Listed by Nick Hemming, Paragon Real Estate Advisors
- 25,104
- Square feet
- $231
- Per sq ft
- Multi Family
- Type
- 1962
- Year built
- 33,000 sq ft
- Lot
- 90
- Days on market
About this property
Seller Financing available! The Henderson Arms Apartments, a 39 unit value add opportunity in Seattle’s Rainier Beach neighborhood. The property features 33 one bedroom and 6 two bedroom units with a mix of updated and classic interiors, providing strong in place income and additional upside through renovations. Amenities include private balconies, secured entry, off street parking, common laundry, and ample storage. A largely unutilized full height basement also offers potential for additional units and future income. The property is conveniently located near light rail, major transit routes, neighborhood amenities, and employment centers throughout Seattle.
Location & commute
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Property details
Listing details
- Listing number
- #2563789
- Listed
- August 3, 2026
- Days on market
- 90
- Price per sq ft
- $231
Unit & building
- Stories in building
- 4
- Units in building
- 39
Parking
- Total spaces
- 39
Construction
- Year built
- 1962
- Style
- 56 - 10+ Units
- Structure
- Multi Family
- Roof
- Flat
Heating & cooling
- Heating
- Wall Furnace
- Cooling
- None
- Energy source
- Electric
Flooring
- Flooring
- Laminate
Lot
- Lot size
- 33,000 sq ft
Terms
- Terms offered
- CashConventionalOwner Will Carry
Utilities
- Water
- Public
- Sewer
- Available
Schools
- District
- Seattle
What stands out to you?
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- Multi Family
- Flat
- Wall Furnace
- None
- Electric
- Laminate
- Cash
- Conventional
- Owner Will Carry
- Public
- Available
Listing history
Listed
$5,800,000
August 3, 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
$33,775
- Principal & interest
- $29,328
- Property tax (est.)
- $4,447
Assumes $1,160,000 down (20%), a $4,640,000 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 November 1, 2026 at 8:40 PM PST. 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.