7410 Rainier Avenue S, Seattle, WA 98118

$1,589,000

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Listing courtesy of Torre Realty.

List Price
$1,589,000
Status
ACTIVE
MLS#
2413358
Price Change
▼ $6,000 1782016809
Days on Market
363
Style
55 - 5-9 Units
Building Condition
Good
Annual Tax Ammount
12719
Lot Size (sq ft)
7,970
Sewer
Sewer Connected

Property Description

Prime 7-Unit Investment Opportunity Just 15 Minutes from Downtown Seattle. Located in a high-demand area, this fully occupied 7-unit property offers strong cash flow and excellent rental history. Zoned LR3, the site allows for a variety of redevelopment options. The next door property—also zoned LR3—is also listed for sale, creating the potential for a larger-scale development. All units have been tastefully updated, including kitchens, bathrooms, and flooring. Additional income is generated through coin-operated laundry on-site. A rare chance to invest or build in one of Seattle’s most strategic locations.

Additional Information

List Date
2025-07-28 23:43:11
Community
Rainier Valley
Net Operating Income
$59,188
Gross Adjusted Income
$105,947
Gross Scheduled Income
$105,947
Total Monthly Income
$9,040
Insurance Expenses
$2,038
Water/Sewer/Garbage Expenses
$3,553
Gross Rent Multiplier
16
Total Expenses
$46,759
Cap Rate
3
Total Number of Units
7
Unit Name
7410
Potential Terms
Cash, Conventional, Owner Will Carry
Year Built
1955
Roof
Composition
Electric Expenses
1000
Other Expenses
25449
Energy Source
Electric
School District
Seattle
Elementary School
Seattle Public Sch
Middle School
Seattle Public Sch
High School
Rainier Beach High
Total Monthly Income
$9,040
Gross Scheduled Income
$105,947
Gross Adjusted Income
$105,947
Tax Year
2024
Insurance Expense
$2,038
W/S/G Expenses
$3,553
Total Expenses
$46,759
Net Operating Income
$59,188
Gross Rent Multiplier
16
Cap Rate
3
Based on information submitted to the MLS GRID as of . 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.
IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks