9265 57th Avenue S
Seattle, WA 98118
4590 sqft | 0.11 acres | #2324823
Description
Now offered at a newly improved price of $1,799,888, this 7-unit apartment building is a prime income-generating opportunity. With a 2% vacancy rate, 6.19% cap rate, and $12,125 in total monthly income, you’ll enjoy a robust $111,500 net operating income. The unit mix includes four 2-bed/1-bath and three 1-bed/1-bath units, with some featuring partial Lake Washington views. Tenants benefit from nearby grocery stores, local dining, coffee shops, auto parts stores, and easy access to Seward Park—all within close proximity. With a 12.71 Gross Rent Multiplier and potential for additional income streams, this property is a solid long-term investment. Don’t miss out on this cash-flowing gem—the perfect addition to your portfolio!
Property Details
- InteriorLaminate, Wall to Wall Carpet
- Exterior MaterialsBrick, Metal/Vinyl, Wood
- High SchoolRainier Beach High
- ViewLake, Territorial
- Lot DescriptionPaved, Sidewalk
- Date ListedJanuary 22, 2025
- FoundationPoured Concrete
- Sewer InformationSewer Connected
- Style55 - 5-9 Units
- SubdivisionRainier Beach
- Property TypeMulti-Family
- Property SubtypeMulti-Family
- Structure TypeMulti Family
- Middle SchoolAki Kurose
- Original List Price$1,799,888
- School DistrictSeattle
- Elementary SchoolEmerson
- Taxes Annual$11,837
- MLS #2324823
- Cost1799888
- MLS #2324823
- Acres0.1085
- Utility SourcePublic
- Square Feet4590
- Year Built1923
- CountyKing
- Property ConditionGood
- Stories3
- Days on Market (Cumulative)1
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2025-01-23 01:03:08. 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.
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. Listings that feature the "three tree" icon are provided courtesy of NWMLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Copyright 2024 Northwest Multiple Listing Service. All rights reserved.
Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Devin Gordon Sr (#NWM138786)
Listing Office: CENTURY 21 North Homes Realty (#NWM7308)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
