Address
17416 97th Avenue Sw, Vashon, WA
Price
$ 1,295,000
Property Attributes
- ID#2583315
- TypeMulti-Family
- CountyKING
- CityVashon
- AreaVashon Island
- NeighborhoodIn Town
- Zip98070
- Style5-9 Units
- Year Built1957
- Taxes$ 12001
- Price$ 1,295,000
- Bedrooms10
- Full Bathrooms5
- Half Bathrooms0
- Sqr Footage4160
- Lot Size0.7502 Acres
Data Source:
Northwest Multiple Listing Service (NWMLS)
Property Description
Rare Vashon investment and development opportunity! This established 5-unit multifamily property offers immediate income with future upside. The versatile mix includes a studio, two 2BR/1BA and two 3BR/1BA apartments with a history of strong occupancy. Current rents have intentionally been maintained below estimated fair-market levels, offering potential for increased rental income over time. Most units include a private washer & dryer and four units include fireplaces. The building has a newly installed roof, a significant infrastructure upgrade. The .75-acre R12-zoned parcel includes 6 water shares—an exceptional asset for future possibilities. Even more compelling, two contiguous R12SO-zoned parcels are also available, together offering 6 additional water shares. Acquisition of all three properties creates a rare assemblage opportunity with 12 total water shares, existing multifamily income and significant potential for a larger development vision. Explore the possibilities while benefiting from income already in place. Buyer to verify zoning, water availability, development potential and all intended uses. Please respect tenant privacy; no interior access without confirmed appointment.
| Elementary School | Middle School | High School |
|---|---|---|
| Chautauqua Elem | Mcmurray Mid | Vashon Isl High |
| Price History | |
|---|---|
| 9/16/2026 | Listed $1,295,000 |
General Features
| Sewer | Sewer Connected |
|---|---|
| Heating | Baseboard,Wall Furnace |
| Cooling | None |
| Possession | Closing,Subject To Tenant Rights |
| Roof | Composition |
| Security Features | Partially Fenced |
| Year Built | 1957 |
| Property Subtype | Multi Family |
| Tax Year | 2025 |
| County | King |
| Net Operating Income | 74828 |
| Insurance Expense | 2000 |
| New Construction | No |
| Property Type | Residential Income |
| HOA | No |
| Energy Efficient | Thermal Windows |
| Subdivision Name | In Town |
| Possible Use | Multi-Family |
| Special Listing Conditions | None |
| Status | Active |
| Directions | GPS Friendly. |
| High School | Vashon Isl High |
| City | Vashon |
| Senior Community Y/N | No |
| High School District | Vashon Island |
| Zoning Description | Multi-Family |
| Number Of Units Total | 5 |
| MLS Area | 800 - Vashon Island |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 32678 |
| Carport Y/N | No |
| Listing Terms | Cash,Conventional |
| Elementary School | Chautauqua Elem |
| Tax Annual Amount | 12001 |
| Electric Expense | 100 |
| Fuel Expense | 100 |
| Middle/Junior High School | Mcmurray Mid |
| Property Condition | Good |
| Public Remarks | Rare Vashon investment and development opportunity! This established 5-unit multifamily property offers immediate income with future upside. The versatile mix includes a studio,two 2BR/1BA and two 3B |
| Leasable Area | 4160 |
| Structure Type | Multi Family |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Amenities | Thermal Windows |
| Water Company | KC Dist 19 |
| Units Below Grade | false |
| Units In Building Total | 5 |
| Water Sewer Garbage | 11900 |
| Property Style | 55 - 5-9 Units |
| Cap Rate | 5.78 |
| NWM_ShowMapLink | Yes |
Interior Features
| Flooring | Laminate,Vinyl Plank,Carpet |
|---|---|
| Total Stories | 2 |
| Air Conditioning Y/N | No |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Power Production Type | Electric,Natural Gas |
Exterior Features
| Exterior Amenities | Wood |
|---|---|
| Lot Features | Dead End Street |
| Water Source | Public |
| Total Parking | 7 |
| Foundation Details | Slab |
| Building Area Total | 4160 |
| Lot Dimensions | 171 'X 169' |
| Lot Size Acres | 0.7502 |
| Waterfront Y/N | No |
| Irrigation Water Rights Y/N | No |
| Site Features | Cable TV,Fenced-Partially,Gas Available,High Speed Internet,Outbuildings |
| Parking Uncovered Total | 7 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 98070
Price
Taxes
Year Built
Visits
