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Jenn Pederson

[email protected] +1(808) 205-3000

Listed by:eXp Realty • Velia M Sierra

$ 895,000

Est. payment | -/mo

5 Beds

4 Baths

2,740 SqFt

Save Virtual Tour

$ 895,000

Est. payment | -/mo

Save Virtual Tour

5 Beds

4 Baths

2,740 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,740 sqft

Price per Sqft $326

Subdivision Brighton

MLS Listing ID 2521049

Style 53 - Tri-plex

Bedrooms 5

Year Built 1952

Annual Tax Amount $8,842

Lot Size 5,250 Sqft

Lot Dimensions 5250

Property Sub-Type Multi Family

Property Description

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.

Location

State WA

County King

Area 380 - Southeast Seattle

Interior

Flooring Ceramic Tile, Hardwood

Fireplace false

Exterior

Exterior Feature Brick, Wood Products

Amenities Available Cable TV, Fenced-Partially, Gas Available, Outbuildings, Patio, RV Parking

View Y/N Yes

View Territorial

Roof Type Composition

Building

Lot Description Alley, Paved, Sidewalk

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools M L King Elem

Middle Schools Aki Kurose

High Schools Cleveland High

School District Seattle

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.virtuance.com/listing/4207-s-bateman-st-seattle-washington-2

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Experience the power of collaboration with Jenn and her Team of highly successful experienced professionals who focus obsessively on the details of your unique needs, process, transactional excellence, and exceeding expectations. With an exceptional reputation, you can expect to inherit decades of resources, connections, and industry/market knowledge required to confidently and successfully execute all your real estate needs.

+1(808) 205-3000

[email protected]

4207 S Bateman ST Seattle, WA 98118

Jenn Pederson

Key Details

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Interior

Exterior

Building

Schools

Others

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4207 S Bateman ST