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Listed by:Paragon Real Estate Advisors • Nick Hemming
$ 5,800,000
Est. payment /mo
New
4803 S Henderson ST Seattle, WA 98118
45 Beds
39 Baths
25,104 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 25,104 sqft
Price per Sqft $231
Subdivision Rainier Beach
MLS Listing ID 2563789
Style 56 - 10+ Units
Bedrooms 45
Year Built 1962
Annual Tax Amount $89,417
Lot Size 0.758 Acres
Property Sub-Type Multi Family
Property Description
Henderson Arms Apartments, a value-add multifamily property located in the Rainier Beach neighborhood of Seattle's Rainier Valley submarket. The property presents a compelling opportunity for investors seeking stable in-place income, value-add upside, and long-term ownership in a high demand and supply-constrained rental corridor. Henderson Arms Apartments is comprised of a desirable mix of 33-1bed/1bath and 6-2bed/1bth units. The units consist of a blend of updated and classic finishes, offering immediate rental appeal with clear upside through strategic renovations. Building features include double-pane windows, secured entry, private balconies, ample storage and common-area laundry facilities. The property also presents the potential for additional unit development with a largely unutilized full height basement, providing an attractive path to increase density and future income. Off-street parking and a well-maintained residential setting further enhance tenant appeal and retention. Situated in a strong Seattle rental market, Henderson Arms benefits from convenient access to major transit routes, neighborhood retail, parks, and employment centers throughout Downtown Seattle, Columbia City, and the broader I-5 corridor. The surrounding area continues to experience steady renter demand driven by affordability constraints and proximity to regional job hubs
Location
State WA
County King
Area 380 - Southeast Seattle
Interior
Flooring Laminate
Fireplace false
Exterior
Exterior Feature Brick
View Y/N No
Roof Type Flat
Building
Sewer Available
Water Public
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.