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Listed by:Paragon Real Estate Advisors • Nick Hemming

$5,800,000

Est. payment - /mo

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45 Beds

39 Baths

25,104 SqFt

New

4803 S Henderson ST Seattle, WA 98118

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Ryan Born

ryan@born-realty.com +1(206) 498-0342

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 25,104 sqft

Price per Sqft $231

Subdivision Rainier Beach

MLS Listing ID 2563789

Style 56 - 10+ Units

Bedrooms 45

Year Built 1962

Annual Tax Amount $89,417

Lot Size 0.758 Acres

Property Sub-Type Multi Family

Property Description

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

Location

State WA

County King

Area 380 - Southeast Seattle

Interior

Flooring Laminate

Fireplace false

Exterior

Exterior Feature Brick

View Y/N No

Roof Type Flat

Building

Sewer Available

Water Public

New Construction No

Schools

School District Seattle

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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Breakdown

Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.

Amenities & Attractions

Restaurants

Home Services

Health & Medical

Local Services

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Arts & Entertainment

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Beauty

Nightlife

Event Planning & Services

Automotive

Religious Organizations

Financial Services

Professional Services

Education

Local Media

Drae’s Lake Route

9261 57th Ave S, Seattle, WA 98118

Chicken Wings Phone: 206-722-9464
Subway

9305 Rainier Ave S, Seattle, WA 98118

Fast Food Phone: 206-722-0686
Souvanny’s Tavern

9501 Rainier Ave S, Seattle, WA 98118

American (Traditional) Phone: 206-760-2263
The Stone House Café

9701 Rainier Ave S, Seattle, WA 98118

Wine Bars Phone: 206-397-4102
Jude’s Old Town

9252 57th Ave S, Seattle, WA 98118

Phone: 206-353-0773
Redwing Cafe

9272 57th Ave S, Seattle, WA 98118

Cafes Phone: 206-420-1706
The Jones Payne Group

9640 Martin Luther, Seattle, WA 98101

Delis Phone: 206-721-0061
KFC

9401 Rainier Ave. S, Seattle, WA 98118

Chicken Wings Phone: 206-725-7177
Taco Bell

9401 Rainier Ave. S, Seattle, WA 98118

Fast Food Phone: 206-725-7177
Pizzeria Pulcinella

10003 Rainier Ave S, Seattle, WA 98178

Pizza Phone: 206-772-6861
Giorgina’s Mediterranean Kitchen

9435 Rainier Ave S, Seattle, WA 98118

Pizza Phone: 206-723-9955
Mayas Restaurant

9447 Rainier Ave S, Seattle, WA 98118

Vegan Phone: 206-725-5510

Educational Environment

Elementary Schools (2)Middle Schools (1)

Name

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