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About the Listing 4484 - 102926
Fully occupied, income-producing Seattle triplex delivering immediate cash flow with stable rents already in place and a clear path to higher returns. This well-maintained asset features one-year leases with reliable tenants, providing predictable in-place income and stable occupancy from day one. A future utility restructuring creates a realistic opportunity to improve operations and increase returns, with the property currently operating at a 4.35% cap rate and the potential to reach an estimated 6.63% pro forma cap rate at the current list price. Ask for the Investment Snapshot. Ideally located in the desirable Rainier Valley corridor between Hillman City and Brighton, the property offers quick access to Rainier Ave S, I-5, I-90, public transit, cafés, parks, schools, and major employment centers. This turnkey investment is ideal for local, out-of-area, or 1031 exchange buyers seeking a well-leased Seattle multifamily asset with immediate revenue, long-term appreciation potential, and a visible NOI growth strategy. Buyer to comply with all Washington and Seattle tenant-protection laws and honor existing leases. Financials, rent roll, and maintenance history available upon request.
Listing Highlights
Status
Active
Days on Site
15
Property Type
Multi-Family
MLS ®
2521049
Year Built
1952
Total Square Footage
2,740
Lot/Acreage
0.12
County
King
Neighborhood
Brighton
School District
Seattle
Elementary School
M L King Elementary
Middle School
Aki Kurose
High School
Cleveland High
Interior Details
- Bedrooms: 5
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: Ceramic Tile,Hardwood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: SPU
Exterior Details
- Lot Description: Alley,Paved,Sidewalk,Cable TV,Fenced-Partially,Gas Available,Outbuildings,Patio,RV Parking,Zoning: Residential
- Garage Capacity: N/A
- Parking Spaces: 6
- Lot Dimensions: 5250
- Zoning: Residential
- Roof: Composition
- Others: Brick,Wood Products,Very Good
- Sewer: SPU
- Parking Features: RV Parking
Financial Details
- Tax Amount: $8,842
- Taxes w/Assessments: N/A
- Tax/Property ID: 8113100660
- Tax Year: 2026
Payment Calculator
Monthly Payment
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Questions About..
4207 S Bateman St Seattle, WA 98118
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