The listing facts are current enough for an initial property review.
4207 S Bateman St
Listing Notes
Fully occupied, income-producing Seattle triplex delivering immediate cash flow with stable rents already in place and a clear path to higher returns. This well-maintained asset features one-year leases with reliable tenants, providing predictable in-place income and stable occupancy from day one. A future utility restructuring creates a realistic opportunity to improve operations and increase returns, with the property currently operating at a 4.35% cap rate and the potential to reach an estimated 6.63% pro forma cap rate at the current list price. Ask for the Investment Snapshot. Ideally located in the desirable Rainier Valley corridor between Hillman City and Brighton, the property offers quick access to Rainier Ave S, I-5, I-90, public transit, cafes, parks, schools, and major employment centers. This turnkey investment is ideal for local, out-of-area, or 1031 exchange buyers seeking a well-leased Seattle multifamily asset with immediate revenue, long-term appreciation potential, and a visible NOI growth strategy. Buyer to comply with all Washington and Seattle tenant-protection laws and honor existing leases. Financials, rent roll, and maintenance history available upon request.
Market Insights
$327/sqft vs a nearby median of $497/sqft.
- -34% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 2,740 sqft creates a usable price-per-square-foot read.
Pricing Read
Asking price is about 49.9% below the fair value — likely to draw competing offers if it's still on market.
- Sparse street life−$20k −1.5%
Property Read
The asking price per square foot is below the nearby median, which can be worth a closer comp check.
Price history is still limited; review again as more market activity becomes available.
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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.
Listing Details
- Days on market
- 2 days
- Last price change
- No change recorded
- Listed
- May 11, 2026
- Photos
- 26 photos
- Property type
- multi family
- Status
- for sale
- Last sold
- Mar 15, 2005 · $360,000