$5,800,000
Est. $29,849/mo4803 S Henderson Street, Seattle, WA 98118
• Listed 2026-08-03•9 days on market
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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
Listed by Nick Hemming • Paragon Real Estate Advisors
Listing updated: August 4, 2026 at 05:01pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2563789
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4803 S Henderson 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 14 days.
$485,000 Sold
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8%
Under list
—
Days on market
0.8 mi
Distance
$460,000 Sold
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Under list
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Days on market
0.8 mi
Distance
$960,000 Sold
2 months ago
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2%
Under list
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Days on market
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Distance
$5,000 Sold
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Under list
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Days on market
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Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
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Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Aug 2026
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