Welcome to Whatcom | John L. Scott Bellingham
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$1,699,950

Active

Listing provided by Quirina Maravilla, eXp Realty

0

DOM

Ask Austin

About this property.

Exceptional value-add investment opportunity in Seattle's evolving Rainier Beach neighborhood, just moments from Lake Washington. This 7-unit multifamily property features an ideal unit mix of four 2-bedroom/1-bath units and three 1-bedroom/1-bath units, providing strong in-place income with additional revenue from on-site coin-operated laundry. Current ownership has maintained consistent occupancy while offering the next owner the opportunity to enhance value through cosmetic unit updates as vacancies occur. Investors will appreciate the potential to improve rental income over time while benefiting from immediate cash flow. Situated on an NC155(M)-zoned lot with six tandem parking spaces accommodating up to 12 vehicles, the property also offers long-term redevelopment potential (buyer to verify). Conveniently located near Lake Washington, transit, neighborhood restaurants, shopping, and ongoing community investment, this is a rare opportunity to acquire a well-performing asset with multiple avenues for future growth. Some interior photos have been virtually staged for illustrative purposes only. Virtual staging is limited to furnishings and décor.

Property details.

Property TypeResidential Income
Sub TypeMulti Family
Stories3
Year Built1923
Lot Acres0.11
Garage0 car
List Price$1,699,950
MLS StatusActive

Features.

Exterior

BrickWoodWood Products

Heating

BaseboardWall Furnace

Cooling

None

Flooring

LaminateVinylCarpet

View

LakePartialTerritorial

Agent information.

List AgentQuirina Maravilla
List OfficeeXp Realty
Austin Hudspeth

Austin Hudspeth

Licensed Broker · John L. Scott Real Estate

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Listed by: Quirina Maravilla, eXp Realty

Courtesy of eXp Realty

Source: NWMLS, MLS#: 2548973NWMLS

NWMLS

Listing data deemed reliable but not guaranteed. Based on information submitted to the MLS GRID as of 07/02/2026, 15:45:29 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.

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