14081 58th Ave S Tukwila, WA 98168
Multifamily property with income and redevelopment potential in Tukwila.
Type:Multifamily
Lot size:
0.94 Acres- Added:
- Apr 3, 2026
- Days on Market:
- 21
- 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
Listing agent Kellan Moll License #WA: 111361 (206) 826-5692
Listing office Seattle Office (206) 826-5692
Listing date Apr 3, 2026
Source Marcusmillichap
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Overview
Riverside Terrace Investment Opportunity
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
Location Insight
- Map
- Local Demand
- City
- Tukwila
- County
- King
- State
- Washington
- Longitude
- -122.2609939
- Latitude
- 47.4764177
Nearby Similar for Sale
FAQs
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.
