Listing provided courtesy of Torre RealtyNWMLSas Distributed by MLSGrid- MLS# NWM2413358
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Request Info7410 Rainier Avenue SSeattle, WA 98118
Multi-Family · 7 Beds · 0.18 Acres$1,589,000
Active
7410 Rainier Avenue S Overview
- Visits:
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Prime 7-Unit Investment Opportunity Just 15 Minutes from Downtown Seattle. Located in a high-demand area, this fully occupied 7-unit property offers strong cash flow and excellent rental history. Zoned LR3, the site allows for a variety of redevelopment options. The next door property—also zoned LR3—is also listed for sale, creating the potential for a larger-scale development. All units have been tastefully updated, including kitchens, bathrooms, and flooring. Additional income is generated through coin-operated laundry on-site. A rare chance to invest or build in one of Seattle’s most strategic locations.
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7410 Rainier Avenue S Facts & Features
- Type Multi-Family
- Lot 0.18 Acres
Details
General
Association/HOA
- Association Fee: $0.00
School Information
- School District: Seattle
- Elementary School: Seattle Public Sch
- Middle Or Junior School: Seattle Public Sch
- High School: Rainier Beach High
Income/Expenses
- Other Expense: 25449
- Electric Expense: 1000
- Fuel Expense: 2000
- Gross Scheduled Income: 105947
- Insurance Expense: 2038
- Net Operating Income: 59188
- Total Expenses: 46759
- Total Monthly Income: 9040
- Water/Sewer/Garbage: 3553
Building Information
- New Construction: No
- Year Built: 1955
Location/Region
- Country: US
- County Or Parish: King
- MLS Area Major: 380 - Southeast Seattle
- Subdivision Name: Rainier Valley
Community/Development
- Amenities: Basement,Coin Op Laundry
Tax Information
- Tax Annual Amount: $12,719.00
- Tax Year: 2024
General Information
- Listing Terms: Cash, Conventional, Owner Will Carry
- Parcel Number: 2624049182
- Possible Use: Business,Commercial,Multi-Family,Office,Residential,Retail
- Property Condition: Good
- Property Sub Type: Multi Family
- Property Type: Residential Income
- Senior Community: No
- Special Listing Conditions: None
Interior
Beds/Baths
- Bedrooms Upper: 0
Building Interior
- Building Area Total: 0
- Building Area Units: Square Feet
- Calculated Square Footage: 0
- Square Footage Finished: 0
- Square Footage Unfinished: 0
General Information
- Cooling: No
- Fireplace: No
- Fireplaces Total: 0
- Flooring: Laminate
- Foundation Details: Poured Concrete
- Heating: Yes
- Leasable Area: 3958
- Living Area: 0
- Main Level Bathrooms: 0
- Power Production Type: Electric
- Stories Total: 1
Exterior
Parking Information
- Open Parking Spaces: 7
- Open Parking: Yes
- Parking Uncovered Spaces: 7
Lot Information
- Irrigation Water Rights: No
- Lot Features: Curbs, Paved, Sidewalk
- Lot Size Acres: 0.183
- Lot Size Square Feet: 7970
- Lot Size Units: Square Feet
- Elevation Units: Feet
- Water Source: Public
Waterfront/View
- View: No
- Waterfront: No
Building Exterior/Construction
- Roof: Composition
- Structure Type: Multi Family
General Information
- Carport Spaces: 0
- Carport: No
- Covered Spaces: 0
- Exterior Features: Wood Products
- Number Of Units Total: 7
- Sewer: Sewer Connected
Unit Information
Unit 1 Details
- Actual Rent: 1190
- Beds Total: 1
- Baths Total: 1
Unit 2 Details
- Actual Rent: 1225
- Beds Total: 1
- Baths Total: 1
Unit 5 Details
- Actual Rent: 1250
- Beds Total: 1
- Baths Total: 1
Unit 7 Details
- Actual Rent: 1250
- Beds Total: 1
- Baths Total: 1
Unit 6 Details
- Actual Rent: 1275
- Beds Total: 1
- Baths Total: 1
Unit 3 Details
- Actual Rent: 1275
- Beds Total: 1
- Baths Total: 1
Unit 4 Details
- Actual Rent: 1275
- Beds Total: 1
- Baths Total: 1
7410 Rainier Avenue S Neighborhood
Community
98118 (SEATTLE) Demographics
38
Median Age
5,537
Population Density (per sq. mile)
52%
College Educated
$85,541
Estimated Median Income
10,763
Estimated Total Home Owners
7,314
Estimated Total Renters
60% / 40%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.7410 Rainier Avenue S Monthly Cost
7410 Rainier Avenue S Market Data
Based on the last 30 days in this zip code
$820,241
Average List Price
$485
Average Price per Square Foot
36
Properties Sold
66
Average Days on Market
211
Properties for Sale
7410 Rainier Avenue S History
| Date | Value | Agent |
|---|---|---|
| 6/20/2026Source: NWMLS | $1,589,000 -0.4% |
|
| 2/5/2026Source: NWMLS | $1,595,000 -0.3% |
|
| 9/12/2025Source: NWMLS | $1,599,000 -5.8% |
|
| 9/8/2025Source: NWMLS | $1,697,000 -0.1% |
|
| 7/28/2025Source: NWMLS | July 28, 2025 |
|
| 6/20/2022Source: NWMLS | June 01, 2021 |