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Listed by:AgencyOne • Deep Paknikar
$ 999,000
Est. payment /mo
Active
10443 17 AVE SW Seattle, WA 98146
7 Beds
4 Baths
3,120 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,120 sqft
Price per Sqft $320
Subdivision White Center
MLS Listing ID 2502279
Style 54 - 4-Plex
Bedrooms 7
HOA Fees $11/mo
Year Built 1969
Annual Tax Amount $3,360
Lot Size 0.390 Acres
Property Sub-Type Multi Family
Property Description
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.
Location
State WA
County King
Area 130 - Burien/Normandy Park
Interior
Fireplace false
Exterior
Exterior Feature Cement Planked
View Y/N No
Roof Type Composition
Building
Sewer Sewer Connected
New Construction No
Schools
School District Highland
Others
Senior Community No
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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