7424 Rainier Avenue S, Seattle, WA 98118, Seattle, 98118 - 0 bed, 0 bath
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Seattle, WA 98118
Analysis of 7424 Rainier Avenue S, Seattle, WA 98118 is currently available with a list price of $1,600,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Seattle Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
Built in 2017, this property is less than 10 years old and meets the criteria for excellent condition. The interior features high-end modern finishes, including a chef's kitchen with quartz countertops, stainless steel appliances, and contemporary light fixtures. The property appears well-maintained with no signs of deferred maintenance.
The property features separate tax IDs for each unit, providing the owner with the unique flexibility to sell units individually in the future or maintain the entire triplex as a single portfolio.
Built in 2017 with a focus on luxury, the units include floor-to-ceiling windows, chef's kitchens, and private rooftop decks plumbed for gas, offering a premium aesthetic that attracts high-quality tenants.
With all three units currently rented and situated in a 'path of progress' area with significant nearby development, the property offers immediate cash flow and strong potential for capital appreciation.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8930, other record lot size in square feet = 855.
The property is served by schools with inconsistent ratings, including a high school rated 2/10, which may limit the appeal for long-term family tenants.
Located on Rainier Avenue S, a major arterial road, the property is subject to higher noise levels and traffic congestion, which could be a drawback for residents seeking a quiet neighborhood feel.
Separate tax ID's so can sell individually. Well located 3 units in rapidly improving area. Floor to ceiling windows throughout. Light filled great room with chef's kitchen, eating/breakfast bar. Comfortable, sensible, flexible floorplan. Primary bedroom on the third level offers a private retreat, rooftop deck plumbed for gas grill, features sweeping territorial views. Originally built as high end townhomes. Several large and small developments only a few blocks away. A wise investment in the path of progress. All three units rented.
No exterior & parking available.
Grades PK-5 • 0.6 mi
Grades PK-5 • 0.7 mi
Grades PK-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
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| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 2017 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Oct 10, 2024
$1,600,000
Initial Listing