Open House Thu, Sep 24th 12:00 PM - 02:00 PM
Address
17416 97th Avenue Sw, Vashon, WA
Price
$ 1,295,000
Property Attributes
- ID#2586393
- TypeSingle Family
- CountyKING
- CityVashon
- AreaVashon Island
- NeighborhoodIn Town
- Zip98070
- StyleTraditional
- Year Built1957
- Taxes$ 12001
- Price$ 1,295,000
- Bedrooms10
- Full Bathrooms5
- Half Bathrooms0
- Sqr Footage4160
- Lot Size0.7502 Acres
Data Source:
Northwest Multiple Listing Service (NWMLS)
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.
| Elementary School | Middle School | High School |
|---|---|---|
| Chautauqua Elem | Mcmurray Mid | Vashon Isl High |
| Price History | |
|---|---|
| 9/23/2026 | Listed $1,295,000 |
General Features
| Living Area | 4160 |
|---|---|
| Sewer | Sewer Connected |
| Heating | Baseboard,Wall Furnace |
| Cooling | None |
| Possession | Closing,Subject To Tenant Rights |
| Roof | Composition |
| Appliances | Dishwasher,Dryer,Microwave,Refrigerator,Stove(s)/Range(s),Washer |
| Architectural Style | Traditional |
| Security Features | Partially Fenced |
| Year Built | 1957 |
| Topography | Level |
| Levels | Two |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| County | King |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Attached Garage | No |
| Subdivision Name | In Town |
| Full Baths | 5 |
| Special Listing Conditions | None |
| Status | Active |
| Directions | GPS Friendly. |
| High School | Vashon Isl High |
| City | Vashon |
| Senior Community Y/N | No |
| High School District | Vashon Island |
| MLS Area | 800 - Vashon Island |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 32678 |
| Carport Y/N | No |
| Listing Terms | Cash,Conventional |
| Elementary School | Chautauqua Elem |
| Land Lease Y/N | No |
| Tax Annual Amount | 12001 |
| Middle/Junior High School | Mcmurray Mid |
| Property Condition | Good |
| Public Remarks | 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 3B |
| Structure Type | House |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Water Company | KC Dist 19 |
| Total Actual Rent | 8175 |
| Property Style | 12 - 2 Story |
| NWM_ShowMapLink | Yes |
Interior Features
| Interior Amenities | Dbl Pane/Storm Window |
|---|---|
| Basement | None |
| Flooring | Laminate,Vinyl Plank,Carpet |
| Fireplace Features | Gas |
| Air Conditioning Y/N | No |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Total Bedrooms | 10 |
| Main Level Bedrooms | 10 |
| Total Baths | 5 |
| Power Production Type | Electric,Natural Gas |
| Baths Full Main | 5 |
| Bathrooms | 5 |
Exterior Features
| Exterior Amenities | Wood |
|---|---|
| Parking Features | Off Street |
| Lot Features | Dead End Street |
| Water Source | Public |
| Total Parking | 7 |
| Inclusions | Dishwasher(s),Dryer(s),Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s) |
| Foundation Details | Slab |
| Building Area Total | 4160 |
| Lot Dimensions | 171 'X 169' |
| Lot Size Acres | 0.7502 |
| Waterfront Y/N | No |
| Irrigation Water Rights Y/N | No |
| Site Features | Cable TV,Fenced-Partially,Gas Available,High Speed Internet,Outbuildings |
| Parking Uncovered Total | 7 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 98070
Price
Taxes
Year Built
In The Neighborhood
Just Listed
Gig Harbor
$ 1,485,000
- Type
- Single Family | Active
- Size
- 2,950 SqFt
- Rooms
- 3 Beds + 3 Baths
Listed by: John L. Scott, Inc.
Views
Orting
$ 399,950
- Type
- Single Family | Active
- Size
- 1,493 SqFt
- Rooms
- 3 Beds + 2.5 Baths
Listed by: Keller Williams Realty PS
Views
Orting
$ 449,995
- Type
- Single Family | Active
- Size
- 1,332 SqFt
- Rooms
- 3 Beds + 1.5 Baths
Listed by: RE/MAX Northwest
Orting
$ 425,000
- Type
- Single Family | Active
- Size
- 1,332 SqFt
- Rooms
- 4 Beds + 2 Baths
Listed by: eXp Realty
Waterfront
Gig Harbor
$ 3,750,000
- Type
- Single Family | Contingent
- Size
- 5,987 SqFt
- Rooms
- 4 Beds + 3.5 Baths
Listed by: Neighborhood Experts Real Est.
Reduced
Orting
$ 375,000
- Type
- Single Family | Active
- Size
- 2,044 SqFt
- Rooms
- 3 Beds + 2 Baths
Listed by: The Real Estate Firm
Views
Gig Harbor
$ 1,325,000
- Type
- Single Family | Active
- Size
- 1,920 SqFt
- Rooms
- 2 Beds + 2.5 Baths
Listed by: Real Broker LLC
Reduced
Orting
$ 359,950
- Type
- Single Family | Active
- Size
- 948 SqFt
- Rooms
- 3 Beds + 1 Baths
Listed by: John L. Scott Orting
Reduced
Gig Harbor
$ 699,990
- Type
- Single Family | Active
- Size
- 1,384 SqFt
- Rooms
- 3 Beds + 2 Baths
Listed by: NextHome South Sound
Reduced
Gig Harbor
$ 2,339,000
- Type
- Single Family | Active
- Size
- 2,132 SqFt
- Rooms
- 3 Beds + 2 Baths
Listed by: Windermere Prof Partners
Views
Orting
$ 475,000
- Type
- Single Family | Active
- Size
- 1,340 SqFt
- Rooms
- 3 Beds + 2 Baths
Listed by: Windermere Prof Partners
Waterfront
Gig Harbor
$ 250,000
- Type
- Single Family | Active
- Rooms
- 0 Beds + 1 Baths
Listed by: Infinity Real Estate, LLC
