8340 Rainier Ave
Seattle WA 98118
Valley Commons
8340 Rainier Ave Seattle WA 98118
Listing #: 694308 | Status: Available | Last Modified: 11/19/2025 |
For Sale
- Phone:(425) 444-6501
- Email:dan.swanson@kidder.com
- Office Name:Kidder Mathews
- Office Phone:(208) 362-8600
- Office Website:
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 4,850,000.0
- $/SF$ 239.5
- $/Unit$ 4,850,000.0
- Listing StatusAvailable
- Days on Market262
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income627,190
- Vacancy Factor %5.66%
- Operating Expenses213,046
- Net Operating Income378,645
- CAP Rate 8.54 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 8.54 %
- Building StatusExisting
- # of Buildings1
- # of Floors3
- # of Units27
- # of Elevators0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF20250
- Net Rentable Area20250
- Total Office SF
- Largest Contiguous SF
- Lot SF15041
- Acres0.35
- Property TypeMulti-Family
- Office Type
- InvestmentYes
- Building ClassB
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaS. Seattle
- Tax ID #3336000125
- Additional Parcels
- ZoningLR3 RC (M)
- # Covered Spaces0
- # Uncovered Spaces35
- Total Parking Spots35
- Parking Ratio
- Year Built1962
- Year Renovated
- Completion Date
- Roof Type
- Construction TypeFramed, Masonry
Valley Commons
Available for sale individually, or as a portfolio with 8630 Rainier Ave S. All financials are market figures. Boasting a “Very Walkable” walk score of 81, Valley Commons is positioned in a convenient Rainier Beach location near a variety of community amenities. Several restaurants and multiple grocery markets are within a quarter mile of the property, while Rainier Beach Playfield and the Rainier Beach Community Center and pool are all within a 10-minute walk. Within a 15-minute walk are Be’er Sheva Park and Pritchard Island Beach, with their Lake Washington access, as well as the brand-new Rainier Beach High School. Boeing Field is just 11 minutes away by car. Rainier Beach Station, which serves as a stop for both local bus transit and the regional light rail line that transports riders
