4207 S Bateman Street, Seattle, WA 98118

Seattle
Local realty services provided by:Imagine Realty ERA Powered
Listed by: velia m sierra
Office: exp realty
MLS#:2521049
Source:NWMLS
4207 S Bateman Street,Seattle, WA 98118
$895,000
Virtual Tour
  • - Beds
  • - Baths
  • 2,740 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$895,000
  • Price per sq. ft.:$326.64

About this home

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...

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Home facts

  • Year built:1952
  • Listing ID #:2521049
  • Updated:May 11, 2026 at 06:00 PM

Rooms and interior

  • Flooring:Ceramic Tile Floor, Hardwood
  • Living area:2,740 sq. ft.

Heating and cooling

  • Heating:Baseboard, Radiant, Radiators

Structure and exterior

  • Roof:Composition
  • Year built:1952
  • Building area:2,740 sq. ft.
  • Lot area:0.12 Acres
  • Lot Features:Alley, Paved, Sidewalk
  • Construction Materials:Brick Exterior Finish, Wood Products Exterior Finish
  • Exterior Features:Fenced-Partially, Patio

Schools

  • High school:Cleveland High
  • Middle school:Aki Kurose
  • Elementary school:M L King Elem

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$895,000
  • Price per sq. ft.:$326.64
  • Tax amount:$8,842 (2026)

Features and amenities

  • Amenities:Cable TV, Gas Available

Parking

  • Total parking spaces:6
  • Parking description:RV Parking
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of May 11, 2026. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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