4803 S Henderson Street Seattle, WA $ 5,800,000
4803 S Henderson Street
$ 5,800,000
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4803 S Henderson Street

Seattle, WA, 98118
$ 5,800,000
Bedrooms45 Baths39.0 Sq 25,104

Monthly Estimate*

$ 36,622

Listed by Paragon Real Estate Advisors
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Multi-Family Home for sale in Seattle, WA

for $5,800,000 with 45 bedrooms and 39 full baths. This 25,104 square foot home was built in 1962 on a lot size of 0.7576.

Seller Financing available! The Henderson Arms Apartments, a 39 unit value add opportunity in Seattle’s Rainier Beach neighborhood. The property features 33 one bedroom and 6 two bedroom units with a mix of updated and classic interiors, providing strong in place income and additional upside through renovations. Amenities include private balconies, secured entry, off street parking, common laundry, and ample storage. A largely unutilized full height basement also offers potential for additional units and future income. The property is conveniently located near light rail, major transit routes, neighborhood amenities, and employment centers throughout Seattle.

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Multi-Family Active

Price

$ 5,800,000

Bedrooms

45

Full Bath

39

Property Type

Multi-Family

Taxes

$ 89,417

Style

10+ Units

Lot Size

0.7576

Year Built

1962

Town/City

Seattle

County/Region

King

MLS | Web ID

2563789

Features
General
Living Area 0
Sewer Available
Heating Wall Furnace
Cooling None
Possession Closing Subject To Tenant Rights
Roof Flat
HOA Fee 0
Garage Spaces 0
Year Built 1962
Property Subtype Multi Family
Tax Year 2026
County King
Net Operating Income 262166
Insurance Expense 41038
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Rainier Beach
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions Start on I-5 S towards Portland. Take exit 158. Turn left onto S Boeing Access Rd. Turn left onto MLK Jr Way S. Turn right onto S Henderson St. Destination will be on the right.
City Seattle
Senior Community Y/N N
High School District Seattle
Zoning Description Multi-Family
Number Of Units Total 39
MLS Area 380 - Southeast Seattle
Lot Size Units Square Feet
Lot Size Square Feet 33000
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional Owner Will Carry
Tax Annual Amount 89417
Electric Expense 0
Fuel Expense 0
Public Remarks Seller Financing available! The Henderson Arms Apartments a 39 unit value add opportunity in Seattles Rainier Beach neighborhood. The property features 33 one bedroom and 6 two bedroom units with a m
Leasable Area 25104
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Units Below Grade false
Units In Building Total 39
Water Sewer Garbage 72144
Property Style 56 - 10+ Units
Cap Rate 4.52
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Exterior
Exterior Amenities Brick
Water Source Public
Total Parking 39
Foundation Details Poured Concrete
Building Area Total 25104
Lot Size Acres 0.7576
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Parking Uncovered Total 39
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Interior
Flooring Laminate
Total Fireplaces 0
Total Stories 4
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2563789
Street Number 1 4803
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* Excluded Features
List By
Nick Hemming

Listing Agent

Paragon Real Estate Advisors

Broker

nhemming@paragonrea.com

Email

Affordability Calculator

$44,073
Per Month
83%
17%
0%
Monthly Principal & Interest
$36,622
Monthly Property Taxes
$7,451
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
257829 Elementary School
258279 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/3/2026$5,800,000 Listed Price

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4803 S Henderson Street, Seattle, WA, 98118 is a Multi-Family Home for sale at $5,800,000 with 25,104 sqft and a lot size of 0.7576. 4803 S Henderson Street has 45 bedrooms, 39.0 baths, and was built in 1962. The property's zip code is 98118 which is in Seattle, WA