About this home

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.

Exterior features

Brick

Property details

Heating: Wall Furnace
Cooling: None
Flooring: Laminate
Water source: Public
Sewer: Available

Costs

Annual taxes: $89,417 (2026)

Estimate your monthly payment

$36,779/mo

Principal & interest: $29,328
Property taxes: $7,451

Down payment (20%) $1,160,000 Interest rate (%) Loan term (years)

Loan amount $4,640,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Seattle, WA 98118

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Paragon Real Estate Advisors— Nick Hemming.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

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