8630 Rainier Ave S, Seattle, WA 98118
Multifamily property in walkable Rainier Beach neighborhood, Seattle.
- Added:
- Mar 18, 2025
- Days on Market:
- 455
- Last Refresh:
- May 10 at 10:44 pm
Property Features for 8630 Rainier Ave S
General Information
- Standard status
- Active
- Size
- 16,480 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1960
Listing agent DAN SWANSON License #13533
Listing office KIDDER MATHEWS (206) 296-9610
Listing date Mar 18, 2025
Source Corcoran
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 KIDDER MATHEWS
HighLights
- Very Walkable location with a high walk score of 84.
- Close to Rainier Beach Community Center and pool.
- Near multiple recreational spaces including parks, beaches, and Lake Washington.
- Convenient access to restaurants, Rite Aid, and Safeway.
- Easy access to public transportation with bus stops nearby.
- Short drive to Boeing Field.
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $474.6k | $28.80 |
| − Vacancy | −$24.7k | −$1.50 |
| EGI | $449.9k | $27.30 |
| − OpEx | −$202.5k | −$12.29 |
| NOI | $247.5k | $15.02 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Seattle
- County
- King
- State
- Washington
- Longitude
- -122.27
- Latitude
- 47.5254