8340 Rainier Ave S | Seattle, WA 98118
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This Multifamily Property is no longer advertised on LoopNet.com.
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 |
Links
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
Listing ID: 35180283
Date on Market: 3/18/2025
Last Updated:
Address: 8340 Rainier Ave S, Seattle, WA 98118
The Dunlap Multifamily Property at 8340 Rainier Ave S, Seattle, WA 98118 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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