Log In/Sign Up
Your email has been sent.
7440 Rainier Ave S
Seattle, WA 98118
7440 Rainier Ave s · Multifamily Property For Sale
·
6 Units
EXECUTIVE SUMMARY
Excellent value-add opportunity in the heart of Rainier Valley! 6-unit building on a 6,200 SF LR3 lot with income and redevelopment potential. Unit mix: five 2BRs and one 1BR, with two vacancies and all tenants month-to-month—ideal for renovation and rent growth. Current rents are well below market, offering strong upside through updates, increases, or redevelopment. Seller financing available—contact broker for details. Showings upon Mutual Acceptance only.
PROPERTY FACTS Under Contract
| Price Per Unit | $150,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 1.84% | Lot Size | 0.15 AC |
| No. Units | 6 | Building Size | 4,698 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1968 |
| Price Per Unit | $150,000 |
| Sale Type | Investment |
| Cap Rate | 1.84% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,698 SF |
| No. Stories | 3 |
| Year Built | 1968 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $895.00 | 758 |
| 2+1 | 5 | $1,200 | 758 |
PROPERTY TAXES
| Parcel Number | 262404-9102 | Improvements Assessment | $789,000 |
| Land Assessment | $496,000 | Total Assessment | $1,285,000 |
PROPERTY TAXES
Parcel Number
262404-9102
Land Assessment
$496,000
Improvements Assessment
$789,000
Total Assessment
$1,285,000
1 of 6
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
