$895,000
Est. $4,516/mo4207 S Bateman Street, Seattle, WA 98118
• Listed 2026-05-11•17 days on market
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Based on information submitted to the MLS GRID as of May 22, 2026 at 08:33am (date and time MLS GRID Data was obtained). 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.
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Fully occupied, income-producing Seattle triplex delivering immediate cash flow with stable rents already in place and a clear path to higher returns. This well-maintained asset features one-year leases with reliable tenants, providing predictable in-place income and stable occupancy from day one. A future utility restructuring creates a realistic opportunity to improve operations and increase returns, with the property currently operating at a 4.35% cap rate and the potential to reach an estimated 6.63% pro forma cap rate at the current list price. Ask for the Investment Snapshot. Ideally located in the desirable Rainier Valley corridor between Hillman City and Brighton, the property offers quick access to Rainier Ave S, I-5, I-90, public transit, cafés, parks, schools, and major employment centers. This turnkey investment is ideal for local, out-of-area, or 1031 exchange buyers seeking a well-leased Seattle multifamily asset with immediate revenue, long-term appreciation potential, and a visible NOI growth strategy. Buyer to comply with all Washington and Seattle tenant-protection laws and honor existing leases. Financials, rent roll, and maintenance history available upon request.
Listed by Velia M Sierra • eXp Realty
Listing updated: May 22, 2026 at 08:33am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2521049
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4207 S Bateman Street, Seattle, WA 98118
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Seattle is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 12 days.
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Under list
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Days on market
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Distance
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Under list
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Days on market
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Distance
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4 months ago
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0%
Over list
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Days on market
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Distance
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4 months ago
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4%
Under list
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Days on market
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Distance
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0%
Over list
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Days on market
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Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jun 2026
Seattle School District
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
