10441 17th Ave SW - Multi-Family FOR SALE


Seattle, WA 98146- Highline
$999,000 USD
425-272-5398
10441 17th Ave SW, Seattle, WA for Sale
$999,000 USD
Multi-Family - FOR SALE
1/48
null | 6.84% Cap Rate

10441 17th Ave SW
Seattle, WA 98146
Highline


HIGHLIGHTS

  • All updates units with long term tenants are below market rents. Upside with proforma rents.
  • Lots of natural light, reserved parking, decks/yards and in unit laundry.
  • Conveniently located for easy commute to Seattle and walking distance to local amenities.

OVERVIEW

Exceptional opportunity to acquire a fully renovated, income-producing 4-plex in Seattle’s highly competitive 98146 rental corridor. Priced aggressively under $1M, this stabilized multifamily asset is expected to generate **strong immediate interest and multiple offers** due to its turnkey condition, income stability, and limited availability of similar assets in this price range. Comprehensively renovated in 2025, the property features four well-designed 2BD/1BA units, each offering strong tenant appeal, in-unit washer/dryer, private outdoor space (decks/patios/yards), and reserved parking. All units are occupied by stable long-term tenants at $1,800/month, producing $86,400 in annual gross income with a NOI of approximately $68,354, reflecting a 6.84% cap rate with clear upside potential. Market rents in the area continue trending toward $1,950+/month, providing immediate and achievable rent-growth upside without additional capital improvements. The property benefits from consistent rental demand driven by proximity to employment centers, transit access, neighborhood amenities. The 98146 corridor continues to experience strong investor demand due to limited inventory of renovated small multifamily assets. This is a **true turnkey, low-maintenance investment** ideal for buy-and-hold investors, house hackers, and 1031 exchange buyers seeking immediate deployment of capital in a stabilized asset with upside. Financials, rent roll, and expense breakdown available upon request.

FOR SALE DETAILS

PRICE

$999,000 USD

PRICE/SF

$320 USD /SF

# OF UNITS

4

PRICE/UNIT

$249,750

CAP RATE

6.84%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Income producing 4-plex

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1992

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

R48

APN/PARCEL ID

235295-0000

ASK ABOUT THIS PROPERTY

Deep PaknikarAgencyoneMore Info
425-272-5398

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Deep PaknikarAgencyoneMore Info
425-272-5398

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.