4803 S Henderson Street, Seattle, WA 98118
Local realty services provided by:Knipe Realty ERA Powered
Listed by: nick hemming
Office: paragon real estate advisors
MLS#:2563789
Source:NWMLS
4803 S Henderson Street,Seattle, WA 98118
$5,800,000
- - Beds
- - Baths
- 25,104 sq. ft.
- Multi-family
- Active
Price summary
- Price:$5,800,000
- Price per sq. ft.:$231.04
About this home
Henderson Arms Apartments, a value-add multifamily property located in the Rainier Beach neighborhood of Seattle’s Rainier Valley submarket. The property presents a compelling opportunity for investors seeking stable in-place income, value-add upside, and long-term ownership in a high demand and supply-constrained rental corridor. Henderson Arms Apartments is comprised of a desirable mix of 33-1bed/1bath and 6-2bed/1bth units. The units consist of a blend of updated and classic finishes, offering immediate rental appeal with clear upside through strategic renovations. Building features include double-pane windows, secured entry, private balconies, ample storage and common-area laundry facilities. The property also presents the potential for additional unit development with a largely unutilized full height basement, providing an attractive path to increase density and future income. Off-street parking and a well-maintained residential setting further enhance tenant appeal and retention. Situated in a strong Seattle rental market, Henderson Arms benefits from convenient access to major transit routes, neighborhood retail, parks, and employment centers throughout Downtown Seattle, Columbia City, and the broader I-5 corridor. The surrounding area continues to experience steady renter demand driven by affordability constraints and proximity to regional job hubs...
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Home facts
- Year built:1962
- Subdivision & Development:Rainier Beach
- Listing ID #:2563789
- Updated:August 03, 2026 at 07:59 PM
Rooms and interior
- Flooring:Laminate
- Living area:25,104 sq. ft.
Structure and exterior
- Roof:Flat Roof
- Year built:1962
- Building area:25,104 sq. ft.
- Lot area:0.76 Acres
- Construction Materials:Brick Exterior Finish
Utilities
- Water:Public
- Sewer:Available
Finances and disclosures
- Price:$5,800,000
- Price per sq. ft.:$231.04
- Tax amount:$89,417 (2026)
Parking
- Total parking spaces:39
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