9265 57th AVE S Active 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 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 Sub-Type Multi-Family
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
Flooring Laminate,Carpet
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
Acceptable Financing Cash Out,Conventional,FHA,VA Loan
Listing Terms Cash Out,Conventional,FHA,VA Loan
Virtual Tour https://www.zillow.com/view-imx/1fec8035-bbab-43e5-a792-a5fee4a39808?initialViewType=pano