9265 57th Avenue S Seattle WA 98118 MLS #NWM2324823

Listing Provided Courtesy of CENTURY 21 North Homes Realty
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!

Property Details

Price:
$1,799,888
MLS #:
NWM2324823
Status:
Active
Beds:
0
Baths:
0
Address:
9265 57th Avenue S
Type:
Multi Family
Subtype:
Multi-Family
Subdivision:
Rainier Beach
Neighborhood:
380 – Southeast Seattle
City:
Seattle
Listed Date:
Jan 22, 2025
State:
WA
Finished Sq Ft:
4,590
Total Sq Ft:
4,590
ZIP:
98118
Lot Size:
4,725 sqft / 0.11 acres (approx)
Year Built:
1923
Units:
6

Schools

School District:
Seattle
Elementary School:
Emerson
Middle School:
Aki Kurose
High School:
Rainier Beach High

Interior

Cooling
None
Flooring
Laminate, Carpet
Heating
Forced Air

Exterior

Exterior Features
Brick, Metal/ Vinyl, Wood
Parking Spots
10
Roof
Composition

Financial

Net Operating Income
$111,500
Tax Year
2024
Taxes
$11,837

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9265 57th Avenue S
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