$1,699,950
 $9,126 est/mo Sourced by Back At You

9265 57th Avenue,Seattle, WA 98118

Seattle, WA 98118

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Description

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.

Details

MLS #2548973
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1923
Days On Site70
Listing Provided ByEpique Realty | Quirina Maravilla

Features

SQ Feet4,590
Story(s)3
Units7
Acreage0.11
Property ViewYes

Taxes

Property11604

Area Information

StateWA
CountyKing
CitySeattle
Zip Code98118
Area380 Southeast Seattle
Community NameRainier Beach
Listing VS Median (in Rainier Beach)
Price:
$1,699,950
low | high
Med:
$649,950
100% of Average
sqft:
4,590
low | high
Med:
1,070
100% of Average
$ / sqft:
$370
low | high
Med:
$607
14.010898616314% of Average
On site:
70
low | high
Med:
41
100% of Average
Sourced by Back At You

Market Activity 98118

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Learn More About This Property

StateWA
CountyKing
CitySeattle
Zip Code98118
Area380 Southeast Seattle
Community NameRainier Beach
Listing VS Median (in Rainier Beach)
Price:
$1,699,950
low | high
Med:
$649,950
100% of Average
sqft:
4,590
low | high
Med:
1,070
100% of Average
$ / sqft:
$370
low | high
Med:
$607
14.010898616314% of Average
On site:
70
low | high
Med:
41
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $1.274M - $2.124M
sqft: 3,000 - 5,500
Nearby Listings Property ImageNearby Listings Details
9620 Rainier Avenue Property Photo 1
$1,999,950
9620 Rainier Avenue
Seattle, WA 98118
8696 Island Drive Property Photo 1
$2,798,000
8696 Island Drive
Seattle, WA 98118
Listing Updated: September 4, 2026 at 2:31:29 PM PDT