4803 S Henderson Street, Seattle, WA 98118
- $5,800,000
- 25,104
- SqFt
Listing Broker: Paragon Real Estate Advisors; Nick Hemming; 206-812-9105; nhemming@paragonrea.com
- List Price
- $5,800,000
- Status
- ACTIVE
- MLS#
- 2563789
- Days on Market
- 50
- Style
- 56 - 10+ Units
- Finished SqFt
- 25,104
- Area Total SqFt
- 25104
- Annual Tax Ammount
- 89417
- Lot Size (sq ft)
- 33,000
- Sewer
- Available
Property Description
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.
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Additional Information
- List Date
- 2026-08-03 22:28:12
- Community
- Rainier Beach
- Net Operating Income
- $262,166
- Gross Adjusted Income
- $567,930
- Gross Scheduled Income
- $598,200
- Total Monthly Income
- $50,450
- Insurance Expenses
- $41,038
- Water/Sewer/Garbage Expenses
- $72,144
- Gross Rent Multiplier
- 9.69
- Total Expenses
- $312,964
- Cap Rate
- 4.52
- Vacancy Rate
- 5
- Total Number of Units
- 39
- Unit Name
- 4803
- Potential Terms
- Cash, Conventional, Owner Will Carry
- Year Built
- 1962
- Roof
- Flat
- Other Expenses
- 110365
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $50,450
- Gross Scheduled Income
- $598,200
- Vacancy Rate
- 5
- Gross Adjusted Income
- $567,930
- Tax Year
- 2026
- Insurance Expense
- $41,038
- W/S/G Expenses
- $72,144
- Total Expenses
- $312,964
- Net Operating Income
- $262,166
- Gross Rent Multiplier
- 9.69
- Cap Rate
- 4.52
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.