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JRJeff ReynoldsCompass · Seattle

Listed by Mahlet Altaye, KW Greater Seattle

2,301
Square feet
$391
Per sq ft
Multi Family
Type
1945
Year built
3,457 sq ft
Lot
89
Days on market

About this property

In-city Seattle multifamily rental with strong demand and long-term potential in the highly desirable 98144 / North Beacon Hill area. This property offers dependable rental income, a convenient location, and a clear path to future value through market rent alignment and strategic improvements. With a proven history of long-term tenants and low vacancy, it’s the kind of asset investors look for today, with room to grow. Easy access to downtown Seattle and major commuter routes makes it a smart addition to any portfolio or an excellent first multifamily purchase. This property with solid bones and a beautiful location offers a great opportunity for buyers ready to add value. With a little work and vision, this property has the potential to shine and deliver long-term returns.

Location & commute

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Directions

Property details

Listing details

Listing number
#2526828
Listed
May 20, 2026
Days on market
89 (includes a prior listing period)
Price per sq ft
$391

Unit & building

Building
Rainier Blvd 3rd Add
Stories in building
4
Units in building
4

Parking

Covered spaces
4
Total spaces
8

Views

View
MountainsTerritorial

Construction

Year built
1945
Style
54 - 4-Plex
Structure
Quadruplex
Roof
Flat

Heating & cooling

Heating
Baseboard
Cooling
None
Energy source
Electric

Lot

Lot size
3,457 sq ft

Terms

Terms offered
CashConventional

Utilities

Water
City of Seattle
Sewer
City of Seattle
Power
Seattle City Light

Schools

District
Seattle
Elementary
Beacon Hill
Middle
Wash Mid

What stands out to you?

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  • Mountains
  • Territorial
  • Quadruplex
  • Flat
  • Baseboard
  • None
  • Electric
  • Cash
  • Conventional

Listing history

  1. Listed

    $899,990

    May 20, 2026

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

$5,241

Principal & interest
$4,551
Property tax (est.)
$690

Assumes $179,998 down (20%), a $719,992 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.