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About the Listing 7086 - 104944
Henderson Arms Apartments, a value-add multifamily property located in the Rainier Beach neighborhood of Seattle’s Rainier Valley submarket. The property presents a compelling opportunity for investors seeking stable in-place income, value-add upside, and long-term ownership in a high demand and supply-constrained rental corridor. Henderson Arms Apartments is comprised of a desirable mix of 33-1bed/1bath and 6-2bed/1bth units. The units consist of a blend of updated and classic finishes, offering immediate rental appeal with clear upside through strategic renovations. Building features include double-pane windows, secured entry, private balconies, ample storage and common-area laundry facilities. The property also presents the potential for additional unit development with a largely unutilized full height basement, providing an attractive path to increase density and future income. Off-street parking and a well-maintained residential setting further enhance tenant appeal and retention. Situated in a strong Seattle rental market, Henderson Arms benefits from convenient access to major transit routes, neighborhood retail, parks, and employment centers throughout Downtown Seattle, Columbia City, and the broader I-5 corridor. The surrounding area continues to experience steady renter demand driven by affordability constraints and proximity to regional job hubs
Listing Highlights
Interior Details
- Bedrooms: 45
- Bathrooms: 39 Full
- Appliances:
- Air Cond:
- Heating: Wall Furnace
- Fireplaces: 0
- Floor: Laminate
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Zoning: Multi-Family
- Garage Capacity: N/A
- Parking Spaces: 39
- Zoning: Multi-Family
- Roof: Flat
- Others: Brick
- Sewer: Available
Financial Details
- Tax Amount: $89,417
- Taxes w/Assessments: N/A
- Tax/Property ID: 2123700355
- Tax Year: 2026
Payment Calculator
Monthly Payment
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- in Taxes
Questions About..
4803 S Henderson St Seattle, WA 98118
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