About this home

Centerwood presents an exceptional opportunity to acquire a 36-unit multifamily community built in 2009, located in White Center within unincorporated King County. The property consists of three well-maintained buildings totaling approximately 27,890 rentable square feet, featuring an attractive all two-bedroom unit mix with 35 two-bedroom/two-bathroom units and one two-bedroom/one-bathroom unit. Each residence includes an in-unit washer and dryer, while the community offers 61 parking stalls. Quality construction features include fire sprinklers, copper supply lines, double-pane windows, and individual hot water tanks. Conveniently located near downtown White Center, Westwood Village, public transportation, and major employment centers. Centerwood offers investors a compelling opportunity with a 5.83% in-place cap rate and potential upside through operational improvements and light cosmetic renovations. Offered at $8,000,000.

Exterior features

Wood Products

Property details

Heating: Baseboard
Cooling: None
Flooring: Vinyl Plank
View: City
Sewer: Sewer Connected

Costs

Annual taxes: $101,950 (2026)

Estimate your monthly payment

$48,948/mo

Principal & interest: $40,452
Property taxes: $8,496

Down payment (20%) $1,600,000 Interest rate (%) Loan term (years)

Loan amount $6,400,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Seattle, WA 98146

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Kidder Mathews— Max Frame.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

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