REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Elsa Borgen

elsaborgenhomes@gmail.com +1(253) 606-8212

Listed by:COMPASS • Connie Sorensen

$ 1,295,000

Est. payment -/mo

Save

First Look

17416 97th AVE SW Vashon, WA 98070

10 Beds

5 Baths

4,160 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status First Look

Purchase Type For Sale

Square Footage 4,160 sqft

Price per Sqft $311

Subdivision In Town

MLS Listing ID 2583315

Style 55 - 5-9 Units

Bedrooms 10

Year Built 1957

Annual Tax Amount $12,001

Lot Size 0.750 Acres

Lot Dimensions 171 'X 169'

Property Sub-Type Multi Family

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.

Location

State WA

County King

Area 800 - Vashon Island

Interior

Flooring Laminate, Vinyl Plank, Carpet

Fireplace false

Exterior

Exterior Feature Wood

Amenities Available Cable TV, Fenced-Partially, Gas Available, High Speed Internet, Outbuildings

View Y/N No

Roof Type Composition

Building

Lot Description Dead End Street

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Chautauqua Elem

Middle Schools Mcmurray Mid

High Schools Vashon Isl High

School District Vashon Island

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Elsa Borgen

17416 97th AVE SW Vashon, WA 98070

Key Details

Location

Interior

Exterior

Building

Schools

Others

GET MORE INFORMATION

Go tour this home

17416 97th AVE SW