About this home

Turn-key 8-unit asset with strong income potential and multiple operating strategies. Property is currently configured as hotel-style studio units, each fully furnished with a full bath and kitchenette, and was previously operated as overflow lodging for a nearby hotel. Units are separately metered for electric, providing flexibility to continue as short-term or extended-stay lodging, or reposition as long-term rentals for more traditional multifamily cash flow. Strong rent-per-square-foot potential with additional value-add upside. Property features 8 ground-level parking spaces plus a second-floor storage room already plumbed for future laundry installation. First time on the market — owned by the original owner with recent roof replacement and major capital improvements already completed. Excellent access to I-5 and Hwy 99, with close proximity to downtown supporting consistent rental demand and long-term investment appeal.

Exterior features

Metal/Vinyl

Property details

Heating: Wall Furnace
Cooling: Wall Unit(s)
Flooring: Ceramic Tile, Laminate, Vinyl Plank, Carpet
View: Territorial
Lot: Curbs, Sidewalk
Water source: Public
Sewer: Sewer Connected

Costs

Annual taxes: $11,916 (2025)

Estimate your monthly payment

$7,567/mo

Principal & interest: $6,574
Property taxes: $993

Down payment (20%) $260,000 Interest rate (%) Loan term (years)

Loan amount $1,040,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Seattle, WA 98103

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Real Broker LLC— Charles Burnett.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

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