9265 57th Avenue S, Seattle, WA 98118, Seattle, 98118 - 0 bed, 0 bath
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Exceptional value-add investment opportunity in Seattle's evolving Rainier Beach neighborhood, just moments from Lake Washington. This 7-unit multifamily property features an ideal unit mix of four 2-bedroom/1-bath units and three 1-bedroom/1-bath units, providing strong in-place income with additional revenue from on-site coin-operated laundry. Current ownership has maintained consistent occupancy while offering the next owner the opportunity to enhance value through cosmetic unit updates as vacancies occur. Investors will appreciate the potential to improve rental income over time while benefiting from immediate cash flow. Situated on an NC155(M)-zoned lot with six tandem parking spaces accommodating up to 12 vehicles, the property also offers long-term redevelopment potential (buyer to verify). Conveniently located near Lake Washington, transit, neighborhood restaurants, shopping, and ongoing community investment, this is a rare opportunity to acquire a well-performing asset with multiple avenues for future growth. Some interior photos have been virtually staged for illustrative purposes only. Virtual staging is limited to furnishings and décor.
Property is moderate renovation needed.
Built in 1923, this century-old property is explicitly marketed as a 'value-add' opportunity requiring cosmetic unit updates. While functional and currently occupied, the age of the structure and the need for interior modernization to kitchens and baths place it in the Fair category.
This 7-unit multifamily asset offers significant upside through cosmetic renovations and rental increases, supported by a strong unit mix and existing coin-operated laundry revenue.
Situated on an NC155(M)-zoned lot, the property provides rare long-term redevelopment potential in an evolving Seattle neighborhood, offering investors multiple future exit strategies.
With six tandem spaces accommodating up to 12 vehicles, the property offers a massive competitive advantage in a high-density urban area where tenant parking is typically scarce.
Originally constructed in 1923, the property likely requires substantial ongoing maintenance and potential capital expenditures for system upgrades beyond simple cosmetic improvements.
The property is served by schools with low performance ratings, including Rainier Beach High School and Emerson Elementary, which may limit the appeal for long-term family-oriented tenants.
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades PK-5 • 0.7 mi
Grades K-5 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 4,590 | 5,554.5 |
| Lot Size | 4,725 | 10,915.5 |
| Price | $1.70M | $2.88M |
| Price per sq ft | $370 | $491 |
| Built year | 1923 | 1961 |
| HOA | $0 | $0 |
| Days on market | 114 | 124 |
Jul 2, 2026
$1,699,950
Initial Listing