9265 57th Avenue S, Seattle, WA 98118 (MLS # 2324823)
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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!
| DAYS ON MARKET | 2 | LAST UPDATED | 1/22/2025 |
|---|---|---|---|
| TRACT | Rainier Beach | YEAR BUILT | 1923 |
| COMMUNITY | Rainier Beach | COUNTY | King |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Emerson |
|---|---|
| Jr. High School | Aki Kurose |
| High School | Rainier Beach High |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | 380 - Southeast Seattle |
| CONSTRUCTION | Brick, Metal Siding, Vinyl Siding, Wood Siding |
| HEAT | Electric, Forced Air |
| INTERIOR | Laminate, Wall to Wall Carpet |
| LOT | 4726 sq ft |
| LOT DESCRIPTION | Paved, Sidewalk |
| STORIES | 3 |
| STYLE | 55 - 5-9 Units |
| SUBDIVISION | Rainier Beach |
| TAXES | 11837 |
| UTILITIES | Sewer Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Lake, Territorial |
| WATER | Public |
| SATELLITE VIEW |
| / | |
Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 1/23/25 4:50 PM PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.
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