7440 Rainier Avenue S, Seattle, WA 98118
- $900,000
- 4,698
- SqFt
Listing courtesy of Urban Commercial Partners, LLC. Selling Office: Urban Commercial Partners, LLC.
- Sold Price
- $900,000
- List Price
- $899,999
- Status
- SOLD
- MLS#
- 2414699
- Closing Date
- Jan 15, 2026
- Days on Market
- 15
- Style
- 55 - 5-9 Units
- Finished SqFt
- 4,698
- Area Total SqFt
- 4698
- Annual Tax Ammount
- 13174.06
- Lot Size (sq ft)
- 6,200
- Sewer
- Sewer Connected
Property Description
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.
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Additional Information
- List Date
- 2025-12-31 00:00:00
- Community
- Rainier Valley
- Net Operating Income
- $16,566
- Gross Adjusted Income
- $39,540
- Gross Scheduled Income
- $53,940
- Total Monthly Income
- $4,495
- Insurance Expenses
- $11,300
- Water/Sewer/Garbage Expenses
- $9,560
- Gross Rent Multiplier
- 15.76
- Total Expenses
- $37,703
- Cap Rate
- 1.9500000000000002
- Vacancy Rate
- 33
- Total Number of Units
- 6
- Unit Name
- 7440
- Potential Terms
- Conventional
- Year Built
- 1968
- Roof
- See Remarks
- Electric Expenses
- 2669
- Other Expenses
- 1000
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $4,495
- Gross Scheduled Income
- $53,940
- Vacancy Rate
- 33
- Gross Adjusted Income
- $39,540
- Tax Year
- 2025
- Insurance Expense
- $11,300
- W/S/G Expenses
- $9,560
- Total Expenses
- $37,703
- Net Operating Income
- $16,566
- Gross Rent Multiplier
- 15.76
- Cap Rate
- 1.9500000000000002
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.