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7-Unit Multifamily Investment
For Sale
$1,589,000

7410 Rainier, Seattle, WA 98118

Fully occupied 7-unit property with updated interiors and on-site coin-operated laundry, zoned LR3.

Property SizeContact for details
Days on Market447

Property Features for 7410 Rainier

General Information

Standard status Active
Property subtype Multi-family
Zoning LR3
Occupancy 100%

Additional Details

Multifamily Units 7

Amenities

coin-operated laundry

Building Details

Year Built 1955
Tenancy Multi
Listing Agency: Torre Realty
Listed By: Elena Pike
Source: Skylineproperties
Added: May 31, 2025 Changed: Aug 18 Last Checked: Aug 20 at 9:06AM

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 Torre Realty

Investment Insights

Based on property information with market context.

This is a fully occupied 7-unit multifamily property with updates throughout. Public remarks indicate that kitchens, bathrooms, and flooring have been tastefully updated in all units. Additional income is generated through coin-operated laundry on-site.

The property is listed for sale with zoning stated as LR3, and the site notes that the next-door property is also zoned LR3 and is listed for sale. This configuration may support options for larger-scale redevelopment within the stated zoning framework.

As presented in the public remarks, the offering is positioned as a stabilized investment with an established rental history.

Key Highlights

  • Fully occupied 7‑unit multifamily property built in 1955
  • Zoned LR3 for redevelopment potential
  • All units have updated kitchens, bathrooms, and flooring

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Electrical Service (Bike/Boat/Book/etc) Store Skin Care Clinic HVAC Service Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

474
Businesses Nearby

Demographics for 98118, WA

47,504
Population
19,831
Households
2.4
Avg Household Size
38
Median Age
49%
College-Educated
90%
High-School Grad
6.2 sq mi
ZIP Area
7,662
Density / Sq Mi
$109,085
Median Household Income
$54,827
Median Earnings
$1,831
Median Rent
$746,400
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully occupied 7-unit property with updated interiors and on-site coin-operated laundry, zoned LR3.
Where is this apartment building located?
The property is located at 7410 Rainier Seattle, WA.
What is the asking price?
The asking price for this property is $1,589,000.
What are key features of this property?
This property features: Fully occupied 7‑unit multifamily property built in 1955; Zoned LR3 for redevelopment potential; All units have updated kitchens, bathrooms, and flooring
More about this property
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