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7440 Rainier Ave S
Seattle, WA 98118
7440 Rainier Ave s · Multifamily Property For Sale
·
6 Units
EXECUTIVE SUMMARY
Excellent value-add opportunity in the heart of Rainier Valley! 6-unit building on a 6,200 SF LR3 lot with income and redevelopment potential. Unit mix: five 2BRs and one 1BR, with two vacancies and all tenants month-to-month—ideal for renovation and rent growth. Current rents are well below market, offering strong upside through updates, increases, or redevelopment. Seller financing available—contact broker for details. Showings upon Mutual Acceptance only.
PROPERTY FACTS Under Contract
| Price Per Unit | $205,120 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 1.84% | Lot Size | 0.15 AC |
| No. Units | 6 | Building Size | 4,698 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1968 |
| Price Per Unit | $205,120 CAD |
| Sale Type | Investment |
| Cap Rate | 1.84% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,698 SF |
| No. Stories | 3 |
| Year Built | 1968 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $1,224 CAD | 758 |
| 2+1 | 5 | $1,641 CAD | 758 |
PROPERTY TAXES
| Parcel Number | 262404-9102 | Improvements Assessment | $1,112,577 CAD |
| Land Assessment | $699,415 CAD | Total Assessment | $1,811,991 CAD |
PROPERTY TAXES
Parcel Number
262404-9102
Land Assessment
$699,415 CAD
Improvements Assessment
$1,112,577 CAD
Total Assessment
$1,811,991 CAD
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