4803 S Henderson Street, Seattle, WA 98118

Home » Properties » 4803 S Henderson Street, Seattle, WA 98118

Listing Firm: Paragon Real Estate Advisors (206-623-8880). Listings with the three tree icon are courtesy of NWMLS.

4803 S Henderson Street

Seattle, WA 98118

LISTING #2563789

REQUEST DETAILS SCHEDULE A SHOWING

$5,800,000

STATUS Active

YEAR BUILT 1962

PROPERTY TYPE Residential Income

ABOUT THIS PROPERTY

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

PROPERTY DETAILS

EXPAND ALL

Location Information

County King

Community Seattle

Latitude 47.522783

Longitude -122.272581

Directions Start on I-5 S towards Portland. Take exit 158. Turn left onto S Boeing Access Rd. Turn left onto MLK Jr Way S. Turn right onto S Henderson St. Destination will be on the right.

Subdivision Name Rainier Beach

Interior Features

Has Fireplace No

Number of Fireplaces 0

Heating Wall Furnace

Cooling None

Floors Laminate

Exterior Features

Style 10+ Units

Is New Construction Yes

Exterior Brick

Foundation Poured Concrete

Roof Flat

Water Source Public

Septic or Sewer Available

Covered Spaces 0

Power Production Type Electric

Parking Spaces 39

Lot Size in Acres 0.7576

Lot Size in Sq. Ft. 33,000

Building Total Area 25104 Square Feet

Has Waterfront No

Has View No

School

High School District Seattle

Additional Information

Possession Closing, Subject To Tenant Rights

Property Type Residential Income

Property Subtype Multi Family

Structure Type Multi Family

Year Built 1962

Status Active

Tax Year 2026

Tax Amount $89,417

Lot Acres Source Public Records

Disclaimer: The information contained in this listing has not been verified and should be verified by the buyer. All information deemed reliable but not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change, or withdrawal. Neither broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, or misprints and shall be held totally harmless. The information on this website is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Listings with the three tree icon are courtesy of NWMLS. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and include the name of the listing broker(s). Based on information submitted to the MLS GRID as of 2026 (September 2, 2026 11:43 PM PT MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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. Copyright © 2026 Northwest MLS. All rights reserved.