Listed by Torre Realty
$1,599,000
$100K PRICE DROP

Estimated payment $9,430/month

Total Views 3,743
7 Beds
7 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • No HOA
  • Baseboard Heating
  • 1-Story Property

About This Home

Prime 7-Unit Investment Opportunity Just 15 Minutes from Downtown Seattle. Located in a high-demand area, this fully occupied 7-unit property offers strong cash flow and excellent rental history. Zoned LR3, the site allows for a variety of redevelopment options. The next door property—also zoned LR3—is also listed for sale, creating the potential for a larger-scale development. All units have been tastefully updated, including kitchens, bathrooms, and flooring. Additional income is generated through coin-operated laundry on-site. A rare chance to invest or build in one of Seattle’s most strategic locations.

Listing Agent

Elena Karpova

Torre Realty License #120518 Listed on: 07/28/2025

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2413358

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,719

Year Built

  • Built in 1955

Lot Details

  • 7,970 Sq Ft Lot
  • Property is in good condition

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 1-Story Property
  • Laminate Flooring

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Bathrooms

Parking

  • 7 Parking Spaces
  • Open Parking

Schools

  • Seattle Public Sch Elementary And Middle School
  • Rainier Beach High School

Utilities

  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Rainier Valley Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2624049182

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,719

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1955
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 0
  • Special Features: None

Interior Features

  • Possible Use: Business, Commercial, Multi-Family, Office, Residential, Retail
  • Total Bedrooms: 7
  • Fireplace: No
  • Flooring: Laminate
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Basement,Coin Op Laundry

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 7

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Seattle
  • SewerCompany: Seattle
  • WaterCompany: Seattle

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • Annual Fuel Expense: 2000

Schools

  • Junior High Dist: Seattle
  • High School: Rainier Beach High
  • Middle Or Junior School: Seattle Public Sch

Lot Info

  • Parcel Number: 2624049182
  • Lot Size Acres: 0.183
  • Lot Size Sq Ft: 7970
  • Zoning Description: Business,Commercial,Multi-Family,Office,Residential,Retail
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 9040

Tax Info

  • Year: 2024
  • Tax Annual Amount: 12719

Multi Family

  • Number Of Units Total: 7
  • Electric Expense: 1000
  • EnergySource: Electric
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Seattle Public Sch

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 List to Sale Price per Sq Ft Prior Sale
09/12/2025 09/12/25 Price Changed $1,599,000 -5.8% --
09/08/2025 09/08/25 Price Changed $1,697,000 -0.1% --
07/28/2025 07/28/25 For Sale $1,699,000 +277.6% --
01/27/2014 01/27/14 Sold $450,000 -14.3% $114 / Sq Ft View Prior Sale
09/17/2013 09/17/13 Pending -- -- --
01/09/2012 01/09/12 For Sale $525,000 -- $133 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2413358

Northwest Multiple Listing Service (NWMLS)