29/25 For Sale $5,700,000 0.0% $227 / Sq Ft
10/08/2024 10/08/24 Off Market $1,900 -- --
09/05/2024 09/05/24 For Rent $1,900 -- --
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2413984

Northwest Multiple Listing Service (NWMLS)
Washington King County Seattle 98118 Dunlap

4803 S Henderson St, Seattle, WA

This home is located at 4803 S Henderson St, Seattle, WA 98118 and is currently priced at $5,700,000, approximately $227 per square foot. This property was built in 1962. 4803 S Henderson St is a home located in King County with nearby schools including Dunlap Elementary School, Aki Kurose Middle School, and Rainier Beach High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) 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. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. 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, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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Vladimir Grigoriev
Listing Agent
Vladimir Grigoriev
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eXp Realty
(206) 895-2833