9265 57th Avenue S Seattle, WA 98118
Listing Courtesy of: Northwest MLS / Century 21 North Homes Realty / Devin Gordon

  9265 57th Avenue S Seattle, WA 98118

Active (14 Days)
$1,799,888

Description

Now offered at a newly improved price of $1,799,888, this 7-unit apartment building is a prime income-generating opportunity. With a 2% vacancy rate, 6.19% cap rate, and $12,125 in total monthly income, you’ll enjoy a robust $111,500 net operating income. The unit mix includes four 2-bed/1-bath and three 1-bed/1-bath units, with some featuring partial Lake Washington views. Tenants benefit from nearby grocery stores, local dining, coffee shops, auto parts stores, and easy access to Seward Park—all within close proximity. With a 12.71 Gross Rent Multiplier and potential for additional income streams, this property is a solid long-term investment. Don’t miss out on this cash-flowing gem—the perfect addition to your portfolio!

MLS #:
2324823
Taxes
$11,837(2024)
Lot Size
4,725 SQFT
Type
Multifamily
Year Built
1923
Style
5-9 Units
Views
Territorial, Lake
School District
Seattle
County
King County
Community
Rainier Beach

Listed By

Devin Gordon, Century 21 North Homes Realty
Source
Northwest MLS as distributed by MLS Grid
Last checked Feb 5 2025 at 10:18 AM GMT+0000
Bathroom Details
Interior Features
  • Wall to Wall Carpet
  • Laminate
Subdivision
  • Rainier Beach
Lot Information
  • Sidewalk
  • Paved
Property Features
  • Fireplace: 0
  • Foundation: Poured Concrete
Heating and Cooling
  • Forced Air
Flooring
  • Carpet
  • Laminate
Exterior Features
  • Wood
  • Metal/Vinyl
  • Brick
  • Roof: Composition
Utility Information
  • Sewer: Sewer Connected
  • Fuel: Electric
  • Energy: Green Generation:, Green Efficiency:, Green Verification:
School Information
  • Elementary School: Emerson
  • Middle School: Aki Kurose
  • High School: Rainier Beach High
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
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Interest rate
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Mortgage calculator estimates are provided by C21 North Homes Realty and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Based on information submitted to the MLS GRID as of 2/5/25 02:18. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.