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
Active
Listed by:
Vladimir Grigoriev,
eXp Realty
$5,700,000
4803 S Henderson St, Seattle, WA 98118
45beds
39baths
25,104sqft
Est.:
Multi Family
Built in 1962
-- sqft lot
$5,226,000 Zestimate®
$227/sqft
$-- HOA
What's special
- 24 days
- on Zillow |
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