4207 S Bateman Street, Seattle, WA 98118

$860,000
2,740
SqFt

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Listing courtesy of eXp Realty.

List Price
$860,000
Status
ACTIVE
MLS#
2521049
Price Change
▼ $35,000 1785113086
Days on Market
76
Style
53 - Tri-plex
Building Condition
Very Good
Finished SqFt
2,740
Area Total SqFt
2740
Annual Tax Ammount
8842
Lot Size (sq ft)
5,250
Sewer
Sewer Connected

Property Description

**New Price** Discover the investment potential of this well-located Seattle triplex! Fully occupied Seattle triplex offering immediate income and long-term investment upside in the Rainier Valley corridor. Two 1BR/1BA units plus a spacious 3BR/2BA provide diversified rental income, with in-place base rents offering potential for future growth as leases and applicable regulations allow. SIX off-alley parking spaces provide a rare and valuable amenity, enhancing tenant convenience and long-term rental appeal. Each unit includes range/oven, refrigerator, dishwasher, and washer/dryer. Documented multi-year maintenance history reflects consistent property care and upkeep. Conveniently located between Hillman City and Brighton with access to Rainier Ave S, I-5, I-90, light rail, transit, parks, neighborhood amenities and major employment centers. An attractive opportunity for investors or 1031 exchange buyers seeking an occupied Seattle multifamily asset with income from day one and future optimization potential. Financials, rent roll, and maintenance records available for buyer review. Buyer to verify financial information and comply with existing leases and applicable landlord-tenant requirements.

Additional Information

List Date
2026-05-11 20:21:11
Community
Brighton
Net Operating Income
$38,963
Gross Adjusted Income
$68,970
Gross Scheduled Income
$72,600
Total Monthly Income
$5,400
Insurance Expenses
$756
Water/Sewer/Garbage Expenses
$11,908
Gross Rent Multiplier
12.33
Total Expenses
$30,006
Cap Rate
4.35
Vacancy Rate
5
Total Number of Units
3
Unit Name
4207
Potential Terms
Cash, Conventional
Year Built
1952
View
Territorial
Roof
Composition
Site Features
Cable TV, Fenced-Partially, Gas Available, Outbuildings, Patio, RV Parking
Electric Expenses
4820
Energy Source
Electric, Natural Gas
School District
Seattle
Elementary School
M L King Elem
Middle School
Aki Kurose
High School
Cleveland High
Total Monthly Income
$5,400
Gross Scheduled Income
$72,600
Vacancy Rate
5
Gross Adjusted Income
$68,970
Tax Year
2026
Insurance Expense
$756
W/S/G Expenses
$11,908
Total Expenses
$30,006
Net Operating Income
$38,963
Gross Rent Multiplier
12.33
Cap Rate
4.35
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.

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