4803 S Henderson St new to site Save Request In-Person Tour Request Virtual Tour
Seattle,WA 98118
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 25,104 sqft
Price per Sqft $227
Subdivision Rainier Beach
MLS Listing ID 2413984
Style 56 - 10+ Units
Bedrooms 45
Year Built 1962
Annual Tax Amount $73,394
Lot Size 0.758 Acres
Property Sub-Type Multi Family
Property Description
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
Location
State WA
County King
Area 380 - Southeast Seattle
Interior
Flooring Vinyl,Carpet
Exterior
Exterior Feature Cement/Concrete
Amenities Available Dock,Fenced-Partially
View Y/N Yes
View Territorial
Roof Type Flat
Building
Lot Description Alley,Paved
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Buyer To Verify
School District Seattle
Others
Acceptable Financing Cash Out,See Remarks
Listing Terms Cash Out,See Remarks