8630 Rainier Ave S | Seattle, WA 98118
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8630 Rainier Ave S
Seattle, WA 98118
Beach Court Apartments · Multifamily Property For Sale
·
23 Units
Investment Highlights
- Very walkable Rainier Beach location near parks, transit, restaurants, a Rite Aid, a Safeway grocery store, and a brand new Starbucks (opening 2025)
- 16 one-bedroom and 7 two-bedroom units with a variety of updates and features including updated kitchens and baths, dishwashers, and decks or patios
- Value-add opportunity – Potential for a 6%+ cap rate after renovations
- Affordably priced at $265 per foot and under $200,000 per unit
- Desirable features including a newer roof, secured entry, updated dual-pane windows, central gas heat & hot water, an elevator (not currently working)
Property Facts
| No. Units | 23 | Building Size | 21,972 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1960 |
| Building Class | C | Parking Ratio | 1/1,000 SF |
| Lot Size | 0.45 AC | ||
| Zoning | NC2-55 (M), Seattle | ||
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 21,972 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1960 |
| Parking Ratio | 1/1,000 SF |
| Zoning | NC2-55 (M), Seattle |
Amenities
Unit Amenities
- Balcony
- Storage Space
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Deck
- Patio
Site Amenities
- 24 Hour Access
- Courtyard
- Fenced Lot
- Laundry Facilities
- Picnic Area
- Storage Space
- Elevator
- Online Services
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | $1,581 | 658 |
| 2+1 | 7 | $1,900 | 850 |
Property Taxes
| Parcel Number | 352404-9109 | Improvements Assessment | $2,999,400 |
| Land Assessment | $1,745,600 | Total Assessment | $4,745,000 |
Property Taxes
Parcel Number
352404-9109
Land Assessment
$1,745,600
Improvements Assessment
$2,999,400
Total Assessment
$4,745,000
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