4207 S Bateman Street, Seattle, WA 98118 (MLS # 2521049)
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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.
| LAST UPDATED | 5/11/2026 | TRACT | Brighton |
|---|---|---|---|
| YEAR BUILT | 1952 | COMMUNITY | Brighton |
| COUNTY | King | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | M L King Elem |
|---|---|
| Jr. High School | Aki Kurose |
| High School | Cleveland High |
| ADDITIONAL DETAILS | |
| AIR | Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 380 - Southeast Seattle |
| CONSTRUCTION | Brick, Wood Siding |
| HEAT | Baseboard, Electric, Natural Gas, Radiant |
| LOT | 5249 sq ft |
| LOT DESCRIPTION | Alley, Paved, Sidewalk |
| LOT DIMENSIONS | 5250 |
| MLS STATUS | Active |
| PARKING | RV Access/Parking |
| STORIES | 2 |
| STYLE | 53 - Tri-plex |
| SUBDIVISION | Brighton |
| TAXES | 8842 |
| UTILITIES | Cable Available, Sewer Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Territorial |
| WATER | Public |
| ZONING | Residential |
| SATELLITE VIEW |
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Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 5/12/26 7:42 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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