Property Details

9732 59th Avenue S
Seattle, WA 98118
$670,000
MLS# 2514796 courtesy of NWMLS Listing firm: Windermere Real Estate/M2, LLC

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9732 59th Avenue S, Seattle, WA 98118, Seattle

1 / 40
Multi-Family
Property Type
1,370
Bldg Sq Ft
2
Units
4.50%
Cap Rate
1914
Year Built

Property Overview

PRICE IMPROVEMENT!! Park adjacent NW Craftsman on a private, dead-end street with rare parking and only one neighboring home. This charming 2-bed, 1 bath bungalow offers open green views, covered patios, and a fully fenced backyard oasis. Sip coffee on your covered patio overlooking Hutchinson Park with glimpses of DT Seattle & Lake WA. Two detached studios (+240 sqft, 2019) w/ additional 3/4 bath and utility sink offer incredible flexibility, ideal for guests, creative space, or income potential. Inside features original hardwoods, modern kitchen with custom counters, and a spa-like bath with radiant heated floors. Additional upgrades include LVP kitchen flooring, newer GE kitchen appliances (2021), Samsung washer and dryer, fresh interior paint, professional roof cleaning (2026), and gutter guards. Located just minutes to I5, 405 Light Rail, Lake Washington, and The Landing. Pre inspection and sewer scope available.

Property Details

Property Information

Property Type Residential Income
Subtype Multi Family
Status Active
County King
Neighborhood Rainier Beach
Listed Apr 16, 2026
Original Price $695,000

Financial Summary

Cap Rate 4.50%
Net Operating Income $31,668
Gross Scheduled Income $48,000
Gross Rent Multiplier 14.50
Total Expenses $12,492
Vacancy Rate 8.0%

Building & Use

Building Sq Ft 1,370
Leasable Area 1,610 sqft
Total Units 2
Lot Size 5,249 sqft
Year Built 1914

Exterior & Lot

Lot Size 0.12 sqft
Year Built 1914
Exterior Materials Cement Plank, Wood
Parking RV Parking
Sewer Sewer Connected
Water Source Public
Lot Features Curbs, Dead End Street, Paved, Sidewalk
Exterior Features Cement Planked, Wood, Wood Products

Location

City Seattle
County King
Coordinates 47.51421, -122.25904

Additional Information

Tax Year 2025
Annual Taxes $5,639
Possession Array
Listed By
Chelsea Brown
Windermere Real Estate/M2, LLC

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