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David & Erin Chamberlin

Coldwell Banker Central

chamberlinteam@gmail.com +1(425) 870-4010

Listed by CENTURY 21 North Homes Realty

$ 1,799,888

Est. payment -/mo

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Active

9265 57th AVE S Seattle, WA 98118

9 Beds

6 Baths

4,590 SqFt

UPDATED:

02/06/2025 10:38 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,590 sqft

Price per Sqft $392

Subdivision Rainier Beach

MLS Listing ID 2324823

Style 55 - 5-9 Units

Bedrooms 9

Year Built 1923

Annual Tax Amount $11,837

Lot Size 4,725 Sqft

Property 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!

Location

State WA

County King

Area 380 - Southeast Seattle

Interior

Interior Features Laminate, Wall to Wall Carpet

Flooring Laminate, Carpet

Fireplace false

Exterior

Exterior Feature Brick, Metal/Vinyl, Wood

View Y/N Yes

View Lake, Territorial

Roof Type Composition

Building

Lot Description Paved, Sidewalk

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Emerson

Middle Schools Aki Kurose

High Schools Rainier Beach High

School District Seattle

Others

Senior Community No

Acceptable Financing Cash Out, Conventional, FHA, VA Loan

Listing Terms Cash Out, Conventional, FHA, VA Loan

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"Three Trees" icon indicates a listing provided courtesy of NWMLS.

David & Erin Chamberlin

Agent

+1(425) 870-4010

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David & Erin Chamberlin

9265 57th AVE S Seattle, WA 98118

Key Details

Location

Interior

Exterior

Building

Schools

Others

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9265 57th AVE S