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    8340 Rainier Ave Seattle, WA 98118

    For Sale
    $4,850,000

    Multifamily property in walkable Rainier Beach location near amenities.

    Property size:
    20,250 SF

    Property Features for 8340 Rainier Ave

    General Information

    Standard status
    Active
    Size
    20,250 SF

    Building Details

    Year built
    1962

    Source: KIDDER MATHEWS Agent DAN SWANSON

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Rainier Beach Multifamily Investment Opportunity

    Located in Rainier Beach, Valley Commons has a walk score of 81, indicating a highly walkable location with convenient access to community amenities. The property is near several restaurants and multiple grocery markets, all within a quarter mile. Rainier Beach Playfield, the Rainier Beach Community Center, and a pool are all within a 10-minute walk. Be’er Sheva Park and Pritchard Island Beach, offering access to Lake Washington, as well as the new Rainier Beach High School, are within a 15-minute walk. Boeing Field is approximately 11 minutes away by car. The Rainier Beach Station, a stop for both local bus transit and the regional light rail line, is also nearby. The property has a size of 20250 square feet. The property is available for sale individually, or as a portfolio with 8630 Rainier Ave S and/or 10500 51st Ave S.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Valley Commons Apartment Building Ayite’s house Apartment Complex Waleska Lodging

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.2695504
    Latitude
    47.5282696

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    FAQs

    What type of property is this?
    Apartment building - Multifamily property in walkable Rainier Beach location near amenities.
    Where is this apartment building located?
    The property is located at 8340 Rainier Ave Seattle, WA.
    What is the asking price?
    The asking price for this property is $4,850,000.
    What are key features of this property?
    This property features: - "Very Walkable" location (Walk Score of 81) near numerous restaurants and grocery markets.; - Proximity to Rainier Beach Station, providing access to local bus transit and the regional light rail line.; - Close to community amenities including Rainier Beach Playfield, Community Center, and pool.
    Request Owner's contact information
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    Seattle, WA 98118
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8340 Rainier Ave Seattle, WA 98118
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