11427 Rainier Ave S, Seattle, WA 98178

This newly renovated mixed-use investment property includes a 6,440-square-foot building with four NNN-leased commercial units on the ground floor and three one-bedroom apartment units on the second floor. The building totals seven income-producing units, and all units are currently 100% occupied. Renovations completed in 2020 included a new roof and new wood siding facade, along with fully remodeled apartment interiors featuring updated kitchens, stone countertops, stainless steel appliances, and in-unit laundry. Significant improvements were also made to each commercial space, supporting a turnkey ownership profile with minimal near-term capital expenditure.

Located at 11427 Rainier Avenue South in Seattle, Washington, the property sits on 5,700 square feet of land. The ground-floor commercial component is structured as four separate NNN-leased spaces, while the residential portion is configured as three self-contained one-bedroom units above.

For investors or buyers seeking a diversified income stream within a single asset, the mix of four NNN commercial units and three residential units provides operational flexibility. The 2020 renovation scope and current full occupancy can appeal to those looking for a stabilized, ready-to-own property with a blend of retail/office-style tenancies and residential leases.