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Listing Firm: Skyline Properties, Inc.: Lindsey Mai

Active
NWMLS # 2373665
  • - Beds
  • - Baths
  • 3740 Sq.ft.

8322 Wabash Avenue S, Seattle, WA 98118

Listings with the three tree icon are courtesy of NWMLS

About This Property

Newly remodeled 4-plex features major upgrades including a new roof, updated electrical and plumbing systems, and in-unit washer and dryer in each unit. 3 units have been tastefully renovated, while 1 unit remains in its original condition. Over $350,000 in recent upgrades ensure a low-maintenance investment, while the property brings in strong rental income at ~ $9,500/month with 7.8% cap rate. Zoned LR2(M) on a large lot, ideal for future development. Blocks from the Seattle Public Library, Rainier Beach, light rail, grocery stores, and restaurants. Perfect for investors or owner-occupants—live in one unit and let the others pay your mortgage.

Aris360 Last Checked: 2 Minutes Ago (May 24, 2025 03:06 AM)

  • Source: NWMLS as Distributed by MLS Grid #2373665

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: Wabash
  • Zip/Postal Code: 98118
  • City: Seattle

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$3,847 per month
Principal & Interest
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Property Taxes

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Loan Detail

Interest Rate

According to icanbuy, the average interest rate for a 30-year fixed loan in 98102 is 7.009%. Compare current rates

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Property Features

  • County
    • Seattle
  • Community
    • 380 - Southeast Seattle
  • MLS Area
    • 380 - Southeast Seattle
  • Longitude
    • -122.268846
  • Latitude
    • 47.529002
  • Directions
    • From Exit 157 - Follow signs for MLK Way. Merge onto MLK Way S. Turn right onto Cloverdale St. Turn left onto WabashAve S. Destination is on the right.

  • Interior
    • Ceramic Tile
    • Laminate
  • Floors
    • Ceramic Tile
    • Laminate
  • Power Production Type
    • Electric

  • Stories
    • 2
  • Style
    • 54 - 4-Plex
  • Parking Spaces
    • 4
  • Lot Description
    • Alley,
    • Curbs,
    • Paved,
    • Sidewalk,
  • Foundation
    • Poured Concrete,
  • Elevation
    • Feet
  • Water Source
    • Public,
  • Exterior
    • Brick
    • Wood
  • Roof
    • Composition,
  • Septic or Sewer
    • Sewer Connected,
  • Water
    • Public
  • Building Total Area (Sq. Ft.)
    • 6000

  • High School District
    • Seattle

  • Possession
    • Closing,
    • Subject to Tenant Rights,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi Family
  • Tax Year
    • 2024
  • Structure Type
    • Condominium,
  • Tax Amount
    • $8323
  • Year Built
    • 1958
  • Effective Year Built
    • 2025
  • Status
    • Active

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Disclaimer: Based on information submitted to the MLS GRID as of Sat May 24 2025 . 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.

May 24, 2025 03:06 AM