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About the Listing 5920 - 143290
Exceptional value-add investment opportunity in Seattle's evolving Rainier Beach neighborhood, just moments from Lake Washington. This 7-unit multifamily property features an ideal unit mix of four 2-bedroom/1-bath units and three 1-bedroom/1-bath units, providing strong in-place income with additional revenue from on-site coin-operated laundry. Current ownership has maintained consistent occupancy while offering the next owner the opportunity to enhance value through cosmetic unit updates as vacancies occur. Investors will appreciate the potential to improve rental income over time while benefiting from immediate cash flow. Situated on an NC155(M)-zoned lot with six tandem parking spaces accommodating up to 12 vehicles, the property also offers long-term redevelopment potential (buyer to verify). Conveniently located near Lake Washington, transit, neighborhood restaurants, shopping, and ongoing community investment, this is a rare opportunity to acquire a well-performing asset with multiple avenues for future growth. Some interior photos have been virtually staged for illustrative purposes only. Virtual staging is limited to furnishings and décor.
Listing Highlights
Status
Active
Days on Site
14
Property Type
Multi-Family
MLS ®
2548973
Year Built
1923
Total Square Footage
5,050
Lot/Acreage
0.11
Interior Details
- Bedrooms: 11
- Bathrooms: 8 Full
- Appliances:
- Air Cond:
- Heating: Baseboard,Wall Furnace
- Fireplaces: 0
- Floor: Laminate,Vinyl,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Paved,Sidewalk
- Garage Capacity: N/A
- Parking Spaces: 12
- Roof: Flat,Torch Down
- Others: Brick,Wood,Wood Products,Fair
- Sewer: Seattle Public Utilities
Financial Details
- Tax Amount: $11,605
- Taxes w/Assessments: N/A
- Tax/Property ID: 7129304700
- Tax Year: 2025
Payment Calculator
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Questions About..
9265 57th Ave S Seattle, WA 98118
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