Property Details
10443 17 Avenue SW
Seattle, WA 98146
$999,000
Active
Schedule a Showing
Select your date preference
Request More Info
1 / 40
Property Overview
Exceptional opportunity to acquire a fully renovated, income-producing 4-plex in Seattle’s highly competitive 98146 rental corridor. Priced aggressively under $1M, this stabilized multifamily asset is expected to generate **strong immediate interest and multiple offers** due to its turnkey condition, income stability, and limited availability of similar assets in this price range. Comprehensively renovated in 2025, the property features four well-designed 2BD/1BA units, each offering strong tenant appeal, in-unit washer/dryer, private outdoor space (decks/patios/yards), and reserved parking. All units are occupied by stable long-term tenants at $1,800/month, producing $86,400 in annual gross income with a NOI of approximately $68,354, reflecting a 6.84% cap rate with clear upside potential. Market rents in the area continue trending toward $1,950+/month, providing immediate and achievable rent-growth upside without additional capital improvements. The property benefits from consistent rental demand driven by proximity to employment centers, transit access, neighborhood amenities. The 98146 corridor continues to experience strong investor demand due to limited inventory of renovated small multifamily assets. This is a **true turnkey, low-maintenance investment** ideal for buy-and-hold investors, house hackers, and 1031 exchange buyers seeking immediate deployment of capital in a stabilized asset with upside. Financials, rent roll, and expense breakdown available upon request.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
White Center
Listed
Apr 3, 2026
Financial Summary
Cap Rate
6.84%
Net Operating Income
$68,355
Gross Scheduled Income
$86,400
Gross Rent Multiplier
11.56
Total Expenses
$18,045
Building & Use
Building Sq Ft
3,120
Leasable Area
3,120 sqft
Total Units
4
Lot Size
17,001 sqft
Year Built
1969
Exterior & Lot
Lot Size
0.39 sqft
Year Built
1969
Exterior Materials
Cement Plank
Sewer
Sewer Connected
Exterior Features
Cement Planked
Location
City
Seattle
County
King
Coordinates
47.50885, -122.35682
Additional Information
Tax Year
2025
Annual Taxes
$3,360
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 5:11 PM. 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, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
