$895,000
ActiveListing provided by Velia M Sierra, eXp Realty
59
DOM
About this property.
Fully occupied and income-producing Seattle triplex offering immediate cash flow with stable, in-place rents and strong upside potential. This well-maintained asset features one-year leases with reliable tenants, delivering predictable income and consistent occupancy from day one. Currently operating at a 4.35% cap rate, the property presents a clear value-add opportunity through utility restructuring and operational efficiencies, with a projected pro forma cap rate of approximately 6.63% at the current list price. The property also includes SIX off-alley parking spaces, a rare and valuable amenity in this area, providing added tenant convenience and potential for increased rental appeal or additional income. Ideally positioned in the sought-after Rainier Valley corridor between Hillman City and Brighton, this location offers excellent access to Rainier Ave S, I-5, I-90, light rail and bus lines, as well as nearby cafés, parks, schools, and major employment centers. A turnkey investment suited for local, out-of-area, or 1031 exchange buyers seeking immediate revenue, long-term appreciation, and a clear NOI growth strategy in one of Seattle’s most dynamic rental corridors. Buyer to comply with all Washington and Seattle tenant protection laws and honor existing leases. Financials, rent roll, and maintenance records available upon request.
Property details.
Features.
Exterior
Heating
Cooling
Flooring
View
Site Features
Agent information.
Schedule a Showing
Pick a day and time, and Austin will follow up to confirm.
By continuing, you consent to be contacted by Welcome to Whatcom and John L. Scott - Bellingham about this showing via call, text, or email.
Listed by: Velia M Sierra, eXp Realty
Courtesy of eXp Realty
Source: NWMLS, MLS#: 2521049
Listing data deemed reliable but not guaranteed. Based on information submitted to the MLS GRID as of 07/10/2026, 00:30:35 PST. 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. Provided by NWMLS as distributed by MLS Grid.
IDX information is provided exclusively for consumers' personal, noncommercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID.
Any use or search of data on this website, other than by a consumer looking to purchase real estate, is prohibited.
Listed by Velia M Sierra, eXp Realty
$895,000
Active4207 S Bateman Street , Seattle, WA 98118
0.12
Lot Acres
1952
Year Built
59
Days on Market
0 car
Garage
About This Property
Fully occupied and income-producing Seattle triplex offering immediate cash flow with stable, in-place rents and strong upside potential. This well-maintained asset features one-year leases with reliable tenants, delivering predictable income and consistent occupancy from day one. Currently operating at a 4.35% cap rate, the property presents a clear value-add opportunity through utility restructuring and operational efficiencies, with a projected pro forma cap rate of approximately 6.63% at the current list price. The property also includes SIX off-alley parking spaces, a rare and valuable amenity in this area, providing added tenant convenience and potential for increased rental appeal or additional income. Ideally positioned in the sought-after Rainier Valley corridor between Hillman City and Brighton, this location offers excellent access to Rainier Ave S, I-5, I-90, light rail and bus lines, as well as nearby cafés, parks, schools, and major employment centers. A turnkey investment suited for local, out-of-area, or 1031 exchange buyers seeking immediate revenue, long-term appreciation, and a clear NOI growth strategy in one of Seattle’s most dynamic rental corridors. Buyer to comply with all Washington and Seattle tenant protection laws and honor existing leases. Financials, rent roll, and maintenance records available upon request.
Property Details
Features
Exterior
Heating
Cooling
Flooring
View
Site Features
Agent Information
Schedule a Showing
Pick a day and time, and Austin will follow up to confirm.
By continuing, you consent to be contacted by Welcome to Whatcom and John L. Scott - Bellingham about this showing via call, text, or email.
Listed by: Velia M Sierra, eXp Realty
Courtesy of eXp Realty
Source: NWMLS, MLS#: 2521049
Listing data deemed reliable but not guaranteed. Based on information submitted to the MLS GRID as of 07/10/2026, 00:30:35 PST. 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. Provided by NWMLS as distributed by MLS Grid.
IDX information is provided exclusively for consumers' personal, noncommercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID.
Any use or search of data on this website, other than by a consumer looking to purchase real estate, is prohibited.