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Listed by:COMPASS • Connie Sorensen

$1,295,000

Est. payment - /mo

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10 Beds

5 Baths

4,160 SqFt

Open Thu 12PM-2PM

17416 97th AVE SW Vashon, WA 98070

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Ryan Born

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

Open House

Thu Sep 24, 12:00pm - 2:00pm

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,160 sqft

Price per Sqft $311

Subdivision In Town

MLS Listing ID 2583315

Style 55 - 5-9 Units

Bedrooms 10

Year Built 1957

Annual Tax Amount $12,001

Lot Size 0.750 Acres

Lot Dimensions 171 'X 169'

Property Sub-Type Multi Family

Property Description

Rare Vashon investment and development opportunity! This established 5-unit multifamily property offers immediate income with future upside. The versatile mix includes a studio, two 2BR/1BA and two 3BR/1BA apartments with a history of strong occupancy. Current rents have intentionally been maintained below estimated fair-market levels, offering potential for increased rental income over time. Most units include a private washer & dryer and four units include fireplaces. The building has a newly installed roof, a significant infrastructure upgrade. The .75-acre R12-zoned parcel includes 6 water shares—an exceptional asset for future possibilities. Even more compelling, two contiguous R12SO-zoned parcels are also available, together offering 6 additional water shares. Acquisition of all three properties creates a rare assemblage opportunity with 12 total water shares, existing multifamily income and significant potential for a larger development vision. Explore the possibilities while benefiting from income already in place. Buyer to verify zoning, water availability, development potential and all intended uses. Please respect tenant privacy; no interior access without confirmed appointment.

Location

State WA

County King

Area 800 - Vashon Island

Interior

Flooring Laminate, Vinyl Plank, Carpet

Fireplace false

Exterior

Exterior Feature Wood

Amenities Available Cable TV, Fenced-Partially, Gas Available, High Speed Internet, Outbuildings

View Y/N No

Roof Type Composition

Building

Lot Description Dead End Street

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Chautauqua Elem

Middle Schools Mcmurray Mid

High Schools Vashon Isl High

School District Vashon Island

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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

Mortgage Calculator

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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

Shopping

Recreation

Arts & Entertainment

Food

Beauty

Nightlife

Event Planning & Services

Automotive

Religious Organizations

Financial Services

Professional Services

Travel

Pets

Local Media

Education

Public Services & Government

Snapdragon

17817 Vashon Hwy SW, Vashon, WA 98070

Bakeries Phone: 206-463-1310
LaPlaya Mexican Restaurant

10824 Vashon Hwy SW, Vashon, WA 98070

Mexican Phone: 206-567-0020
Zamorana

17722 Vashon Hwy SW, Vashon, WA 98070

Mexican Phone: 206-356-5684
Casa Bonita

17623 100th Ave SW, Vashon, WA 98070

Mexican Phone: 206-463-6452
Red Bicycle Bistro & Sushi

17618 Vashon Hwy SW, Vashon, WA 98070

American (New) Phone: 206-463-5959
May Kitchen & Bar

17614 Vashon Hwy SW, Vashon, WA 98070

Thai Phone: 206-408-7196
Vashon Pizza

17639 100th Ave SW, Vashon, WA 98070

Pizza Phone: 206-567-4992
Rock Island Pub & Pizza

17322 Vashon Hwy, Vashon, WA 98013

Pizza Phone: 206-463-6813
Rock Island Pub & Pizza

17322 Vashon Hwy SW, Vashon, WA 98070

Pizza Phone: 206-463-6814
Sportsman’s Inn Pub & Eatery

17611 Vashon Hwy SW, Vashon, WA 98070

Pubs Phone: 206-463-0940
Saucy Sisters Brick Oven Pizzeria

17636 Vashon Hwy SW, Vashon, WA 98070

Pizza Phone: 206-463-7743
Zombiez

17705 Vashon Hwy, Vashon, WA 98070

Burgers Phone: 206-463-7777
The Vashon Island Coffee Roasterie

19529 Vashon Hwy SW, Vashon, WA 98070

Sandwiches Phone: 206-463-9800
Bishops Pub & Grill

17618 SW Vashon Hwy, Vashon, WA 98070

Phone: 206-463-5950
Tatanka Take Out

17722 Vashon Hwy SW, Vashon, WA 98070

Phone: 206-463-0880
Burger Monique

9929 SW Bank Rd Ste Ste 101, Vashon, WA 98070

Burgers Phone: 206-463-1730
Subway

17408 Vashon Hwy SW, Vashon, WA 98070

Fast Food Phone: 206-463-4800
Perry’s Vashon Burgers

17804 Vashon Hwy SW, Vashon, WA 98070

Burgers Phone: 206-463-4911
M O M S Deli & Grocery

19124 Vashon Hwy SW, Vashon, WA 98070

Delis Phone: 206-463-5990
Green Ginger Chinese Cuisine

9851 SW Bank Rd, Vashon, WA 98070

Chinese Phone: 206-463-7788
Patty’s Tamales

9923 SW 178th St, Vashon, WA 98070

Food Stands Phone: 206-249-3152
The Hardware Store

17601 Vashon Hwy SW, Vashon, WA 98070

Gluten-Free Phone: 206-463-1800
Pure Organic Cafe & Juicery

9925 SW Bank Rd, Vashon, WA 98070

Gluten-Free Phone: 206-259-3179
Shins Subs

17408 Vashon Hwy SW, Vashon, WA 98070

Sandwiches Phone: 206-463-4800

Educational Environment

Elementary Schools (3)Middle Schools (1)

Name

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