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.

Location

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Basics

Property type: Multi Family
Style: 5-9 Units
Stories: 1 story
Condition: Good
Year built: 1955
Lot size: 7,970 sq ft (0.18 acres)
County: King
MLS #: NWM2413358

Interior

Heating: Baseboard
Cooling: None
Flooring: Laminate

Exterior & lot

Exterior features: Wood Products
Roof: Composition
Foundation: Poured Concrete
Lot features: Curbs, Paved, Sidewalk
Waterfront: No

Utilities

Water: Public
Sewer: Sewer Connected
Power: Electric

Community & fees

Subdivision: Rainier Valley
Property tax: $12,719 (2024)

Transaction

Original list price: $1,699,000 (6.5% price cut)
Listed on: Jul 28, 2025
Days on market: 418
Listing terms: Cash, Conventional, Owner Will Carry
Possession: Closing

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Sale history

Earlier listings of this home on the MLS.

2014-01-27: Sold$450,000

Schools

School district: Seattle

Elementary: Seattle Public Sch
Middle: Seattle Public Sch
High: Rainier Beach High School
SchoolDigger 1 star · Top 79% in WA

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Listing provided courtesy of: Torre Realty

Listing agent: Elena Pike.

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 provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Data last updated 2026-09-17.