4803 S Henderson ST, Seattle, WA 98118
4803 S Henderson ST, Seattle, WA 98118
4803 S Henderson ST, Seattle, WA 98118
4803 S Henderson ST, Seattle, WA 98118
4803 S Henderson ST, Seattle, WA 98118
4803 S Henderson ST, Seattle, WA 98118
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Karley Oswald

Karley Oswald

+1(253) 514-9775
Listed by:Paragon Real Estate Advisors • Nick Hemming
$ 5,800,000
Est. payment | /mo

45 Beds

39 Baths

25,104 SqFt

Save
$ 5,800,000
Est. payment | /mo
Save

45 Beds

39 Baths

25,104 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 25,104 sqft

Price per Sqft $231

Subdivision Rainier Beach

MLS Listing ID 2563789

Style 56 - 10+ Units

Bedrooms 45

Year Built 1962

Annual Tax Amount $89,417

Lot Size 0.758 Acres

Property Sub-Type Multi Family

Property Description

Henderson Arms Apartments, a value-add multifamily property located in the Rainier Beach neighborhood of Seattle's Rainier Valley submarket. The property presents a compelling opportunity for investors seeking stable in-place income, value-add upside, and long-term ownership in a high demand and supply-constrained rental corridor. Henderson Arms Apartments is comprised of a desirable mix of 33-1bed/1bath and 6-2bed/1bth units. The units consist of a blend of updated and classic finishes, offering immediate rental appeal with clear upside through strategic renovations. Building features include double-pane windows, secured entry, private balconies, ample storage and common-area laundry facilities. The property also presents the potential for additional unit development with a largely unutilized full height basement, providing an attractive path to increase density and future income. Off-street parking and a well-maintained residential setting further enhance tenant appeal and retention. Situated in a strong Seattle rental market, Henderson Arms benefits from convenient access to major transit routes, neighborhood retail, parks, and employment centers throughout Downtown Seattle, Columbia City, and the broader I-5 corridor. The surrounding area continues to experience steady renter demand driven by affordability constraints and proximity to regional job hubs

Location

State WA

County King

Area 380 - Southeast Seattle

Interior

Flooring Laminate

Fireplace false

Exterior

Exterior Feature Brick

View Y/N No

Roof Type Flat

Building

Sewer Available

Water Public

New Construction No

Schools

School District Seattle

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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

Nearby Locations

Karley Oswald
Karley Oswald

Broker Associate | License ID: 20110993

+1(253) 514-9775 | karley@karleyoswaldhomes.com

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4803 S Henderson ST