In Town Homes with 55 - 5-9 Units Style

Welcome to In Town, a charming neighborhood nestled in the heart of Vashon, Washington. This vibrant community offers a unique blend of rural tranquility and urban convenience, making it a perfect place for those seeking a serene lifestyle without sacrificing access to amenities. With its stunning natural beauty and friendly atmosphere, In Town is truly a hidden gem in King County.

In Town features an array of homes, particularly those in the 5-9 unit style, which provide a sense of community and close-knit living. These multi-family residences are designed with comfort and functionality in mind, offering spacious layouts, modern amenities, and beautiful outdoor spaces. Residents enjoy the benefits of shared living while still having their own private retreats, making it an ideal choice for families, professionals, or retirees.

The neighborhood is characterized by its lush greenery, with picturesque parks and walking trails just a stone's throw away. Whether you're taking a leisurely stroll along the waterfront or enjoying a picnic in one of the local parks, you'll find plenty of opportunities to connect with nature and unwind. In Town is also conveniently located near Vashon Island's vibrant downtown area, where you can explore local shops, cafes, and art galleries.

Community events and farmers' markets bring neighbors together, fostering a warm and welcoming environment. With its blend of natural beauty, community spirit, and diverse housing options, In Town in Vashon is an ideal place to call home. Experience the charm of this delightful neighborhood and discover why so many choose to make it their own.

Newest In Town Homes with 55 - 5-9 Units Style

$1,295,000

2583315 MLS ⋅ ACTIVE Status

Rare Vashon investment and development opportunity! This well-maintained, established 5-unit multifamily property offers immediate income with further expansion for re-development potential (buyer to verify) adding long-term value beyond the existing improvement. The versatile mix includes a studio, two 2BR/1BA and two 3BR/1BA apartments with a history of strong occupancy. Current rent of $8175 is below fair market, including one Section 8 rental. Most units include a private washer & dryer and four units include fireplaces. The building has a newly installed roof, a significant infrastructure upgrade, new windows, flooring, wainscoting and more. The .75-acre R12-zoned parcel includes 6 water shares—an exceptional asset for future possibilities. Priced at $215,833 per unit with a cap rate at 5.87, the value is solid. Even more compelling, two contiguous R12SO-zoned parcels are also available (MLS#2590323), 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.

17416 97th Avenue SW, Vashon

Listing Broker: COMPASS; Connie Sorensen; 206-819-7669; connie.sorensen@compass.com

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