8322 Wabash Avenue S Seattle WA 98118 MLS #NWM2373665

Listing Provided Courtesy of Skyline Properties, Inc.
Newly remodeled 4-plex features major upgrades including a new roof, updated electrical and plumbing systems, and in-unit washer and dryer in each unit. 3 units have been tastefully renovated, while 1 unit remains in its original condition. Over $350,000 in recent upgrades ensure a low-maintenance investment, while the property brings in strong rental income at approximately $10,000/month with 8.4% cap rate. Zoned LR2(M) on a large lot, ideal for future development. Blocks from the Seattle Public Library, Rainier Beach, light rail, grocery stores, and restaurants. Perfect for investors or owner-occupants—live in one unit and let the others pay your mortgage.

Property Details

Price:
$1,195,000
MLS #:
NWM2373665
Status:
Active
Beds:
0
Baths:
0
Address:
8322 Wabash Avenue S
Type:
Multi Family
Subdivision:
Seattle
Neighborhood:
380 – Southeast Seattle
City:
Seattle
Listed Date:
May 9, 2025
State:
WA
Finished Sq Ft:
3,740
Total Sq Ft:
3,740
ZIP:
98118
Lot Size:
6,000 sqft / 0.14 acres (approx)
Year Built:
1958
Units:
4

Schools

School District:
Seattle

Interior

Cooling
None
Flooring
Ceramic Tile, Laminate
Heating
Baseboard

Exterior

Construction Materials
Brick, Wood
Exterior Features
Brick, Wood
Parking Spots
4
Roof
Composition

Financial

Net Operating Income
$99,864
Tax Year
2024
Taxes
$8,323

Map

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8322 Wabash Avenue S
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