4525 S Henderson Street 302, Seattle, WA 98118, Seattle, 98118 - 2 bed, 1 bath
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Seattle, WA 98118
This 2-bedroom condominium is a Strong Value Opportunity, listed at $325,000—positioned well below the $350,036 Fair Market Value by 7%. This valuation gap offers $25,036 in Instant Equity. Featuring a Condition Rating of 3 with a renovated kitchen, the unit includes a dedicated parking spot and private deck. With no rental cap and proximity to light rail, this is an ideal asset for Buy-and-Hold Investors or first-time buyers seeking a transit-oriented, move-in-ready home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4525 S Henderson Street 302 Subject | $325,000* List Price | 2 | 1 | 850 | $419 | - |
A 9500 Rainier Avenue S 507 Active | $400,000 List Price | 2 | 1 | 893 | $448 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although the building was constructed in 1967, the unit features a renovated kitchen with stainless steel appliances and stone countertops consistent with a 5-15 year old remodel. The interior appears well-maintained and functional, meeting the criteria for move-in ready condition.
The property features no rental cap and a strong homeowner’s association, making it a highly attractive turn-key opportunity for investors or owners seeking future rental income.
Ideally situated within walking distance to the light rail and major bus lines, providing residents with effortless commuting access to Downtown Seattle and SeaTac Airport.
Unlike many urban condos, this unit includes both a dedicated parking spot and an extra storage room, adding significant value and convenience for the occupant.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 850, other record living area = 779.
Constructed in 1967, the building may lack modern energy-efficient systems and could require more frequent maintenance compared to newer residential developments.
While some nearby elementary schools perform well, the local high school has a low rating, which may impact long-term resale appeal for families prioritizing education.
Great opportunity to own this 2bd/1bath move-in-ready condo in the heart of Rainier Beach. Centrally located with walking proximity to bus lines and light rail! You can get anywhere easily with or without a car. Quick access to Downtown Seattle and SeaTac Airport just minutes away from desirable Seward Park and Columbia City neighborhoods. Dog friendly, path for biking and jogging nearby at Chief Sealth Trail. Plus close to restaurants, grocery stores, Library, Banks and Community Center. includes a dedicated parking spot & extra storage room. The backyard common space of this condo is located directly behind this unit. With a strong homeowner’s association and NO RENTAL CAP, this property creates a smart turn-key investment!
No exterior & parking available.
Grades PK-5 • 0.1 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1967 | - | 0% |
| HOA | $431 | $0 | 0% |
| Days on market | - | - | 0% |
May 8, 2026
$325,000
Initial Listing