$1,100,000
 $5,905 est/mo Sourced by Back At You

4526 S Henderson Street,Seattle, WA 98118

Seattle, WA 98118

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Description

The property is positioned just south of Columbia City and within the broader Rainier Valley submarket, served by the Sound Transit Link light rail and direct bus access to downtown Seattle. The offering is an operational value-add opportunity. The asset has been updated over the years and does not require a large capital investment to perform. Current scheduled rents sit below market and the property does not currently bill back utilities to tenants. A new ownership group can grow income through natural lease turnover and the implementation of a utility recapture program, lifting NOI from $58,979 to $73,386 without renovation expense. The Henderson 7-Unit is priced at $1,100,000, or $157,143 per unit and $252 per rentable square foot, reflecting a 6.0% current cap rate and a 7.4% market cap rate. The asset offers an investor a meaningful cap rate spread, durable in-place income on a 1978 wood-frame building that has been fully updated over the last five years.

Details

MLS #2534478
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Year1978
Days On Site56
Listing Provided ByParagon Real Estate Advisors | Ben Douglas

Features

SQ Feet4,358
Story(s)3
Units7
ZoningMulti-Family
Acreage0.13

Taxes

Property15770

Area Information

StateWA
CountyKing
CitySeattle
Zip Code98118
Area385 SODO | Beacon Hill
Community NameDunlap
Listing VS Median (in Dunlap)
Price:
$1,100,000
low | high
Med:
$562,000
98.909136363636% of Average
sqft:
4,358
low | high
Med:
935
100% of Average
$ / sqft:
$252
low | high
Med:
$599
87.283670672635% of Average
On site:
56
low | high
Med:
37
100% of Average
Sourced by Back At You

Market Activity 98118

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Learn More About This Property

StateWA
CountyKing
CitySeattle
Zip Code98118
Area385 SODO | Beacon Hill
Community NameDunlap
Listing VS Median (in Dunlap)
Price:
$1,100,000
low | high
Med:
$562,000
98.909136363636% of Average
sqft:
4,358
low | high
Med:
935
100% of Average
$ / sqft:
$252
low | high
Med:
$599
87.283670672635% of Average
On site:
56
low | high
Med:
37
100% of Average
Sourced by Back At You
Listing Updated: July 23, 2026 at 2:04:11 PM PDT