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Provided by NWMLS, Listed by Connie Sorensen, 206-330-0314 at COMPASS
10 Beds
5 Baths
4,160 sqft

$1,295,000

17416 97th Avenue SW, Vashon WA, 98070

Price per sqft$311.30
Built in1957
Property size4,160 sqft
Property typeResidential

Overview

Active

Listed Sep 23, 2026

Updated 3h ago

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.

$8,616/mo

Est. mortgage payment based on a $1,295,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
2586393

Interior Features

Bedrooms
10
Bathrooms
5
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.75 Acres

Other Property Details

Taxes
$12,001
Tax Frequency
Annually
55+/Senior Community
No
MLS provider logo

Provided by NWMLS, Listed by Connie Sorensen, 206-330-0314 at COMPASS

The IDX display presents information sourced from the Northwest Multiple Listing Service as of 9/23/2026. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified. Based on information submitted to the MLS GRID as of 9/23/2026 at 6:53 PM UTC . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

©2026 Northwest Multiple Listing Service all rights reserved.

Data last updated on 9/23/2026 at 6:53 PM UTC 

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