New Listing
$1,295,000
 $6,952 est/mo Sourced by Back At You

17416 97th Avenue,Vashon, WA 98070

Vashon, WA 98070

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Description

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.

Details

MLS #2583315
Listing TypeFor Sale
Sub-TypeResale
StatusFirst Look
Year1957
Days On Site5
Listing Provided ByCOMPASS | Connie Sorensen

Features

SQ Feet4,160
Story(s)2
Units5
ZoningMulti-Family
Acreage0.75

Taxes

Property12001

Area Information

StateWA
CountyKing
CityVashon
Zip Code98070
Area800 Vashon Island
Community NameIn Town
School DistrictVashon Isl High
Elementary SchoolChautauqua Elem
High SchoolVashon Isl High
Listing VS Median (in In Town)
Price:
$1,295,000
low | high
Med:
$997,475
72.974903474903% of Average
sqft:
4,160
low | high
Med:
1,720
100% of Average
$ / sqft:
$311
low | high
Med:
$624
50.295871342037% of Average
On site:
5
low | high
Med:
76
6.578947368421% of Average
Sourced by Back At You

Market Activity 98070

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Based on information submitted to the MLS GRID as of September 21, 2026 at 8:20:02 AM PDT. 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.

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Learn More About This Property

StateWA
CountyKing
CityVashon
Zip Code98070
Area800 Vashon Island
Community NameIn Town
School DistrictVashon Isl High
Elementary SchoolChautauqua Elem
High SchoolVashon Isl High
Listing VS Median (in In Town)
Price:
$1,295,000
low | high
Med:
$997,475
72.974903474903% of Average
sqft:
4,160
low | high
Med:
1,720
100% of Average
$ / sqft:
$311
low | high
Med:
$624
50.295871342037% of Average
On site:
5
low | high
Med:
76
6.578947368421% of Average
Sourced by Back At You
Listing Updated: September 21, 2026 at 8:14:15 AM PDT