10451 Rainier Avenue S, Seattle, WA, 98178
About This Home
Investor Opportunity in Seattle’s Lakeridge Neighborhood – Duplex with Lake & Territorial Views + Deeded Waterfront Access Well-located duplex in the Lakeridge area of Seattle offering strong long-term investment potential. This one-story multi-family property with an unfinished basement features approximately 1,750 square feet on a 7,040 square foot lot, with two separate 1bed/1bath units providing flexibility for rental income, multigenerational living, or future repositioning. Property includes hardwood, vinyl, and carpet flooring, basement storage, and patio space. Multiple uncovered parking spaces provide convenient off-street parking. Situated on a paved, dead-end street with sidewalks, curbs, and established residential surroundings. Enjoy territorial, city, and lake views along with deeded access to community waterfront/private beach, a rare amenity that enhances long-term desirability. Built in 1943, this property offers value-add potential for investors looking to renovate, optimize rents, or as a long-term hold. Close proximity to major commuter routes, employment centers, and neighborhood amenities.
Getting Around
Car-Dependent
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1943
Materials
- Roof: Torch Down
- Construction materials: Wood Siding
Notable Dates
- Major remodel year: 1942
Type & Style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subType: Duplex
Interior
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
Features
- Flooring: Hardwood,Vinyl,Carpet
Heating & Cooling
- Heating features: Baseboard,Forced Air,Electric,Natural Gas
- Cooling features: None
Interior Area
- Total structure area: 1,750
- Total interior livable area: 1,750 sqft
Property
Details
- Parcel number: 2045400180
- Zoning description: Multi-Family,Residential
- Special condition: Standard
Features
- Has view: Yes
- View description: City,Lake,Territorial
- Has water view: Yes
- Water view: Lake
Lot
- Lot size: 7,039 sqft
- Features: Curbs,Dead End Street,Paved,Sidewalk,Patio
Parking
- Total spaces: 4
- Uncovered spaces: 4
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters in King County and Washington
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,550 | $54,600 |
| Home Insurance * | $182 | $2,184 |
| Property Taxes | $836 | $10,032 |
| Electricity | $149 | $1,793 |
| Total | $5,717 | $68,604 |
Income You'd Need if You Spent...
Washington FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-28 | Listed for sale | $900,000 |
| 1984-12-21 | Sold | $75,000 |
View on Zillow