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Property summary
This exceptional 14-unit apartment building presents a compelling value-add investment opportunity in Seattle's vibrant Rainier Valley neighborhood. Located at 3208 Rainier Ave S, this mixed-use property boasts 15,117 square feet on a 7,520 square foot lot, with a desirable SM-NR 95 (M) zoning designation. Built in 2018, the building features a wood-frame construction and includes 12 apartments and two commercial spaces. The property currently offers a 4.30% cap rate, with a pro-forma cap… rate projected at 6.25%, indicating significant upside potential. The asking price is $4,450,000, translating to $295 per square foot and $317,857 per unit. Tenants benefit from a corporate guarantee and franchisee status, providing enhanced security. The property's prime location offers convenient access to major transportation arteries, including I-5 and I-90, as well as the Mt. Baker light rail station (3 blocks away), providing easy commutes to downtown Seattle and the First Hill Medical Community. The spacious apartments feature modern finishes, and the vacant retail units present an opportunity to increase rental income. With only two parking spaces currently available, there is potential for expansion. The King County Assessor's Parcel Number is 128230-0260. This property is an ideal investment for those seeking strong returns and long-term growth in a rapidly developing Seattle neighborhood.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Full Property Data
- Historical Records
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- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
