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3421 Rainier Ave S
Seattle, WA 98144
Baker Heights Development Site | 3421 Rainier · Multifamily Property For Sale
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73 Units
Investment Highlights
- No Mandatory Housing Affordability (MHA) requirements or fees
- Property will be well-positioned to demand top-of-market rents due to superior access to light rail (sub-10 minute walk) and Interstates 5 and 90
- The median household income within the TMA is expected to 31.5% to $120,374 by 2027, compared to 25.7% metrowide.
- Building amenities include rooftop deck with views of the city skyline and Cascade Mountains
- 46% of housing units within the TMA are renter occupied, compared to 36% metrowide
Property Facts
| No. Units | 73 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Construction Status | Abandoned |
| Property Subtype | Apartment | Building Size | 33,674 SF |
| Apartment Style | Mid-Rise | No. Stories | 7 |
| Building Class | B | ||
| Zoning | C1-75 (M) - Commercial Mixed-use zone 1 | ||
| No. Units | 73 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.17 AC |
| Construction Status | Abandoned |
| Building Size | 33,674 SF |
| No. Stories | 7 |
| Zoning | C1-75 (M) - Commercial Mixed-use zone 1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 69 | - | 266 |
| 1+1 | 4 | - | 300 |
Property Taxes
| Parcel Number | 128230-1410 | Improvements Assessment | $1,000 |
| Land Assessment | $1,384,000 | Total Assessment | $1,385,000 |
Property Taxes
Parcel Number
128230-1410
Land Assessment
$1,384,000
Improvements Assessment
$1,000
Total Assessment
$1,385,000
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