Seattle, WA 98118 4803 S Henderson St
$5,700,000
7 more
Presented By: eXp Realty and NWMLS
- MLS# 2413984
- 07/29/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 25,104
Home Details
Prime 39-unit apt building in a high-demand Seattle submarket, just blocks from light rail and minutes to Boeing, the Port of Seattle, and Downtown. This stabilized asset provides immediate cash flow with significant upside through value-add potential. The property features 33 one bed and 6 two-bed units across three levels. 15 units updated (3 in 2024), achieving rent premiums of ~$400/month. 24 units remain in original condition—ideal for renovation. Additional income potential from building out studio units ($79K+/yr), paid parking, coin-op laundry, and rentable storage.Electrical-24 panels updated in 2010.Plumbing-18 units updated in 2010. Windows replaced in 2000.Stucco and roof updated in 2010.Call the listing agent with any questions
Presented By: eXp Realty and NWMLS
Interior Features for 4803 S Henderson St
Bedrooms
Bedrooms Possible0
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringVinyl, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories3
General for 4803 S Henderson St
AmenitiesBasement, Coin Op Laundry, Storage
Building Area UnitsSquare Feet
Cap Rate6.7
Carport Spaces
Carport Y/NNo
CitySeattle
CoolingNone
CountyKing
DirectionsFrom Rainier Ave South, head west on Henderson Street. The property will be on your left.
Electric Expense4320
Elementary SchoolBuyer To Verify
Fuel Expense
HOANo
HOA Fee$
HeatingBaseboard
High SchoolBuyer To Verify
High School DistrictSeattle
Insurance Expense42000
Leasable Area30891
Listing TermsCash Out, See Remarks
Lot Size Square Feet33000
Lot Size UnitsSquare Feet
MLS Area380 – Southeast Seattle
Middle/Junior High SchoolBuyer To Verify
ModificationTimestamp2025-08-28T17:28:13.979Z
NWM_ShowMapLinkY
Net Operating Income384886
New ConstructionNo
Number Of Units Total39
Open Parking Spaces40
PossessionClosing, Negotiable
Possible UseCommercial, Multi-Family, Residential
Property ConditionGood
Property Style56 – 10+ Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksPrime 39-unit apt building in a high-demand Seattle submarket, just blocks from light rail and minutes to Boeing, the Port of Seattle, and Downtown. This stabilized asset provides immediate cash flow wi
RoofFlat
Security FeaturesPartially Fenced
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameRainier Beach
Tax Annual Amount73394
Tax Year2025
Units Below Gradefalse
Units In Building Total39
ViewTerritorial
Water CompanySeattle
Water Sewer Garbage54000
Year Built1962
Zoning DescriptionCommercial, Multi-Family, Residential
Exterior for 4803 S Henderson St
Building Area Total25104
Covered Spaces
Exterior AmenitiesCement/Concrete
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesAlley, Paved
Lot Size Acres0.7576
Parking Uncovered Spaces40
Site FeaturesDock, Fenced-Partially
Total Parking40
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Buyer To Verify High School
Middle School
Buyer To Verify Middle School
Elementary School
Buyer To Verify Elementary School
Josh QA1
REALTOR ® SRES ®