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$1,295,000

  • For Sale
  • Active
  • Multi-Family

Listed by Connie Sorensen | Compass | (206) 330-0314 and Sara Peterson | Compass | (206) 330-0314

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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.

Full Property Details for 17416 97th Ave SW

General

  • Price: $1,295,000
  • Taxes: $12,001 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2583315
  • Updated: 9/23/2026
  • Added to Site: 25 day(s) ago

Interior

  • Flooring: Laminate, Vinyl Plank, Carpet

Additional Information

  • Amenities: Cable TV, Fenced-Partially, Gas Available, High Speed Internet, Outbuildings
  • Security/Safety: Partially Fenced

Parking

  • Uncovered Spaces: 7

Location

  • Area: 800 - Vashon Island
  • County: King
  • Subdivision: In Town
  • Driving Directions: GPS Friendly.

School Information

  • High School District: Vashon Island
  • Elementary School: Chautauqua Elem
  • Middle School: Mcmurray Mid
  • High School: Vashon Isl High

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard, Wall Furnace

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Multi Family
  • Exterior Const.: Wood
  • Foundation: Slab
  • Roof: Composition
  • Stories in Building: 2
  • Square Feet: 4,160
  • Year Built: 1957
  • Property Condition: Good

Unit Information

  • Units in Building: 5

Lot Features

  • Lot Size (Acres): 0.7502
  • Lot Size (Sq. Ft.): 32,678
  • Lot Size Source: County Records
  • Lot Dimensions: 171 ' x 169'
  • Lot Features: Dead End Street
  • Zoning: Multi-Family

Green Features

  • Energy Efficient: Thermal Windows

Financial Considerations

  • Tax Amount: $12,001
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 8884400030

Listed by Connie Sorensen | Compass | (206) 330-0314 and Sara Peterson | Compass | (206) 330-0314

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Schools serving 17416 97th Ave SW

School District:Vashon Island School District
NameGradesDistance
Chautauqua Elementary School
9309 Southwest Cemetery Road, Vashon, WA 98070
PK-52.4 mi
Mcmurray Middle School
9329 Southwest Cemetery Road, Vashon, WA 98070
6-82.4 mi
Vashon Island High School
9600 Southwest 204th Street, Vashon, WA 98070
9-122.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 17416 97th Ave SW Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/15/2026
Listed
$1,295,000
227.02%
MLS
3/31/2003
Sold
$396,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 17416 97th Ave SW

Year
Property Taxes
Change
Tax Assessment
Change
2026
$12,001
6%
$980,000
3%
2024
$11,310
-5%
$951,000
5%
2024
$11,925
24%
$905,000
—
2022
$9,585
-4%
$905,000
10%
2021
$10,013
—
$824,000
15%
2021
$10,013
11%
$715,000
6%
2020
$8,995
18%
$677,000
17%
2019
$7,596
-5%
$578,000
2%
2018
$7,969
12%
$568,000
7%
2017
$7,114
-1%
$530,000
-2%
2016
$7,221
9%
$539,000
13%
2015
$6,612
-7%
$477,000
-3%
2014
$7,098
—
$492,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Connie Sorensen | Compass | (206) 330-0314 and Sara Peterson | Compass | (206) 330-0314

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17416 97th Avenue SW, Vashon, WA 98070 (MLS# 2583315) is a Multi-Family property with 5 units containing 0 bedrooms and 0 full bathrooms. 17416 97th Avenue SW is currently listed for $1,295,000 and was received on September 15, 2026. Want to learn more about 17416 97th Avenue SW? Do you have questions about finding other Multi-Family real estate for sale in Vashon? You can browse all Vashon real estate or contact a Coldwell Banker agent to request more information.

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