Courtesy: COMPASS
206-330-0314
Connie Sorensen
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.
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Vashon is located in Washington. Vashon, Washington has a population of 10,886. Vashon is less family-centric than the surrounding county with 29.16% of the households containing married families with children. The county average for households married with children is 35.99%.
The median household income in Vashon, Washington is $94,123. The median household income for the surrounding county is $106,326 compared to the national median of $69,021. The median age of people living in Vashon is 49.7 years.
The average high temperature in July is 76.2 degrees, with an average low temperature in January of 36.9 degrees. The average rainfall is approximately 39.9 inches per year, with 3.9 inches of snow per year.
