4207 S Bateman Street Seattle, WA 98118

Well-mainteined Seattle Triplex combining location, functionality and long term investment appeal.
4207 S Bateman Street
Seattle, WA 98118
$895,000
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Active
Fully occupied, income-producing Seattle triplex delivering immediate cash flow with stable rents already in place and a clear path to higher returns. This well-maintained asset features one-year leases with reliable tenants, providing predictable in-place income and stable occupancy from day one. A future utility restructuring creates a realistic opportunity to improve operations and increase returns, with the property currently operating at a 4.35% cap rate and the potential to reach an estimated 6.63% pro forma cap rate at the current list price. Ask for the Investment Snapshot. Ideally located in the desirable Rainier Valley corridor between Hillman City and Brighton, the property offers quick access to Rainier Ave S, I-5, I-90, public transit, cafés, parks, schools, and major employment centers. This turnkey investment is ideal for local, out-of-area, or 1031 exchange buyers seeking a well-leased Seattle multifamily asset with immediate revenue, long-term appreciation potential, and a visible NOI growth strategy. Buyer to comply with all Washington and Seattle tenant-protection laws and honor existing leases. Financials, rent roll, and maintenance history available upon request.
Watch Virtual Tour #1Property Features
Community: Brighton
Tri-plex
View: Territorial
Cable TV
Fenced-Partially
Gas Available
Outbuildings
Patio
RV Parking
Exterior: Brick
Exterior: Wood Products
Roof: Composition
Year Built: 1952
2026 Taxes: $8842.00
Buyer Broker Comp.: 2.5%
Listing #: 2521049
Lot Details
Lot Size: 0.12 acres
Lot Dimensions: 5250
Alley
Paved
Sidewalk
No. of Units: 3
Interior
Cooling: Window Unit A/C
Heating: Radiator, Radiant, Baseboard
Electric
Natural Gas
Common Features
Storage
Thermal Windows
Schools
District: Seattle
Elem: M L King Elem
Middle: Aki Kurose
High: Cleveland High
Call or Email:
Grace Wamwere
What's Near 4207 S Bateman Street Seattle, WA 98118?

Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
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