4526 S Henderson Street, Seattle, WA 98118

Seattle
Local realty services provided by:Knipe Realty ERA Powered
Listed by: ben douglas, michael urquhart
Office: paragon real estate advisors
MLS#:2534478
Source:NWMLS
4526 S Henderson Street,Seattle, WA 98118
$1,100,000
  • - Beds
  • - Baths
  • 4,358 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$1,100,000
  • Price per sq. ft.:$252.41

About this home

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.

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Home facts

  • Year built:1978
  • Listing ID #:2534478
  • Updated:July 07, 2026 at 12:43 AM

Rooms and interior

  • Flooring:Laminate
  • Living area:4,358 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Composition
  • Year built:1978
  • Building area:4,358 sq. ft.
  • Lot area:0.13 Acres
  • Construction Materials:Wood Products Exterior Finish

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,100,000
  • Price per sq. ft.:$252.41
  • Tax amount:$15,770 (2026)

Parking

  • Total parking spaces:7
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of July 7, 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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