Map of Property

Riverton View

3455 S 144th St, Seattle, WA 98168

  • For Sale $3,995,000
  • Property Type Multi-Family
  • Property Size 16,980 SF
  • Units 24
  • Lot Size 28,824 SF
  • Cap Rate % 6.9
  • Additional Rent Contact for pricing
  • # of Floors 2
  • Parking Spaces Avail. 26
  • Parking Ratio 1.53 / 1,000 SF
  • Year Built 1963
  • Date Updated Nov 19, 2024

SIGNIFICANT RENT UPSIDE Current rental income at this property presents a substantial opportunity for increased returns, as it stands 46% below market rates. Remarkably, this potential for revenue growth does not require any property upgrades or renovations. Investors can capitalize on the below-market positioning to swiftly adjust rents and enhance cash flow, maximizing returns with minimal additional expense.

OPERATIONAL EFFICIENCY OPPORTUNITY Riverton View Apartments offer significant operational upside through improved efficiencies. By optimizing property management practices, streamlining maintenance procedures, and leveraging modern technology for rent collection and tenant services, investors can reduce operating expenses.

UNIT INTERIOR UPGRADES The Riverton View Apartments present an attractive value-add opportunity. The property is well-maintained but offers potential for interior upgrades that could lead to rental increases and improved returns. Investors can capitalize on this upside by modernizing units to meet current market trends.

RECENT CAPITAL IMPROVEMENTS The property has benefited from significant owner-provided improvements that enhance its long-term value and tenant experience. These include a new roof added in July 2024, updated electrical panels and main system in 2024, new toilets within the last 5 years, and window replacements completed within the last 10 years.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Contacts

broker
JD Fuller Is this you?

Kidder Mathews

broker
Dylan Simon Is this you?

Kidder Mathews

Location

Getting Around

  • Walk Score ®

    65/100 Somewhat Walkable

  • Transit Score ®

    55/100 Good Transit

  • Bike Score ®

    49/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Seattle, WA
  • Zip Code 98168
  • Market Seattle

Points of Interest

  • Tukwila International Boulevard

    0.68 miles

  • Uber Pickup Zone

    1.71 miles

  • N Gates

    1.90 miles

  • C Gates

    2.07 miles

  • Capital Aeroporter Airport Shuttle

    2.18 miles

  • A Gates

    2.30 miles

  • B Gates

    2.38 miles

  • S Gates

    2.51 miles

  • Rainier Beach

    3.39 miles

  • Kent

    6.71 miles

  • Chevron

    0.11 miles

  • Shell

    0.17 miles

  • Arco

    0.57 miles

  • Alliance Auto Gas

    0.92 miles

  • Pacific Pride

    1.04 miles

  • 76

    1.07 miles

  • Fuelman

    1.12 miles

  • Texaco

    1.27 miles

  • Blink

    1.55 miles

  • eVgo

    1.73 miles

  • Church By the Side of the Road Park & Ride

    0.23 miles

  • Tukwila International Boulevard Station Parking

    0.64 miles

  • ShuttlePark 2

    0.89 miles

  • Port of Seattle Employee Parking

    0.90 miles

  • Seatac Rental Car Facility

    0.93 miles

  • Visitor Parking

    0.98 miles

  • Tukwila Park & Ride

    1.03 miles

  • TNC Staging Lot

    1.05 miles

  • MPark

    1.12 miles

  • Extra Car Parking

    1.15 miles

  • Jet Inn Motel

    0.19 miles

  • Knight Inn

    0.28 miles

  • Econo Lodge Seatac Airport

    0.38 miles

  • Ramada Inn

    0.41 miles

  • Super 8 by Wyndham SeaTac Airport

    1.01 miles

  • Extended Stay America

    1.04 miles

  • Days Inn - Seattle South/Tukwila

    1.18 miles

  • Motel 6 Seattle Airport

    1.30 miles

  • Ramada

    1.50 miles

  • Interurban Suites Hotel

    1.58 miles

  • Krispy Krunchy Chicken

    0.10 miles

  • Subway

    0.10 miles

  • Jack in the Box

    0.13 miles

  • Dino's Grill

    0.14 miles

  • Juba Restaurant

    0.15 miles

  • Sprice Bridge

    0.20 miles

  • Pizza Hut

    0.20 miles

  • Halwo Kismayo Grill

    0.27 miles

  • China Pavilion

    0.33 miles

  • Wendy's

    0.37 miles

  • Foster High School

    0.42 miles

  • Cascade View Elementary School

    0.55 miles

  • Showalter Middle School

    0.59 miles

  • Thorndyke Elementary School

    0.62 miles

  • Glacier Middle School

    0.64 miles

  • Tukwila Elementary School

    1.31 miles

  • McMicken Heights Elementary School

    1.40 miles

  • Hilltop Elementary School

    1.48 miles

  • Academy Schools

    1.48 miles

  • Cedarhurst Elementary School

    1.88 miles

  • Millenium Kids Creative Center

    2.52 miles

  • From Roots to Wings Early Childhood Development Center

    2.52 miles

  • Bright Horizons at Longacres

    2.72 miles

  • Kid's Country

    2.77 miles

  • Little Aviators Child Development

    2.86 miles

  • Bright Start Child Care

    2.90 miles

  • Europa Kids International Preschool

    2.99 miles

  • Childhaven - Eli Creekmore Memorial Branch

    3.14 miles

  • Bright Horizons

    3.15 miles

  • Kre-8-tive Kidz

    3.18 miles

Frequently Asked Questions

How much does Riverton View cost?

The space currently listed for sale at Riverton View asks for $3,995,000.

What is the total square footage of Riverton View?

Riverton View totals 16,980 square feet.

When was this property built?

Riverton View was built in 1963.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Riverton View