overview
deal room
contact
listings
exclusively offered by berkadia seattle
9 Units + Two Commercial Spaces with Upside in Renton
11441 Rainier Ave S
Seattle, WA 98178
highlights
$1.945M
Price
total units
11
residential units
9
year renovated
year built
1946
investment highlights
Attractive Pricing: Units are competitively priced at $170,000, with a cost of $300 per rentable square foot.
Well-Maintained Opportunity with Upside: This well-maintained property has seen varying levels of renovations during tenant turnovers, allowing new ownership to continue improvements and capitalize on projected market and post-renovation cap rates of 6.23% and 6.56%.
Prime Location: Located just off the south end of Lake Washington, the property provides quick access to I-5 and I-405, connecting residents to Renton, SeaTac Airport, and downtown Seattle.
Partially Renovated with Strong Cap Rate in Major Employment Hub
contact us to learn more
Mitchell Belcher
Managing Director 425.891.9594 mitchell.belcher@berkadia.com
Steven chattin
Managing Director 425.269.3826 steven.chattin@berkadia.com
jay timpani
Managing Director 206.999.3206 jay.timpani@berkadia.com
chad blenz
Senior Director 206.491.2008 chad.blenz@berkadia.com
brandon lawler
Senior Director 206.484.8114 brandon.lawler@berkadia.com
back to top
offices in bellevue & seattle
bellevue
411 108th Avenue NE
Suite 1080
Bellevue, WA 98004
206.521.7220
seattle
601 Union Street
Suite 3909
Seattle, WA 98101
206.521.7220
Privacy
terms of use
overview
deal room
contact
listings
Market cap rate
6.78%
year built
1925
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2025 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
contact us to learn more
brandon lawler
Senior Director 206.484.8114 brandon.lawler@berkadia.com
Senior Director 206.484.8114 brandon.lawler@berkadia.com
chad blenz
Senior Director 206.491.2008 chad.blenz@berkadia.com
Senior Director 206.491.2008 chad.blenz@berkadia.com
jay timpani
Managing Director 206.999.3206 jay.timpani@berkadia.com
Managing Director 206.999.3206 jay.timpani@berkadia.com
Steven chattin
Managing Director 425.269.3826 steven.chattin@berkadia.com
Managing Director 425.269.3826 steven.chattin@berkadia.com
Mitchell Belcher
Managing Director 425.891.9594 mitchell.belcher@berkadia.com
Managing Director 425.891.9594 mitchell.belcher@berkadia.com
Diverse Unit Mix: Quarter Deck offers a variety of one- and two-bedroom units, averaging 561 square feet, appealing to a wide range of potential renters.
commercial units
2
2018
properties
2
year built
1973 & 1977
Robust Submarket Fundamentals: Renton attracts residents from pricier areas of Metro Seattle; over the past five years, effective rents have increased by 19% while maintaining consistent occupancy levels above 95%.
Multiple Income Streams: The property features two commercial spaces totaling 1,729 square feet, which are currently generating additional monthly income.
Attractive Pricing: Units are competitively priced at $170,000, with a cost of $300 per rentable square foot.