10443 17 Avenue SW, Seattle, WA 98146

Property Description

Exceptional opportunity to acquire a fully renovated, income-producing 4-plex in Seattle’s highly competitive 98146 rental corridor. Priced aggressively under $1M, this stabilized multifamily asset is expected to generate **strong immediate interest and multiple offers** due to its turnkey condition, income stability, and limited availability of similar assets in this price range. Comprehensively renovated in 2025, the property features four well-designed 2BD/1BA units, each offering strong tenant appeal, in-unit washer/dryer, private outdoor space (decks/patios/yards), and reserved parking. All units are occupied by stable long-term tenants at $1,800/month, producing $86,400 in annual gross income with a NOI of approximately $68,354, reflecting a 6.84% cap rate with clear upside potential. Market rents in the area continue trending toward $1,950+/month, providing immediate and achievable rent-growth upside without additional capital improvements. The property benefits from consistent rental demand driven by proximity to employment centers, transit access, neighborhood amenities. The 98146 corridor continues to experience strong investor demand due to limited inventory of renovated small multifamily assets. This is a **true turnkey, low-maintenance investment** ideal for buy-and-hold investors, house hackers, and 1031 exchange buyers seeking immediate deployment of capital in a stabilized asset with upside. Financials, rent roll, and expense breakdown available upon request.

Listing Status:

Active

Data Last Updated:

May 2, 2026 at 9:21PM

Listing Office:

AgencyOne : 425-772-7500

Listing Agent:

Deep Paknikar : 425-772-7500

MLS ID:

2502279

Interior

• A/C: None
• Heating: Forced Air
• Fireplace: Fireplaces: 0

Exterior

• General: Cement Planked
• Parking: Parking spaces: 12

Construction

• Roofing: Composition
• General: 54 - 4-Plex

Location

• HOA Amenities: 11.0Monthly
• Originating MLS: nwmls
• School District: Highland
• County: King

Lot

• Zoning: 2352950000

Utilities

• Sewer: Sewer Connected

Financial

• Source: nwmls