USAWASeattleDunlap4526 S Henderson Street
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$1,100,000

For Sale

21 hours ago

4526 S Henderson Street, Seattle, WA

House

MLS® 2534478

0 Bed

0 Bath

--

7 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage 
Taxes $15,770
Days Active 0
Lot Size 0.1312 Acres
Approx. Age 1978
MLS® Number 2534478

Property Address: 4526 S Henderson Street, Seattle, WA, 98118

Average square foot calculated using Size range provided by listing agent.

Description

The property is positioned just south of Columbia City and within the broader Rainier Valley submarket, served by the Sound Transit Link light rail and direct bus access to downtown Seattle. The offering is an operational value-add opportunity. The asset has been updated over the years and does not require a large capital investment to perform. Current scheduled rents sit below market and the property does not currently bill back utilities to tenants. A new ownership group can grow income through natural lease turnover and the implementation of a utility recapture program, lifting NOI from $58, 979 to $73, 386 without renovation expense. The Henderson 7-Unit is priced at $1, 100, 000, or $157, 143 per unit and $252 per rentable square foot, reflecting a 6.0% current cap rate and a 7.4% market cap rate. The asset offers an investor a meaningful cap rate spread, durable in-place income on a 1978 wood-frame building that has been fully updated over the last five years.
MLS® Number2534478
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1978
Basement
Driveway
Garage Spaces
HeatBaseboard
A/CNone

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 1, 2026List Date
$1,100,000List Price
  • Commute

Commute

Starting Address
Destination Address
4526 S Henderson Street, Seattle, WA

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