RealtyLens
for saleRealtyLens property overview
$895,000

4207 S Bateman St

Seattle, WA, 98118
View more Seattle, WA property pages
5Beds
N/ABaths
2,740Sqft
$327$/sqft

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

Below nearby median-34%

$327/sqft vs a nearby median of $497/sqft.

Nearby median$497/sqft
Nearby properties8
Property size2,740 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

Yardstick fair value$1.34M$1.22M$1.46M · 50% confidence
vs ask $895k−$447k (−49.9%)

Asking price is about 49.9% below the fair value — likely to draw competing offers if it's still on market.

$497/sqft median across 7 tight comps × 2,740 sqft= $1.36M
  • Sparse street life−$20k −1.5%
Cumulative NYC adjustments−$20k−1.5%

Property Read

FreshnessCurrent market data

The listing facts are current enough for an initial property review.

Market Position-34% vs nearby

The asking price per square foot is below the nearby median, which can be worth a closer comp check.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read3 items to check
AI ReadinessReady to analyze
Assistant read

Generate a buyer-agent read of this listing — pricing, risks, comp check, and negotiation leverage. Takes a few seconds.

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

Features & Amenities

Outdoor SpaceEnergy EfficientHardwood FloorsRv Or Boat ParkingViewRental PropertyParkMaintenance

Photos

Price History

May 11, 2026Initial record
$895,000for sale

You can also find this listing on Realtor.com.

Listing data sourced from realtor.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.

4207 S Bateman St, Seattle, WA, 98118 | RealtyLens