4207 S Bateman Street, Seattle, WA 98118
Local realty services provided by:Better Homes and Gardens Real Estate McKenzie Realty
Listed by: velia m sierra
Office: exp realty
MLS#:2521049
Source:NWMLS
Price summary
- Price:$895,000
- Price per sq. ft.:$326.64
About this home
Fully occupied, income-producing Seattle triplex delivering immediate cash flow with stable rents already in place and a clear path to higher returns. This well-maintained asset features one-year leases with reliable tenants, providing predictable in-place income and stable occupancy from day one. A future utility restructuring creates a realistic opportunity to improve operations and increase returns, with the property currently operating at a 4.35% cap rate and the potential to reach an estimated 6.63% pro forma cap rate at the current list price. Ask for the Investment Snapshot. Ideally located in the desirable Rainier Valley corridor between Hillman City and Brighton, the property offers quick access to Rainier Ave S, I-5, I-90, public transit, cafés, parks, schools, and major employment centers. This turnkey investment is ideal for local, out-of-area, or 1031 exchange buyers seeking a well-leased Seattle multifamily asset with immediate revenue, long-term appreciation potential, and a visible NOI growth strategy. Buyer to comply with all Washington and Seattle tenant-protection laws and honor existing leases. Financials, rent roll, and maintenance history available upon request....
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Home facts
- Year built:1952
- Listing ID #:2521049
- Updated:June 30, 2026 at 11:12 AM
Rooms and interior
- Flooring:Ceramic Tile Floor, Hardwood
- Living area:2,740 sq. ft.
Heating and cooling
- Heating:Baseboard, Radiant, Radiators
Structure and exterior
- Roof:Composition
- Year built:1952
- Building area:2,740 sq. ft.
- Lot area:0.12 Acres
- Lot Features:Alley, Paved, Sidewalk
- Construction Materials:Brick Exterior Finish, Wood Products Exterior Finish
- Exterior Features:Fenced-Partially, Patio
Schools
- High school:Cleveland High
- Middle school:Aki Kurose
- Elementary school:M L King Elem
Utilities
- Water:Public
- Sewer:Sewer Connected
Finances and disclosures
- Price:$895,000
- Price per sq. ft.:$326.64
- Tax amount:$8,842 (2026)
Features and amenities
- Amenities:Cable TV, Gas Available
Parking
- Total parking spaces:6
- Parking description:RV Parking
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