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House
·
for sale
USD 990,000
USD 318/sq.ft
1044 th Ave SW, Seattle, WA 98146 | MLS #2502
Manchester, Port Orchard CCD Kitsap County Washington
· 3,111 sq.ft · 7 Bedrooms · 4 Baths · House
· Parking
Manchester, Port Orchard CCD Kitsap County Washington · 3,111 sq.ft · 7 Bedrooms · 4 Baths · House · Parking
Exceptional opportunity to acquire a fully renovated, income-producing 4-plex in Seattle’s highly competitive 98146 rental corridor. Priced aggressively under $1M, this stabilized multifamily asset is expected to generate strong immediate interest and multiple offers due to its turnkey condition, income stability, and limited availability of similar assets in this price range. Comprehensively renovated in 2025, the property features four well-designed 2BDu002F1BA units, each offering strong tenant appeal, in-unit washeru002Fdryer, private outdoor space (decksu002Fpatiosu002Fyards), and reserved parking. All units are occupied by stable long-term tenants at $1,800u002Fmonth, producing $86,400 in annual gross income with a NOI of approximately $68,354, reflecting a 6.84% cap rate with clear upside potential. Market rents in the area continue trending toward $1,950+u002Fmonth, providing immediate and achievable rent-growth upside without additional capital improvements. The property benef
Exceptional opportunity to acquire a fully renovated, income-producing 4-plex in Seattle’s highly competitive 98146 rental corridor. Priced aggressively under $1M, this stabilized multifamily asset is expected to generate strong immediate interest and multiple offers due to its turnkey condition, income stability, and limited availability of similar assets in this price range. Comprehensively renovated in 2025, the property features four well-designed 2BDu002F1BA units, each offering strong tenant appeal, in-unit washeru002Fdryer, private outdoor space (decksu002Fpatiosu002Fyards), and reserved parking. All units are occupied by stable long-term tenants at $1,800u002Fmonth, producing $86,400 in annual gross income with a NOI of approximately $68,354, reflecting a 6.84% cap rate with clear upside potential. Market rents in the area continue trending toward $1,950+u002Fmonth, providing immediate and achievable rent-growth upside without additional capital improvements. The property benef
USD 990,000