$2,350,000
SOLD SEP 9, 2019
-- Bed
-- Bath
8,400 Sq Ft
0.39 Acres

Recently Sold

$280 Per Sq Ft

7 Days on Market

About This Home

As of September 2019

Great opportunity to acquire a mid-century 12-unit property in the very walkable, nicely located Lake Burien neighborhood. The building has a 6-month-old roof, new stairwells, and fresh walkway coatings. The units are spacious and offer a private deck/patio, dishwasher, garbage disposal and a mix of carpet and vinyl. Units have not been updated which creates an opportunity for those looking to add value by renovating units and increasing rents.

Last Agent to Sell the Property

Saint Newton

Paragon Real Estate Advisors License #28919 Listed on: 06/14/2019

Last Buyer's Agent

Saint Newton

Paragon Real Estate Advisors License #28919 Listed on: 06/14/2019

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1474507

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,227

Year Built

  • Built in 1967

Lot Details

  • 0.39 Acre Lot

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 8,400 Sq Ft Home
  • 2-Story Property

Parking

  • 21 Parking Spaces
  • Open Parking

Community Details

  • Lake Burien Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1923049230

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,227

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1967
  • Buyer Agency Compensation: 2.25
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 8400
  • Special Features: None
  • Cumulative Days on Market: 334

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Storage

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 21
  • Open Parking: Yes
  • Total Parking Spaces: 21
  • ParkingUncoveredSpaces: 21

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 13924

Schools

  • Junior High Dist: Highline

Lot Info

  • Parcel Number: 1923049230
  • Lot Size Acres: 0.3875
  • Lot Size Sq Ft: 16878
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 14065

Multi Family

  • Gross Scheduled Income: 168774
  • Net Operating Income: 110691
  • Number Of Units Total: 12
  • Insurance Expense: 3675
  • Leasable Area: 8400
  • UnitsInBuildingTotal: 12
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2019
  • Tax Annual Amount: 16227

Similar Homes in the area

  • 2014 SW 152nd St, Burien, WA 98166

    $2,100,000

    • 15 Beds
    • 10 Baths
    • 8,034 Sq Ft
    • 2014 SW 152nd St
    • Burien, WA

    Seahurst 9 is a solid 9-unit apartment building on sale for the first time in 30 years. Located in the desirable Seahurst neighborhood of Burien, this 1962-build sits on a spacious 10,722 SF lot zoned MU-1, supporting mixed-use redevelopment with a 55-ft height limit. Ideal for multi-family, townhomes, retail, restaurants, or professional offices, offers versatile potential in a market with low

    David Petersen Westlake Associates, Inc.

    Section Image
  • 18449 1st Ave S, Normandy Park, WA 98148

    $2,300,000

    • 16 Beds
    • 18 Baths
    • 15,781 Sq Ft
    • 18449 1st Ave S
    • Normandy Park, WA

    Partially completed (75%) mixed-use apartment building located in the excellent community of Normandy Park. Normandy Park is one of the fastest growing suburbs in King County and is well-positioned for success with high rental demand and very little nearby new construction. Approx 2,596 SF of commercial space on the 1st floor that has been divided into 6 live-work units offering flexibility. The

    Will Douglas Paragon Real Estate Advisors

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2025 05/13/25 For Sale $3,175,000 +35.1% $361 / Sq Ft
09/09/2019 09/09/19 Sold $2,350,000 0.0% $280 / Sq Ft
06/21/2019 06/21/19 Pending -- -- --
06/14/2019 06/14/19 For Sale $2,350,000 -- $280 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1474507

Northwest Multiple Listing Service (NWMLS)