Property Details
4207 S Bateman Street
Seattle, WA 98118
$895,000
Active
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Property Overview
Fully occupied, income-producing Seattle triplex delivering immediate cash flow with stable rents already in place and a clear path to higher returns. This well-maintained asset features one-year leases with reliable tenants, providing predictable in-place income and stable occupancy from day one. A future utility restructuring creates a realistic opportunity to improve operations and increase returns, with the property currently operating at a 4.35% cap rate and the potential to reach an estimated 6.63% pro forma cap rate at the current list price. Ask for the Investment Snapshot. Ideally located in the desirable Rainier Valley corridor between Hillman City and Brighton, the property offers quick access to Rainier Ave S, I-5, I-90, public transit, cafés, parks, schools, and major employment centers. This turnkey investment is ideal for local, out-of-area, or 1031 exchange buyers seeking a well-leased Seattle multifamily asset with immediate revenue, long-term appreciation potential, and a visible NOI growth strategy. Buyer to comply with all Washington and Seattle tenant-protection laws and honor existing leases. Financials, rent roll, and maintenance history available upon request.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Brighton
Listed
May 11, 2026
Financial Summary
Cap Rate
4.35%
Net Operating Income
$38,963
Gross Scheduled Income
$72,600
Gross Rent Multiplier
12.33
Total Expenses
$30,007
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
2,740
Leasable Area
2,750 sqft
Total Units
3
Zoning
Residential
Possible Use
Residential
Lot Size
5,249 sqft
Year Built
1952
Exterior & Lot
Lot Size
0.12 sqft
Year Built
1952
Exterior Materials
Brick, Wood
Parking
RV Parking
Sewer
Sewer Connected
Water Source
Public
Lot Features
Alley, Paved, Sidewalk
Exterior Features
Brick, Wood Products
Location
City
Seattle
County
King
Coordinates
47.54654, -122.28040
Additional Information
Tax Year
2026
Annual Taxes
$8,842
Possession
Array
Based on information submitted to the MLS GRID as of May 14, 2026 12:00 AM. 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.
