$1495000

Bed
Bath
0 SqFt
62 DOM
Built: 1939
Status: Active

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Srinivas Kasam

CEO & Founder

(650)533-3259

A truly rare riverfront investment opportunity in the heart of Tukwila. Set on approximately 150' of scenic river frontage, this 1.31-acre gated, park-like estate offers immediate income with exceptional long-term redevelopment potential. The property features a 2,400 sq ft single-family residence with 3 bedrooms and 1.75 baths, plus six detached, income-producing cottages thoughtfully arranged across a level, usable lot. The setting is serene and private, with mature landscaping, river views, and a sense of retreat rarely found this close to urban amenities. Current ownership has invested heavily in improvements. Units 1–5 were comprehensively remodeled in 2017, including new plumbing, electrical, roofs, kitchens, bathrooms, flooring, lighting, fixtures, and fresh interior/exterior paint. All six cottages are equipped with mini-split heating and A/C, dedicated storage units, and APP-paid laundry, supporting strong tenant demand and consistent rental income. Covered parking and additional on-site storage enhance both functionality and tenant appeal. Zoned LDR, the property now benefits from new Middle Housing zoning, unlocking substantial expansion and redevelopment options - (buyer to verify). Whether held as a cash-flowing asset or repositioned for future development, the upside is compelling. Ideal for owner-occupants seeking supplemental income, 1031 exchange? builder/developer? This is a turnkey investment today with redevelopment possibilities for tomorrow.

Listing Provided Courtesy of Leslie A. Newman, RE/MAX All City

General Information

MLS #NWM2477457
TypeMulti Family
Days on Market 62 DOM
Beds
Lot Size 1.31 acres
Baths
SqFt0
Year built1939
ZoningCommerc
CountyKing
Tax ID
ElemBuyer To Verify
MiddleBuyer To Verify
HighBuyer To Verify
PropCategoryResidential Incom
PropTypeMulti Family
Neighborhood (Legal)

Listing Provided Courtesy of Leslie A. Newman, RE/MAX All City

Kasamestates data last checked: Mar 05, 2026 21:03 | Listing last modified Feb 23, 2026 21:04, Source:

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Residence Information

Upper SqFt
Main SqFt
Lower SqFt
Total SqFt0
SFSrc
TotUp/Mn
Fireplaces
Bdrms
Full Bath
Partial Bath
Total Bath
RoofComposition
Garage
Style55 - 5-9 Units
Parking
Levels
Year Built1939
Green Cert
Energy Eff
Exterior
Bsmt/Fnd
RV
URM
Basement
FoundationPoured Concrete
Windows
AmenitiesCoin Op Laundry, See

Features and Utilities

Living
Kitchen
Interior
ExteriorCement/Concrete, Wood, Wood Products
Accessibility
Cool
WaterPublic
Heat
SewerSewer Connected
Hot Water
Fuel0

Financial

PTax/Yr12416
HOA
HOA Incl
HOA Fee
Other Dues
Terms ConsideredCash, Conventional
List Date02-05-2026
Rent (If Rented)
Bank Owned/REO
Short Sale

Comparable Information

Pending Date
DOM 62
CDOM 62
Sold Date
TermsCash, Conventional
Original Price$1,495,000
List Price$1,495,000
Sold Price
Last ModifiedFeb 23, 2026 21:04

Schools

Elementary : Buyer To Verify N/A Ratings

Middle : Buyer To Verify N/A Ratings

High : Buyer To Verify N/A Ratings

Map

Listing courtesy of RE/MAX All City.

The content relating to real estate for sale on this site comes in part from the IDX program of the NWMLS of Seattle, Washington. Real Estate listings held by brokerage firms other than this firm are marked with the NWMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 NWMLS of Seattle, Washington. All information provided is deemed reliable but is not guaranteed and should be independently verified. Kasamestates data last checked: Mar 05, 2026 21:03 | Listing last modified Feb 23, 2026 21:04. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

13301 56th Avenue S

$1,495,000