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JRJeff ReynoldsCompass · Seattle

Listed by Deep Paknikar, AgencyOne

3,120
Square feet
$304
Per sq ft
Multi Family
Type
1969
Year built
17,000 sq ft
Lot
156
Days on market

About this property

Fully renovated, fully occupied four-plex — turnkey income property in a proven Seattle rental corridor. Rare opportunity to acquire stabilized small multifamily where all the work is already done. Each of the four 2-bedroom, 1-bath units was comprehensively renovated in 2025 with new kitchens, updated baths, modern flooring, and in-unit washer/dryers — and every unit enjoys its own private outdoor space (decks, patios, or yard) plus reserved parking, the amenity package that attracts quality tenants and keeps them in place. Long-term tenants occupy all four units, with current rents sitting below market — organic upside with zero additional capex, not a value-add project. Minutes to [downtown Seattle / SeaTac / major employers via 509], transit, and the White Center–Burien amenity corridor, where renovated small multifamily rarely comes available. Back on market through no fault of the property — prior buyer's financing failed. Ideal for buy-and-hold investors, house-hackers (live in one, rent three), and 1031 exchange buyers seeking immediate placement. Full financials, rent roll, and lease documentation available to qualified buyers on request.

Location & commute

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Directions

Property details

Listing details

Listing number
#2502279
Listed
April 3, 2026
Days on market
156 (includes a prior listing period)
Price per sq ft
$304
Original list price
$999,000

Unit & building

Stories in building
2
Units in building
4

Homeowners association

HOA dues
$11 monthly

Parking

Total spaces
12

Construction

Year built
1969
Style
54 - 4-Plex
Structure
Quadruplex
Roof
Composition

Heating & cooling

Heating
Forced Air
Cooling
None
Energy source
Electric

Lot

Lot size
17,000 sq ft

Terms

Terms offered
CashConventionalFHAVA Loan

Utilities

Sewer
Sewer Connected

Schools

District
Highland

What stands out to you?

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  • Quadruplex
  • Composition
  • Forced Air
  • None
  • Electric
  • Cash
  • Conventional
  • FHA
  • VA Loan
  • Sewer Connected

Listing history

  1. Listed

    $999,000

    April 3, 2026

  2. Current price

    $950,000

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

$5,543

Principal & interest
$4,804
Property tax (est.)
$728
HOA dues
$11

Assumes $190,000 down (20%), a $760,000 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.

Similar nearby listings

Based on information submitted to the MLS GRID as of July 13, 2026 at 11:01 PM 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.