10443 17 AVE SW, Seattle, WA 98146
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10443 17 AVE SW, Seattle, WA 98146
10443 17 AVE SW, Seattle, WA 98146
10443 17 AVE SW, Seattle, WA 98146
10443 17 AVE SW, Seattle, WA 98146
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Dana Lunceford

Dana Lunceford

+1(206) 380-7829
Listed by:AgencyOne • Deep Paknikar
$ 999,000
Est. payment /mo
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Active

10443 17 AVE SW Seattle, WA 98146

7 Beds

4 Baths

3,120 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,120 sqft

Price per Sqft $320

Subdivision White Center

MLS Listing ID 2502279

Style 54 - 4-Plex

Bedrooms 7

HOA Fees $11/mo

Year Built 1969

Annual Tax Amount $3,360

Lot Size 0.390 Acres

Property Sub-Type Multi Family

Property Description

Exceptional opportunity to acquire a fully renovated, income-producing 4-plex in Seattle's highly competitive 98146 rental corridor. Priced aggressively under $1M, this stabilized multifamily asset is expected to generate **strong immediate interest and multiple offers** due to its turnkey condition, income stability, and limited availability of similar assets in this price range. Comprehensively renovated in 2025, the property features four well-designed 2BD/1BA units, each offering strong tenant appeal, in-unit washer/dryer, private outdoor space (decks/patios/yards), and reserved parking. All units are occupied by stable long-term tenants at $1,800/month, producing $86,400 in annual gross income with a NOI of approximately $68,354, reflecting a 6.84% cap rate with clear upside potential. Market rents in the area continue trending toward $1,950+/month, providing immediate and achievable rent-growth upside without additional capital improvements. The property benefits from consistent rental demand driven by proximity to employment centers, transit access, neighborhood amenities. The 98146 corridor continues to experience strong investor demand due to limited inventory of renovated small multifamily assets. This is a **true turnkey, low-maintenance investment** ideal for buy-and-hold investors, house hackers, and 1031 exchange buyers seeking immediate deployment of capital in a stabilized asset with upside. Financials, rent roll, and expense breakdown available upon request.

Location

State WA

County King

Area 130 - Burien/Normandy Park

Interior

Fireplace false

Exterior

Exterior Feature Cement Planked

View Y/N No

Roof Type Composition

Building

Sewer Sewer Connected

New Construction No

Schools

School District Highland

Others

Senior Community No

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
Dana Lunceford

Dana Lunceford

Providing Professional Real Estate Services Since 1990 | License ID: 7373

+1(206) 380-7829

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10443 17 AVE SW