Emma Lazo

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Listing provided courtesy of Torre RealtyNWMLSas Distributed by MLSGrid- MLS# NWM2413358MLS Provider

7410 Rainier Avenue SSeattle, WA 98118

Multi-Family · 7 Beds · 0.18 Acres
$1,589,000 Active

7410 Rainier Avenue S Overview

Visits:
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Prime 7-Unit Investment Opportunity Just 15 Minutes from Downtown Seattle. Located in a high-demand area, this fully occupied 7-unit property offers strong cash flow and excellent rental history. Zoned LR3, the site allows for a variety of redevelopment options. The next door property—also zoned LR3—is also listed for sale, creating the potential for a larger-scale development. All units have been tastefully updated, including kitchens, bathrooms, and flooring. Additional income is generated through coin-operated laundry on-site. A rare chance to invest or build in one of Seattle’s most strategic locations.

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7410 Rainier Avenue S Facts & Features

  • Type Multi-Family
  • Lot 0.18 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Seattle
  • Elementary School: Seattle Public Sch
  • Middle Or Junior School: Seattle Public Sch
  • High School: Rainier Beach High

Income/Expenses

  • Other Expense: 25449
  • Electric Expense: 1000
  • Fuel Expense: 2000
  • Gross Scheduled Income: 105947
  • Insurance Expense: 2038
  • Net Operating Income: 59188
  • Total Expenses: 46759
  • Total Monthly Income: 9040
  • Water/Sewer/Garbage: 3553

Building Information

  • New Construction: No
  • Year Built: 1955

Location/Region

  • Country: US
  • County Or Parish: King
  • MLS Area Major: 380 - Southeast Seattle
  • Subdivision Name: Rainier Valley

Community/Development

  • Amenities: Basement,Coin Op Laundry

Tax Information

  • Tax Annual Amount: $12,719.00
  • Tax Year: 2024

General Information

  • Listing Terms: Cash, Conventional, Owner Will Carry
  • Parcel Number: 2624049182
  • Possible Use: Business,Commercial,Multi-Family,Office,Residential,Retail
  • Property Condition: Good
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 0
  • Building Area Units: Square Feet
  • Calculated Square Footage: 0
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Laminate
  • Foundation Details: Poured Concrete
  • Heating: Yes
  • Leasable Area: 3958
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Stories Total: 1

Exterior

Parking Information

  • Open Parking Spaces: 7
  • Open Parking: Yes
  • Parking Uncovered Spaces: 7

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Curbs, Paved, Sidewalk
  • Lot Size Acres: 0.183
  • Lot Size Square Feet: 7970
  • Lot Size Units: Square Feet
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • View: No
  • Waterfront: No

Building Exterior/Construction

  • Roof: Composition
  • Structure Type: Multi Family

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: Wood Products
  • Number Of Units Total: 7
  • Sewer: Sewer Connected

Unit Information

Unit 1 Details

  • Actual Rent: 1190
  • Beds Total: 1
  • Baths Total: 1

Unit 2 Details

  • Actual Rent: 1225
  • Beds Total: 1
  • Baths Total: 1

Unit 5 Details

  • Actual Rent: 1250
  • Beds Total: 1
  • Baths Total: 1

Unit 7 Details

  • Actual Rent: 1250
  • Beds Total: 1
  • Baths Total: 1

Unit 6 Details

  • Actual Rent: 1275
  • Beds Total: 1
  • Baths Total: 1

Unit 3 Details

  • Actual Rent: 1275
  • Beds Total: 1
  • Baths Total: 1

Unit 4 Details

  • Actual Rent: 1275
  • Beds Total: 1
  • Baths Total: 1

7410 Rainier Avenue S Neighborhood

Community

98118 (Seattle) Demographics

38
Median Age
5,537
Population Density (per sq. mile)
52%
College Educated
$85,541
Estimated Median Income
10,763
Estimated Total Home Owners
7,314
Estimated Total Renters
60% / 40%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

7410 Rainier Avenue S Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

7410 Rainier Avenue S Market Data

Based on the last 30 days in this zip code

$820,241
Average List Price
$485
Average Price per Square Foot
36
Properties Sold
66
Average Days on Market
211
Properties for Sale
Calculations provided by Reliance Network

7410 Rainier Avenue S History

Date Event Value Agent
6/20/2026Source: NWMLS Price Reduction
$1,589,000 -0.4%
2/5/2026Source: NWMLS Price Reduction
$1,595,000 -0.3%
9/12/2025Source: NWMLS Price Reduction
$1,599,000 -5.8%
9/8/2025Source: NWMLS Price Reduction
$1,697,000 -0.1%
7/28/2025Source: NWMLS Added to Database
July 28, 2025
6/20/2022Source: NWMLS Added to Database
June 01, 2021