Riverside Terrace Investment Opportunity

14081 58th Ave S, Tukwila, WA 98168

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For Sale

$2,950,000

Multifamily property with income and redevelopment potential in Tukwila.

Type:Multifamily

Lot size:

0.94 Acres

HighLights

Significant upside potential through targeted interior renovations, projected to increase rents by up to 15%.
Opportunity to increase Net Operating Income by approximately 21% through renovations and increased parking revenue.
Large 0.94‑acre HDR‑zoned site allows for expansion with an additional 8‑unit building.
Property is in excellent condition due to recent interior and exterior renovations.
Generates strong current income with rents well‑positioned for further growth.
Combines immediate income and multiple paths for future value creation.

We can help!

Listing Contact

Kellan Moll

Learn more

For Sale

$2,950,000

Multifamily property with income and redevelopment potential in Tukwila.

Type:Multifamily

Lot size:

0.94 Acres

Added:: Apr 3, 2026
Days on Market:: 67
Last Refresh:: Apr 3 at 5:15 am

Property Features for 14081 58th Ave S

General Information

Standard status: Active
Lot size: 0.94 Acres
Property subtype: Multifamily

We can help!

Listing Contact

Kellan Moll

Listing agent Kellan Moll License #WA: 111361

Listing office Seattle Office

Listing date Apr 3, 2026

Source Marcusmillichap

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 Seattle Office

HighLights

Significant upside potential through targeted interior renovations, projected to increase rents by up to 15%.
Opportunity to increase Net Operating Income by approximately 21% through renovations and increased parking revenue.
Large 0.94‑acre HDR‑zoned site allows for expansion with an additional 8‑unit building.
Property is in excellent condition due to recent interior and exterior renovations.
Generates strong current income with rents well‑positioned for further growth.
Combines immediate income and multiple paths for future value creation.

Overview

Riverside Terrace offers investors a chance to acquire a property with both current income and future growth potential. The property, acquired in 2015, has undergone interior and exterior renovations, leaving it in excellent condition. It currently generates strong returns with rents positioned for further growth. A targeted interior renovation program, updating kitchens and bathrooms with modern finishes, could support rental premiums. Increasing ancillary income by enhancing the utility bill-back program and capturing additional parking revenue is also possible. These improvements could drive Net Operating Income growth. The property also benefits from a large 0.94-acre HDR-zoned site, providing an opportunity for expansion or redevelopment. The existing site layout allows for the addition of an 8-unit building, increasing the total unit count to 21. Investors may also explore a full redevelopment, with zoning permitting the construction of approximately 30 new units. Riverside Terrace combines immediate income and multiple paths for future value creation.

Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Tukwila
County: King
State: Washington
Longitude: -122.2609939
Latitude: 47.4764177

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For sale
Apartment buildings
WA
Tukwila
98168
14081 58th Ave S

What type of property is this?

Apartment building - Multifamily property with income and redevelopment potential in Tukwila.

Where is this apartment building located?

The property is located at 14081 58th Ave S Tukwila, WA.

What is the asking price?

The asking price for this property is $2,950,000.

What are key features of this property?

This property features: Significant upside potential through targeted interior renovations, projected to increase rents by up to 15%.; Opportunity to increase Net Operating Income by approximately 21% through renovations and increased parking revenue.; Large 0.94‑acre HDR‑zoned site allows for expansion with an additional 8‑unit building.

14081 58th Ave S, Tukwila, WA 98168

Multifamily property with income and redevelopment potential in Tukwila.

Property Features for 14081 58th Ave S

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Tukwila Mixed-Use Building For Sale

Medical Office Building Southcenter Location

Tukwila Flex Industrial Property

Tukwila Office Space Available

Andover Park West Office Condos

Tukwila Freestanding Building For Sale

Tukwila Industrial Facility For Sale

Parkwest Commons Office Condos

Tukwila Freestanding Retail/Office Building

Flexible Use Development Site

Retail Space Near Southcenter Mall

Tukwila Office Building For Sale

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