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3207 Rainier Avenue S Seattle, WA $ 4,500,000
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$ 4,500,000 Get more info
3207 Rainier Avenue S
$ 4,500,000
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3207 Rainier Avenue S

Seattle, WA, 98144
$ 4,500,000
Bedrooms-- Baths--

Monthly Estimate*

$ 27,707

Listed by Realogics Sotheby's Int'l Rlty
3207 Rainier Avenue S, Seattle, WA 98144 - Image 1
3207 Rainier Avenue S, Seattle, WA 98144 - Image 2
3207 Rainier Avenue S, Seattle, WA 98144 - Image 3
3207 Rainier Avenue S, Seattle, WA 98144 - Image 4
3207 Rainier Avenue S, Seattle, WA 98144 - Image 5
3207 Rainier Avenue S, Seattle, WA 98144 - Image 6
3207 Rainier Avenue S, Seattle, WA 98144 - Image 7
3207 Rainier Avenue S, Seattle, WA 98144 - Image 8
3207 Rainier Avenue S, Seattle, WA 98144 - Image 9
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Commercial Property for sale in Seattle, WA

for $4,500,000. This building was built in 1955 on a lot size of 0.3719.

These strategically positioned parcels with leased 3384sf office building offer a unique opportunity to develop a Middle Housing, Multifamily or Mixed-use project adjacent to the Mount Baker light rail station. Combined, these fully fenced parcels total 16,200sf and are situated within the popular Mount Baker neighborhood. The impressive growth in the area is a testament to the site’s exceptional location and proximity to Seattle’s employment centers. Zoned SM-NR 95 (M), a feasibility study has been conducted by Caron Architecture envisioning the development of an 8-story building housing up to 125 multifamily units. Recent Middle Housing zone upgrades have increased the opportunity to develop affordable housing alternatives on this site also. Sale and Lease-Back terms are negotiable so don't miss this!

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Commercial Active

Price

$ 4,500,000

Property Type

Commercial

Taxes

$ 25,027

Style

Comm Bldg Und 10K

Lot Size

0.3719

Year Built

1955

Town/City

Seattle

County/Region

King

MLS | Web ID

2501253
Features
General
Living Area 0
Sewer Sewer Connected
Possession Closing Subject To Tenant Rights
Roof Flat
HOA Fee 0
Year Built 1955
Topography Level
Property Subtype Commercial Industrial
Tax Year 2025
County King
Net Operating Income 30037
Property Type Commercial Sale
HOA N
Subdivision Name Mt Baker
Possible Use Multi-Family Residential See Remarks
Special Listing Conditions None
Status Active
Directions From Downtown Seattle Head northwest toward Madison St. Take Rainier Ave S.
City Seattle
Senior Community Y/N N
Zoning Description Multi-Family Residential See Remarks
Number Of Units Total 1
MLS Area 380 - Southeast Seattle
Lot Size Units Square Feet
Lot Size Square Feet 16200
Carport Y/N N
Listing Terms Cash
Tax Annual Amount 25027
Property Condition Good
Public Remarks These strategically positioned parcels with leased 3384sf office building offer a unique opportunity to develop a Middle Housing Multifamily or Mixed-use project adjacent to the Mount Baker light rai
Virtual Tour https://drive.google.com/file/d/1FSLBUEXaEPeI4Klz1rtqx4thbvHRLIEC/view
Structure Type Unspecified
Building Area Units Square Feet
Standard Status Active
Water Company City of Seattle
Property Style 60 - Comm Bldg Und 10K
Cap Rate 6.67
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Exterior
Exterior Amenities Brick
Water Source Public
Total Parking 32
Building Area Total 0
Lot Dimensions Rectangular
Lot Size Acres 0.3719
Irrigation Water Rights Y/N N
Parking Uncovered Total 32
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Interior
Total Fireplaces 0
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2501253
Street Number 1 3207
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* Excluded Features
List By
Keith McKinney

Listing Agent

Realogics Sotheby's Int'l Rlty

Broker

Affordability Calculator

$29,793
Per Month
93%
7%
0%
Monthly Principal & Interest
$27,707
Monthly Property Taxes
$2,086
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
258624 Elementary School
258775 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
4/13/2026$4,500,000 Listed Price

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3207 Rainier Avenue S, Seattle, WA, 98144 is a Commercial Property for sale at $4,500,000 with a lot size of 0.3719. 3207 Rainier Avenue S was built in 1955. The property's zip code is 98144 which is in Seattle, WA

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