17416 97th Avenue Sw, Vashon, WA 98070

Vashon
Local realty services provided by:Knipe Realty ERA Powered
Listed by: connie sorensen, sara peterson
Office: compass206-330-0314
MLS#:2583315
Source:NWMLS
17416 97th Avenue Sw,Vashon, WA 98070
$1,295,000
  • - Beds
  • 5 Baths
  • 4,160 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$1,295,000
  • Price per sq. ft.:$311.3

About this home

Rare Vashon investment and development opportunity! This well-maintained, established 5-unit multifamily property offers immediate income with further expansion for re-development potential (buyer to verify) adding long-term value beyond the existing improvement. The versatile mix includes a studio, two 2BR/1BA and two 3BR/1BA apartments with a history of strong occupancy. Current rent of $8175 is below fair market, including one Section 8 rental. Most units include a private washer & dryer and four units include fireplaces. The building has a newly installed roof, a significant infrastructure upgrade, new windows, flooring, wainscoting and more. The .75-acre R12-zoned parcel includes 6 water shares—an exceptional asset for future possibilities. Priced at $215,833 per unit with a cap rate at 5.87, the value is solid. Even more compelling, two contiguous R12SO-zoned parcels are also available (MLS#2590323), together offering 6 additional water shares. Acquisition of all three...

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Home facts

  • Year built:1957
  • Subdivision & Development:In Town
  • Listing ID #:2583315
  • Updated:November 01, 2026 at 06:43 PM

Rooms and interior

  • Total bathrooms:5
  • Flooring:Carpet, Laminate, Vinyl Plank
  • Living area:4,160 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Composition
  • Year built:1957
  • Building area:4,160 sq. ft.
  • Lot area:0.75 Acres
  • Lot Features:Dead-end Street
  • Construction Materials:Wood Exterior Finish
  • Exterior Features:Fenced-Partially

Schools

  • High school:Vashon Isl High
  • Middle school:Mcmurray Mid
  • Elementary school:Chautauqua Elem

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,295,000
  • Price per sq. ft.:$311.3
  • Tax amount:$12,001 (2025)

Features and amenities

  • Amenities:Cable TV, Gas Available, High Speed Internet

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 November 1, 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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