10790 16th Avenue SW, Seattle, WA 98146
- $8,000,000
- 27,890
- SqFt
Listing courtesy of Kidder Mathews.
- List Price
- $8,000,000
- Status
- ACTIVE
- MLS#
- 2584938
- Days on Market
- 0
- Style
- 56 - 10+ Units
- Building Condition
- Good
- Finished SqFt
- 27,890
- Area Total SqFt
- 27890
- Annual Tax Ammount
- 101950
- Lot Size (sq ft)
- 37,700
- Sewer
- Sewer Connected
Property Description
Centerwood presents an exceptional opportunity to acquire a 36-unit multifamily community built in 2009, located in White Center within unincorporated King County. The property consists of three well-maintained buildings totaling approximately 27,890 rentable square feet, featuring an attractive all two-bedroom unit mix with 35 two-bedroom/two-bathroom units and one two-bedroom/one-bathroom unit. Each residence includes an in-unit washer and dryer, while the community offers 61 parking stalls. Quality construction features include fire sprinklers, copper supply lines, double-pane windows, and individual hot water tanks. Conveniently located near downtown White Center, Westwood Village, public transportation, and major employment centers. Centerwood offers investors a compelling opportunity with a 5.83% in-place cap rate and potential upside through operational improvements and light cosmetic renovations. Offered at $8,000,000.
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Additional Information
- List Date
- 2026-09-19 00:43:10
- Community
- White Center
- Net Operating Income
- $466,619
- Gross Adjusted Income
- $812,948
- Gross Scheduled Income
- $782,297
- Total Monthly Income
- $65,196
- Insurance Expenses
- $20,049
- Water/Sewer/Garbage Expenses
- $26,710
- Gross Rent Multiplier
- 17
- Total Expenses
- $346,329
- Cap Rate
- 5.83
- Vacancy Rate
- 6
- Total Number of Units
- 2
- Unit Name
- 10790
- Potential Terms
- Cash, Conventional
- Year Built
- 2009
- View
- City
- Roof
- Composition
- Electric Expenses
- 26710
- Other Expenses
- 144199
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $65,196
- Gross Scheduled Income
- $782,297
- Vacancy Rate
- 6
- Gross Adjusted Income
- $812,948
- Tax Year
- 2026
- Insurance Expense
- $20,049
- W/S/G Expenses
- $26,710
- Total Expenses
- $346,329
- Net Operating Income
- $466,619
- Gross Rent Multiplier
- 17
- Cap Rate
- 5.83
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.