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, cafés, 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.
Active
Listed by: eXp Realty
$895,000
4207 S Bateman Street, Seattle, WA 98118
5beds
4baths
2,740sqft
Triplex
Built in 1952
-- sqft lot
$862,600 Zestimate®
$327/sqft
$-- HOA
What's special
- 47 days |
- 379 |
- 12 |
Zillow last checked:
Listing updated:
Listed by:
Velia M Sierra,
eXp Realty
Source: NWMLS as distributed by MLS GRID,MLS#: 2521049
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
Heating
- Baseboard, Radiant, Radiator, Electric, Natural Gas
Cooling
- Window Unit(s)
Features
- Flooring: Ceramic Tile, Hardwood
- Windows: Thermal Windows
- Has fireplace: No
Interior area
- Total structure area: 2,740
- Total interior livable area: 2,740 sqft
Video & virtual tour
Property
Parking
- Total spaces: 6
- Parking features: RV Parking
- Uncovered spaces: 6
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 5,248 Square Feet
- Dimensions: 5250
- Features: Paved, Sidewalk, Cable TV, Fenced-Partially, Gas Available, Outbuildings, Patio, RV Parking
Details
- Parcel number: 8113100660
- Zoning description: Residential
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Tri-plex
- Property subtype: Triplex
Materials
- Brick, Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Very Good
- Year built: 1952
- Major remodel year: 1952
Utilities & green energy
- Electric: Company: Seattle City Light
- Sewer: Sewer Connected, Company: SPU
- Water: Public, Company: SPU
Green energy
- Energy efficient items: Thermal Windows
Community & HOA
Community
- Subdivision: Brighton
Location
- Region: Seattle
Financial & listing details
- Price per square foot: $327/sqft
- Tax assessed value: $880,000
- Annual tax amount: $8,842
- Date on market: 5/11/2026
- Cumulative days on market: 47 days
- Listing terms: Conventional
Estimated market value
$862,600
$819,000 - $906,000
$2,719/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/11/2026 | Listed for sale | $895,000+148.6%$327/sqft |
Source:  NWMLS as distributed by MLS GRID #2521049 Report a problem | ||
| 3/15/2005 | Sold | $360,000+118.2%$131/sqft |
Source: Public Record Report a problem | ||
| 2/11/2000 | Sold | $165,000$60/sqft |
Source: NWMLS as distributed by MLS GRID #20005105 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,751 +10.3% | $880,000 +2.9% |
| 2024 | $8,842 +8.7% | $855,000 +7% |
| 2023 | $8,134 +2.8% | $799,000 -8.2% |
| 2022 | $7,911 +6.2% | $870,000 +15.5% |
| 2021 | $7,449 +7.9% | $753,000 +13.9% |
| 2020 | $6,903 +0.1% | $661,000 -1.6% |
| 2019 | $6,899 +17.5% | $672,000 +6.5% |
| 2018 | $5,872 -2.5% | $631,000 +11.3% |
| 2017 | $6,025 +54.9% | $567,000 +23.8% |
| 2016 | $3,891 | $458,000 +11.4% |
| 2015 | $3,891 | $411,000 +11.1% |
| 2014 | $3,891 | $370,000 +34.5% |
| 2013 | $3,891 | $275,000 |
| 2012 | -- | $275,000 -9.5% |
| 2011 | -- | $304,000 +3.8% |
| 2010 | -- | $293,000 |
| 2009 | -- | $293,000 +11.8% |
| 2007 | -- | $262,000 +8.3% |
| 2006 | -- | $242,000 +6.1% |
| 2005 | -- | $228,000 +15.2% |
| 2001 | $2,372 +8.6% | $198,000 +14.5% |
| 2000 | $2,184 | $173,000 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Hillman City
Nearby schools
GreatSchools rating
- 4/10Martin Luther King Jr. Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 7/10Aki Kurose Middle SchoolGrades: 6-8Distance: 0.1 mi
- 7/10Cleveland High SchoolGrades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- Elementary: M L King Elem
- Middle: Aki Kurose
- High: Cleveland High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Washington
- King County
- Seattle
- 98118
- Hillman City
- 4207 S Bateman Street
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