1461 Rainier Ct - Apartments FOR SALE


Fircrest, WA 98466
$3,675,000 USD
206-931-6036
1461 Rainier Ct, Fircrest, WA for Sale
$3,675,000 USD
Apartments - FOR SALE
1/16
null | 6.87% Cap Rate

1461 Rainier Ct
Fircrest, WA 98466


OVERVIEW

Rare opportunity to acquire three adjacent fourplexes (12 units total) each on separate parcels in the highly desirable community of Fircrest. Offered at a strong 6.9% cap rate, well-maintained by the same dedicated owners for 21 years, providing immediate cash flow and long-term upside. Each 1,030 SqFt unit is 2 bed, 1.5 bath, w/ in-unit wash/dryer. Fully occupied with quality tenants and clear rent growth potential. Lower units feature private yards; upper units have patios. Located near top-rated schools, parks, shopping, and commuter routes, this asset is well-positioned in a high-demand market. Separate parcels offer flexible exit strategies, making it an ideal fit for both seasoned investors and those building a strong portfolio.

FOR SALE DETAILS

PRICE

$3,675,000 USD

PRICE/SF

$298 USD /SF

# OF UNITS

12

PRICE/UNIT

$306,250

CAP RATE

6.87%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fircrest Villa

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,467 SF

ZONING

R-20

APN/PARCEL ID

555100-0014

ASK ABOUT THIS PROPERTY

Charles BurnettSound Property Group / KW CommercialMore Info
206-931-6036

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Charles BurnettSound Property Group / KW CommercialMore Info
206-931-6036

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