9265 57Th Ave S Seattle, WA 98118
Multifamily investment property with steady income and redevelopment potential.
Property size:
4,590 SFProperty Features for 9265 57Th Ave S
General Information
- Standard status
- Active
- Size
- 4,590 SF
Building Details
- Year built
- 1923
Source:
Corcoran
Listing Agent: Joseph Ho
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Seven-Unit Multifamily Investment Opportunity
This seven-unit multifamily property presents an investment opportunity near Lake Washington, offering peek-a-boo lake views. The complex features a mix of units, including four 2-bedroom, 1-bath units and three 1-bedroom, 1-bath units. The property is consistently occupied, generating a steady income. The current monthly rental income is $12,200, with an additional $300-$400 per month from coin-operated laundry. Situated on a 0.11-acre lot, the property includes six tandem parking spots, accommodating up to 12 cars. Zoned NC155(M), the property offers future redevelopment potential with increased density and LIHTC. Located in a diverse neighborhood, the property is near local establishments such as Jude's and Red Wing Cafe. The surrounding area is experiencing growth with new businesses and multifamily housing developments. The property size is 4590 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Northwest Refugee
Social Services Organization
Location Insight
- Map
- Local Demand
- City
- Seattle
- County
- King
- State
- Washington
- Longitude
- -122.2618013
- Latitude
- 47.5196479
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FAQs
What type of property is this?
Apartment building - Multifamily investment property with steady income and redevelopment potential.
Where is this apartment building located?
The property is located at 9265 57Th Ave S Seattle, WA.
What is the asking price?
The asking price for this property is $1,799,950.
What are key features of this property?
This property features: - Consistent rental income of $12,200/month plus $300-$400/month from coin-op laundry.; - 7-unit complex near Lake Washington with peek-a-boo lake views.; - Zoned NC155(M) with potential for redevelopment with increased density and LIHTC.