Active · Residential Income

10790 16th Avenue SW, Seattle, WA 98146

Seattle, WA 98146

$8,000,000

— bedrooms · — bathrooms · 0 sq ft

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Listing provided by Kidder Mathews · MLS #2584938 · Active

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About this property

Centerwood presents an exceptional opportunity to acquire a 36-unit multifamily community built in 2009, located in White Center within unincorporated King County. The property consists of three well-maintained buildings totaling approximately 27,890 rentable square feet, featuring an attractive all two-bedroom unit mix with 35 two-bedroom/two-bathroom units and one two-bedroom/one-bathroom unit. Each residence includes an in-unit washer and dryer, while the community offers 61 parking stalls. Quality construction features include fire sprinklers, copper supply lines, double-pane windows, and individual hot water tanks. Conveniently located near downtown White Center, Westwood Village, public transportation, and major employment centers. Centerwood offers investors a compelling opportunity with a 5.83% in-place cap rate and potential upside through operational improvements and light cosmetic renovations. Offered at $8,000,000.

Property details

Property type: Multi Family
Year built: 2009
Lot size: 37,700 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $101,950 (2026)
Parking spaces: 61
School district: Seattle

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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