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About the Listing 7912 - 82707,146904
Rare Vashon investment and development opportunity! This established 5-unit multifamily property offers immediate income with future upside. The versatile mix includes a studio, two 2BR/1BA and two 3BR/1BA apartments with a history of strong occupancy. Current rents have intentionally been maintained below estimated fair-market levels, offering potential for increased rental income over time. Most units include a private washer & dryer and four units include fireplaces. The building has a newly installed roof, a significant infrastructure upgrade. The .75-acre R12-zoned parcel includes 6 water shares—an exceptional asset for future possibilities. Even more compelling, two contiguous R12SO-zoned parcels are also available, together offering 6 additional water shares. Acquisition of all three properties creates a rare assemblage opportunity with 12 total water shares, existing multifamily income and significant potential for a larger development vision. Explore the possibilities while benefiting from income already in place. Buyer to verify zoning, water availability, development potential and all intended uses. Please respect tenant privacy; no interior access without confirmed appointment.
Listing Highlights for 17416 97th Ave SW
Interior Details
- Bedrooms: 10
- Bathrooms: 5 Full
- Appliances:
- Air Cond:
- Heating: Baseboard,Wall Furnace
- Fireplaces: 0
- Floor: Laminate,Vinyl Plank,Carpet
- Basement:
- Other:
- Water: KC Dist 19
Exterior Details
- Lot Description: Dead End Street,Cable TV,Fenced-Partially,Gas Available,High Speed Internet,Outbuildings,Zoning: Multi-Family
- Garage Capacity: N/A
- Parking Spaces: 7
- Lot Dimensions: 171 'X 169'
- Zoning: Multi-Family
- Roof: Composition
- Others: Wood,Good
- Sewer: Vashon Sewer
- Parking Features: Covered
Financial Details
- Tax Amount: $12,001
- Taxes w/Assessments: N/A
- Tax/Property ID: 8884400030
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
17416 97th Ave SW Vashon, WA 98070
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