Turnkey Renovated
10443 17 Avenue SW Seattle, WA 98146
10443 17 Avenue SW, Seattle, WA, 98146
$980,000
For Sale
$980,000
Fully renovated 2025 fourplex with in-unit washer/dryer, private outdoor space, and reserved parking, 100% leased.
Property Size3,120 SF
Price / SF$314.10
Days on Market112
Property Features for 10443 17 Avenue SW
General Information
- Standard status
- Active
- Size
- 3,120 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1969
Listing agency
AgencyOne
(971) 678-6481
Listed by
John Villani
(971) 678-6481
Source
Premierepropertygroup
Added: Apr 3 Updated: Jul 21 at 3:00PM Checked: Jul 22 at 3:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of AgencyOne
Investment Insights
Based on property information with market context.
Turnkey, fully renovated fourplex featuring four 2-bedroom, 1-bath units. All units were comprehensively renovated in 2025 and include in-unit washer/dryer, private outdoor space such as decks, patios, and yards, and reserved parking. The property is described as 100% occupied with long-term tenants.
Located in Seattle’s 98146 rental corridor, the asset is presented as lender-ready and stabilized, with verified financials available upon request. Current leasing and income figures provided include $86,400 gross annual income and approximately $68,354 NOI, with a stated 6.84% cap rate.
The offering is positioned as immediately income-producing, with full financials, rent roll, and expense breakdown available for serious buyers.
Located in Seattle’s 98146 rental corridor, the asset is presented as lender-ready and stabilized, with verified financials available upon request. Current leasing and income figures provided include $86,400 gross annual income and approximately $68,354 NOI, with a stated 6.84% cap rate.
The offering is positioned as immediately income-producing, with full financials, rent roll, and expense breakdown available for serious buyers.
Key Highlights
- 2025 fully renovated 4‑plex in Seattle’s 98146 rental corridor, 100% occupied (all four units leased).
- Four 2BD/1BA units, all with in‑unit washer/dryer and private outdoor space (decks, patios, or yards).
- Reserved parking available: 12 uncovered parking spaces for the property.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $84.2k | $27.00 |
| − Vacancy | −$3.8k | −$1.22 |
| EGI | $80.4k | $25.79 |
| − OpEx | −$24.1k | −$7.74 |
| NOI | $56.3k | $18.05 |
3,120 SF · lease $27.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$804.5K
$703.9K – $938.6K
NOI $56,314 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$752.3K
$658.2K – $877.7K
NOI $52,659 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$938.7K
$821.3K – $1.10M
NOI $65,706 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Fully renovated 2025 fourplex with in-unit washer/dryer, private outdoor space, and reserved parking, 100% leased.
Where is this quadplex located?
The property is located at 10443 17 Avenue SW Seattle, WA.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: 2025 fully renovated 4‑plex in Seattle’s 98146 rental corridor, 100% occupied (all four units leased).; Four 2BD/1BA units, all with in‑unit washer/dryer and private outdoor space (decks, patios, or yards).; Reserved parking available: 12 uncovered parking spaces for the property.
