4526 S Henderson Street, Seattle, WA 98118

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4526 S Henderson Street, Seattle, WA 98118

$1,100,000 (Pending)

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Listed by: Ben Douglas - Paragon Real Estate Advisors

$$1,100,000

Pending

est.$1,100,000/month.

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beds. baths. 5,715 Sqft.

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Mortgage Broker

John Juge
Highlands Residential Mortgage
jjuge@highlandsmortgage.com
(425) 275-1640
NMLS# 114272

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or Call Now: (425) 275-1640

4526 S Henderson Street, Seattle, WA 98118

$1,100,000

Pending

est.$1,100,000/month.

Start My Approval

beds baths 5,715 Sq.ft.

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Property details for 4526 S Henderson Street, Seattle, WA 98118

The property is positioned just south of Columbia City and within the broader Rainier Valley submarket, served by the Sound Transit Link light rail and direct bus access to downtown Seattle. The offering is an operational value-add opportunity. The asset has been updated over the years and does not require a large capital investment to perform. Current scheduled rents sit below market and the property does not currently bill back utilities to tenants. A new ownership group can grow income through natural lease turnover and the implementation of a utility recapture program, lifting NOI from $58,979 to $73,386 without renovation expense. The Henderson 7-Unit is priced at $1,100,000, or $157,143 per unit and $252 per rentable square foot, reflecting a 6.0% current cap rate and a 7.4% market cap rate. The asset offers an investor a meaningful cap rate spread, durable in-place income on a 1978 wood-frame building that has been fully updated over the last five years.

Broker details: Paragon Real Estate Advisors

Listed by: Ben Douglas
Co-listing Broker: Paragon Real Estate Advisors
Co-listing Agent: Michael Urquhart

Property Description

MLS Information

Listing: 2534478
Listing Last Modified: 2026-07-23

Property Details

Standard Status: Pending
MLS Status: Pending
Built in: 1978
Subdivision: Dunlap

Geographic Data

County: King
MLS Area: Dunlap
Directions: Follow Airport way S. Keep left at S Boeing Access Rd. Turn left onto Martin Luther King Jr Way S. Turn right onto S Henderson St. Turn left onto 46th Ave S. Destination is on the left.

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