13301 56th Ave S - Apartments FOR SALE


Seattle, WA 98178
$1,495,000 USD
206-769-8882
13301 56th Ave S, Seattle, WA for Sale
$1,495,000 USD
Apartments - FOR SALE
1/33
null | 8.7% Cap Rate

13301 56th Ave S
Seattle, WA 98178


HIGHLIGHTS

  • Turn Key, move in ready. Solid tenant base with zero vacancy. Superior location. Opportunity for additional unit expansion.

OVERVIEW

A truly rare riverfront investment opportunity in the heart of Tukwila. Set on approximately 150' of scenic river frontage, this 1.31-acre gated, park-like estate offers immediate income with exceptional long-term redevelopment potential. The property features a 2,400 sq ft single-family residence with 3 bedrooms and 1.75 baths, plus six detached, income-producing cottages thoughtfully arranged across a level, usable lot. The setting is serene and private, with mature landscaping, river views, and a sense of retreat rarely found this close to urban amenities. Current ownership has invested heavily in improvements. Units 1–5 were comprehensively remodeled in 2017, including new plumbing, electrical, roofs, kitchens, bathrooms, flooring, lighting, fixtures, and fresh interior/exterior paint. All six cottages are equipped with mini-split heating and A/C, dedicated storage units, and APP-paid laundry, supporting strong tenant demand and consistent rental income. Covered parking and additional on-site storage enhance both functionality and tenant appeal. Zoned LDR, the property now benefits from new Middle Housing zoning, unlocking substantial expansion and redevelopment options - (buyer to verify). Whether held as a cash-flowing asset or repositioned for future development, the upside is compelling. Ideal for owner-occupants seeking supplemental income, 1031 exchange? builder/developer? This is a turnkey investment today with redevelopment possibilities for tomorrow.

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$422 USD /SF

# OF UNITS

7

PRICE/UNIT

$213,571

CAP RATE

8.7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1939

PARKING SPACES

13

LAND DETAILS

LAND ACRES

1.29 AC

LAND SF

56,099 SF

ZONING

SR, Seattle

APN/PARCEL ID

217200-0080

ASK ABOUT THIS PROPERTY

Leslie NewmanRE/MAX All CityMore Info
206-769-8882

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Leslie NewmanRE/MAX All CityMore Info
206-769-8882

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