Exceptional value-add investment opportunity in Seattle's evolving Rainier Beach neighborhood, just moments from Lake Washington. This 7-unit multifamily property features an ideal unit mix of four 2-bedroom/1-bath units and three 1-bedroom/1-bath units, providing strong in-place income with additional revenue from on-site coin-operated laundry. Current ownership has maintained consistent occupancy while offering the next owner the opportunity to enhance value through cosmetic unit updates as vacancies occur. Investors will appreciate the potential to improve rental income over time while benefiting from immediate cash flow. Situated on an NC155(M)-zoned lot with six tandem parking spaces accommodating up to 12 vehicles, the property also offers long-term redevelopment potential (buyer to verify). Conveniently located near Lake Washington, transit, neighborhood restaurants, shopping, and ongoing community investment, this is a rare opportunity to acquire a well-performing asset with multiple avenues for future growth. Some interior photos have been virtually staged for illustrative purposes only. Virtual staging is limited to furnishings and décor.
| MLS # | 2548973 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1923 |
| Days On Site | 70 |
| Listing Provided By | Epique Realty | Quirina Maravilla |
| SQ Feet | 4,590 |
|---|---|
| Story(s) | 3 |
| Units | 7 |
| Acreage | 0.11 |
| Property View | Yes |
| Property | 11604 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98118 |
| Area | 380 Southeast Seattle |
| Community Name | Rainier Beach |
| Listing VS Median (in Rainier Beach) | |
Price: $1,699,950 low | high Med: $649,950 sqft: 4,590 low | high Med: 1,070 $ / sqft: $370 low | high Med: $607 On site: 70 low | high Med: 41 | |
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98118 |
| Area | 380 Southeast Seattle |
| Community Name | Rainier Beach |
| Listing VS Median (in Rainier Beach) | |
Price: $1,699,950 low | high Med: $649,950 sqft: 4,590 low | high Med: 1,070 $ / sqft: $370 low | high Med: $607 On site: 70 low | high Med: 41 | |
![]() | $1,999,9509620 Rainier AvenueSeattle, WA 98118 |
![]() | $2,798,0008696 Island DriveSeattle, WA 98118 |