17416 97th AVE SW, Vashon, WA 98070
17416 97th AVE SW, Vashon, WA 98070
17416 97th AVE SW, Vashon, WA 98070
17416 97th AVE SW, Vashon, WA 98070
17416 97th AVE SW, Vashon, WA 98070
17416 97th AVE SW, Vashon, WA 98070
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Christine Andreasen

Christine Andreasen

+1(206) 353-8787
Listed by:COMPASS • Connie Sorensen
$ 1,295,000
Est. payment | /mo

10 Beds

5 Baths

4,160 SqFt

Save
$ 1,295,000
Est. payment | /mo
Save

10 Beds

5 Baths

4,160 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 4,160 sqft

Price per Sqft $311

Subdivision In Town

MLS Listing ID 2586393

Style 12 - 2 Story

Bedrooms 10

Full Baths 5

Year Built 1957

Annual Tax Amount $12,001

Lot Size 0.750 Acres

Lot Dimensions 171 'X 169'

Property Sub-Type Single Family Residence

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

Rooms

Basement None

Main Level Bedrooms 10

Interior

Interior Features Dbl Pane/Storm Window

Flooring Laminate, Vinyl Plank, Carpet

Fireplaces Type Gas

Fireplace false

Appliance Dishwasher, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer

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

Story Two

Sewer Sewer Connected

Water Public

Architectural Style Traditional

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

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
Nearby Locations

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Christine Andreasen

CEO License ID: 89537

+1(206) 353-8787 | christine.andreasen@exprealty.com

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17416 97th AVE SW