Listed by Charles Burnett, Real Broker LLC
- 3,200
- Square feet
- $406
- Per sq ft
- Multi Family
- Type
- 1986
- Year built
- 3,760 sq ft
- Lot
- 224
- Days on market
About this property
Turn-key 8-unit asset with strong income potential and multiple operating strategies. Property is currently configured as hotel-style studio units, each fully furnished with a full bath and kitchenette, and was previously operated as overflow lodging for a nearby hotel. Units are separately metered for electric, providing flexibility to continue as short-term or extended-stay lodging, or reposition as long-term rentals for more traditional multifamily cash flow. Strong rent-per-square-foot potential with additional value-add upside. Property features 8 ground-level parking spaces plus a second-floor storage room already plumbed for future laundry installation. First time on the market — owned by the original owner with recent roof replacement and major capital improvements already completed. Excellent access to I-5 and Hwy 99, with close proximity to downtown supporting consistent rental demand and long-term investment appeal.
Location & commute
Add a destination (work, gym, school) for directions and drive time.
Property details
Listing details
- Listing number
- #2492452
- Listed
- March 13, 2026
- Days on market
- 224 (includes a prior listing period)
- Price per sq ft
- $406
- Original list price
- $1,567,500
Unit & building
- Stories in building
- 3
- Units in building
- 8
Parking
- Covered spaces
- 5
- Total spaces
- 8
Views
- View
- Territorial
Construction
- Year built
- 1986
- Style
- 55 - 5-9 Units
- Structure
- Multi Family
- Roof
- Torch Down
Heating & cooling
- Heating
- Wall Furnace
- Cooling
- Wall Unit(s)
- Energy source
- Electric
Flooring
- Flooring
- Ceramic TileLaminateVinyl PlankCarpet
Lot
- Lot features
- CurbsSidewalk
- Lot size
- 3,760 sq ft
Terms
- Terms offered
- Cash
Utilities
- Water
- Public
- Sewer
- Sewer Connected
Schools
- District
- Seattle
What stands out to you?
Mark features you love or could do without. Saved on this device to tune what you see.
- Territorial
- Multi Family
- Torch Down
- Wall Furnace
- Wall Unit(s)
- Electric
- Ceramic Tile
- Laminate
- Vinyl Plank
- Carpet
- Curbs
- Sidewalk
Listing history
Listed
$1,567,500
March 13, 2026
Current price
$1,300,000
Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.
Payment estimate
An estimate to help you plan, not a loan offer or financial advice.
Est. monthly
$7,571
- Principal & interest
- $6,574
- Property tax (est.)
- $997
Assumes $260,000 down (20%), a $1,040,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.
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Based on information submitted to the MLS GRID as of August 28, 2026 at 4:45 AM PDT. 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.