$895,000
4207 S Bateman Street, Seattle, WA 98118
2,740 Sq Ft
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MLS #2521049 / Listing provided by NWMLS & eXp Realty.

$895,000

4207 S Bateman Street
Seattle, WA 98118

Active 10 hours ago
2,740
Sq Ft
$327
Per Sq Ft
1952
Year Built

Fully occupied, income-producing Seattle triplex delivering immediate cash flow with stable rents already in place and a clear path to higher returns. This well-maintained asset features one-year leases with reliable tenants, providing predictable in-place income and stable occupancy from day one. A future utility restructuring creates a realistic opportunity to improve operations and increase returns, with the property currently operating at a 4.35% cap rate and the potential to reach an estimated 6.63% pro forma cap rate at the current list price. Ask for the Investment Snapshot. Ideally located in the desirable Rainier Valley corridor between Hillman City and Brighton, the property offers quick access to Rainier Ave S, I-5, I-90, public transit, cafés, parks, schools, and major employment centers. This turnkey investment is ideal for local, out-of-area, or 1031 exchange buyers seeking a well-leased Seattle multifamily asset with immediate revenue, long-term appreciation potential, and a visible NOI growth strategy. Buyer to comply with all Washington and Seattle tenant-protection laws and honor existing leases. Financials, rent roll, and maintenance history available upon request.

Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.

Interior Features

Bedrooms

  • Upper Level Bedrooms: 0

Fireplaces

  • Total Fireplaces: 0

Heating & Cooling

  • Heating: Yes
  • Cooling: Yes
Exterior Features

Parking

  • Garage Spaces: 0
  • Parking Features: RV Parking
  • Parking Total: 6
  • Total Uncovered Parking Spaces: 6

Structure

  • Roof: Composition
  • Exterior Features: Brick, Wood Products
  • Foundation: Poured Concrete

Lot Details

  • Lot Features: Alley, Paved, Sidewalk
  • Acres: 0.1205
  • Foundation: Poured Concrete
Area Features

Schools

  • High School District: Seattle
  • High School: Cleveland High
  • Middle School: Aki Kurose
  • Elementary School: M L King Elem

Lot Details

  • Lot Features: Alley, Paved, Sidewalk
  • Acres: 0.1205
  • Foundation: Poured Concrete
Utilities

Power

  • Energy Source: Electric, Natural Gas
  • Power Company: Seattle City Light

Water, Sewer, and Garbage

  • Sewer Company: SPU
  • Sewer: Sewer Connected
  • Water Company: SPU
  • Water Source: Public
  • Water, Sewer, and Garbage: 11908.99
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Christi Young

Christi Young
Broker | REALTOR®

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