4526 S Henderson Street Seattle, WA 98118
4526 S Henderson Street
Seattle, WA 98118
$1,100,000
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Active
The property is positioned just south of Columbia City and within the broader Rainier Valley submarket, served by the Sound Transit Link light rail and direct bus access to downtown Seattle. The offering is an operational value-add opportunity. The asset has been updated over the years and does not require a large capital investment to perform. Current scheduled rents sit below market and the property does not currently bill back utilities to tenants. A new ownership group can grow income through natural lease turnover and the implementation of a utility recapture program, lifting NOI from $58,979 to $73,386 without renovation expense. The Henderson 7-Unit is priced at $1,100,000, or $157,143 per unit and $252 per rentable square foot, reflecting a 6.0% current cap rate and a 7.4% market cap rate. The asset offers an investor a meaningful cap rate spread, durable in-place income on a 1978 wood-frame building that has been fully updated over the last five years.
Property Features
Community: Dunlap
5-9 Units
Exterior: Wood Products
Roof: Composition
Year Built: 1978
2026 Taxes: $15770.00
Buyer Broker Comp.: 2.5%
Listing #: 2534478
Lot Details
Lot Size: 0.13 acres
No. of Units: 7
Interior
Cooling: None
Heating: Baseboard
Electric
Call or Email:
Grace Wamwere
What's Near 4526 S Henderson 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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