4207 S Bateman ST, Seattle, WA 98118
4207 S Bateman ST, Seattle, WA 98118
4207 S Bateman ST, Seattle, WA 98118
25
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Listed by:eXp Realty • Velia M Sierra
$895,000
Est. payment /mo
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5 Beds
4 Baths
2,740 SqFt
Active

4207 S Bateman ST Seattle, WA 98118

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Steven Nicewarner

Steven Nicewarner

+1(425) 390-4401

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,740 sqft

Price per Sqft $326

Subdivision Brighton

MLS Listing ID 2521049

Style 53 - Tri-plex

Bedrooms 5

Year Built 1952

Annual Tax Amount $8,842

Lot Size 5,250 Sqft

Lot Dimensions 5250

Property Sub-Type Multi Family

Property Description

Fully occupied and income-producing Seattle triplex offering immediate cash flow with stable, in-place rents and strong upside potential. This well-maintained asset features one-year leases with reliable tenants, delivering predictable income and consistent occupancy from day one. Currently operating at a 4.35% cap rate, the property presents a clear value-add opportunity through utility restructuring and operational efficiencies, with a projected pro forma cap rate of approximately 6.63% at the current list price. The property also includes SIX off-alley parking spaces, a rare and valuable amenity in this area, providing added tenant convenience and potential for increased rental appeal or additional income. Ideally positioned in the sought-after Rainier Valley corridor between Hillman City and Brighton, this location offers excellent access to Rainier Ave S, I-5, I-90, light rail and bus lines, as well as nearby cafés, parks, schools, and major employment centers. A turnkey investment suited for local, out-of-area, or 1031 exchange buyers seeking immediate revenue, long-term appreciation, and a clear NOI growth strategy in one of Seattle's most dynamic rental corridors. Buyer to comply with all Washington and Seattle tenant protection laws and honor existing leases. Financials, rent roll, and maintenance records available upon request.

Location

State WA

County King

Area 380 - Southeast Seattle

Interior

Flooring Ceramic Tile, Hardwood

Fireplace false

Exterior

Exterior Feature Brick, Wood Products

Amenities Available Cable TV, Fenced-Partially, Gas Available, Outbuildings, Patio, RV Parking

View Y/N Yes

View Territorial

Roof Type Composition

Building

Lot Description Alley, Paved, Sidewalk

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools M L King Elem

Middle Schools Aki Kurose

High Schools Cleveland High

School District Seattle

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Northwest MLS (NWMLS)
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Steven Nicewarner

Steven Nicewarner

Broker | License ID: CA #2131027

+1(425) 390-4401

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4207 S Bateman ST