$5,800,000
ActiveListing provided by Nick Hemming, Paragon Real Estate Advisors
3
DOM
About this property.
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
Property details.
Features.
Exterior
Heating
Cooling
Flooring
Sewer
Water Source
Agent information.
Drive time
From this home
Mt. Baker Ski Area
Galbraith Mountain
Village Books
Slothy
Schedule a Showing
Pick a day and time, and we’ll 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: Nick Hemming, Paragon Real Estate Advisors
Courtesy of Paragon Real Estate Advisors
Source: NWMLS, MLS#: 2563789
Listing data deemed reliable but not guaranteed. Based on information submitted to the MLS GRID as of 08/07/2026, 01:15:49 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 Nick Hemming, Paragon Real Estate Advisors
$5,800,000
Active4803 S Henderson Street, Seattle, WA 98118
0.76
Lot Acres
1962
Year Built
3
Days on Market
0 car
Garage
About This Property
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
Property Details
Features
Exterior
Heating
Cooling
Flooring
Sewer
Water Source
Agent Information
Drive time
From this home
Mt. Baker Ski Area
Galbraith Mountain
Village Books
Slothy
Schedule a Showing
Pick a day and time, and we’ll 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: Nick Hemming, Paragon Real Estate Advisors
Courtesy of Paragon Real Estate Advisors
Source: NWMLS, MLS#: 2563789
Listing data deemed reliable but not guaranteed. Based on information submitted to the MLS GRID as of 08/07/2026, 01:15:49 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.