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    10500 51St Ave S Seattle, WA 98178

    For Sale
    $4,350,000

    Multifamily property in South Seattle, near transit and amenities.

    Property size:
    19,200 SF

    Property Features for 10500 51St Ave S

    General Information

    Standard status
    Active
    Size
    19,200 SF

    Building Details

    Year built
    1979

    Source: KIDDER MATHEWS Agent DAN SWANSON

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

    Overview

    Seattle Multifamily Investment Opportunity

    This multifamily property is located in South Seattle, approximately a half mile east of Interstate 5. It is situated near a King County Metro bus route 107, which provides daily service to Beacon Hill, Georgetown, Lakeridge, the Renton Transit Center, and Rainier Beach Station, connecting residents to the Link light rail for access to Seattle Tacoma International Airport, Downtown Seattle, and Lynnwood. The property is located across the street from a neighborhood grocer and convenience store and within a mile of Duwamish Park, Fletcher Place, Lakeridge Park, Hutchinson Playground, and the Green Line. The property has a size of 19200 square feet. The property is available for sale individually, or as a portfolio with 8630 Rainier Ave S and/or 8340 Rainier Ave S. All financials are market figures.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Crestwood Place Apartment Building Partners In Grime General Contractor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.2698575
    Latitude
    47.5064342

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    FAQs

    What type of property is this?
    Apartment building - Multifamily property in South Seattle, near transit and amenities.
    Where is this apartment building located?
    The property is located at 10500 51St Ave S Seattle, WA.
    What is the asking price?
    The asking price for this property is $4,350,000.
    What are key features of this property?
    This property features: - Excellent transit access: Steps from King County Metro bus route 107, providing access to multiple locations and the Link light rail.; - Convenient location: Close proximity to a neighborhood grocer/convenience store.; - Recreational opportunities: Within a mile of multiple parks and recreational spaces.
    Request Owner's contact information
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    Seattle, WA 98178
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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
    10500 51St Ave S Seattle, WA 98178
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