4803 S Henderson Street, Seattle, WA 98118

Property Description

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

Listing Status:

Active

Data Last Updated:

August 13, 2026 at 1:19AM

Listing Office:

Paragon Real Estate Advisors : 206-623-8880

Listing Agent:

Nick Hemming : 206-623-8880

MLS ID:

2563789

Interior

• Flooring: Laminate
• A/C: None
• Heating: Wall Furnace
• Fireplace: Fireplaces: 0

Exterior

• General: Brick
• Parking: Parking spaces: 39

Construction

• Roofing: Flat
• General: 56 - 10+ UnitsPoured Concrete

Location

• HOA Amenities: 0.0
• Originating MLS: nwmls
• School District: Seattle
• County: King

Lot

• Zoning: 2123700355

Utilities

• Water: Public
• Sewer: Available

Financial

• Source: nwmls