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About the Listing 5074 - 129299,28691
Exceptional opportunity to acquire a fully renovated, income-producing 4-plex in Seattle’s highly competitive 98146 rental corridor. Priced aggressively under $1M, this stabilized multifamily asset is expected to generate **strong immediate interest and multiple offers** due to its turnkey condition, income stability, and limited availability of similar assets in this price range. Comprehensively renovated in 2025, the property features four well-designed 2BD/1BA units, each offering strong tenant appeal, in-unit washer/dryer, private outdoor space (decks/patios/yards), and reserved parking. All units are occupied by stable long-term tenants at $1,800/month, producing $86,400 in annual gross income with a NOI of approximately $68,354, reflecting a 6.84% cap rate with clear upside potential. Market rents in the area continue trending toward $1,950+/month, providing immediate and achievable rent-growth upside without additional capital improvements. The property benefits from consistent rental demand driven by proximity to employment centers, transit access, neighborhood amenities. The 98146 corridor continues to experience strong investor demand due to limited inventory of renovated small multifamily assets. This is a **true turnkey, low-maintenance investment** ideal for buy-and-hold investors, house hackers, and 1031 exchange buyers seeking immediate deployment of capital in a stabilized asset with upside. Financials, rent roll, and expense breakdown available upon request.
Listing Highlights
Status
Active
Days on Site
13
Property Type
Multi-Family
MLS ®
2502279
Year Built
1969
Total Square Footage
3,200
Lot/Acreage
0.39
Interior Details
- Bedrooms: 7
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 12
- Roof: Composition
- Others: Cement Planked
- Sewer: Sewer Connected
Financial Details
- Tax Amount: $3,360
- Taxes w/Assessments: N/A
- Tax/Property ID: 2352950000
- Tax Year: 2025
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
10443 17 Ave SW Seattle, WA 98146
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