8340 Rainier Ave S | Seattle, WA 98118
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8340 Rainier Ave S
Seattle, WA 98118
Valley Commons · Multifamily Property For Sale
·
27 Units
Investment Highlights
- Very walkable Rainier Beach location near restaurants, shops, grocery stores, parks, and transit
- All 2-bedroom units with dishwashers, dining areas, updated kitchens and baths, and upgraded dual-pane windows
- Affordably priced at less than $250 per foot and under $180,000 per unit
- Value-add opportunity – Likely to achieve an all-in 7%+ cap rate
- Desirable features including 35 parking spaces and on-site laundry
Property Facts
| No. Units | 27 | Building Size | 21,640 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1962 |
| Building Class | C | Parking Ratio | 1.62/1,000 SF |
| Lot Size | 0.35 AC | ||
| Zoning | LR3 RC (M), Seattle | ||
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 21,640 SF |
| Average Occupancy | 96% |
| No. Stories | 3 |
| Year Built | 1962 |
| Parking Ratio | 1.62/1,000 SF |
| Zoning | LR3 RC (M), Seattle |
Amenities
Unit Amenities
- Air Conditioning
- Storage Space
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Playground
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 27 | $1,800 | 750 |
Property Taxes
| Parcel Number | 333600-0125 | Improvements Assessment | $35,200 |
| Land Assessment | $11,300 | Total Assessment | $46,500 |
Property Taxes
Parcel Number
333600-0125
Land Assessment
$11,300
Improvements Assessment
$35,200
Total Assessment
$46,500
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