Listed by MADRIC Real Estate LLC
$1,199,988

Estimated payment $7,297/month

Total Views 5,075
8 Beds
10 Baths
3,696 Sq Ft
$325 Price per Sq Ft

Highlights

  • Deck
  • No HOA
  • Vinyl Plank Flooring
  • Territorial View
  • Patio
  • Baseboard Heating

About This Home

Fantastic income property in the heart of Burien! This well-maintained 4-plex offers four large 2-bedroom units—3 with en-suite baths. Unit 1 was fully remodeled in 2023. All units feature fireplaces, private decks or patios, and double-pane windows. Fresh exterior paint, new landscaping, and a newly striped parking lot with 8 off-street spaces. Shared coin-op laundry adds opportunity for extra income. No vacancies in 18 years—a true testament to its desirability. Prime location with a 91 Walk Score, just steps to Olde Burien, Town Center, shopping, dining, and more. Ideal for investors or owner-occupants looking for a stable, turnkey property in a high-demand area.

Listing Agent

Nadejda Gueorguieva

MADRIC Real Estate LLC License #21034510 Listed on: 06/18/2025

Co-Listing Agent

Jennifer Post

MADRIC Real Estate LLC License #26082

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2392416

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,706

Year Built

  • Built in 1984

Lot Details

  • 7,627 Sq Ft Lot
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Built-Up Roof
  • Bitumen Roof
  • Wood Composite

Interior Spaces

  • 3,696 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Carpet
  • Laminate
  • Vinyl Plank
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 10 Bathrooms

Parking

  • 8 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Cedar Apartments Condos
  • Burien Subdivision

Listing and Financial Details

  • Tax Lot 12
  • Assessor Parcel Number 1218000060

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,706

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1984
  • MLS Status: Active
  • Prev Status: Active
  • Building Name: Cedar Apartments
  • New Construction: No
  • CalculatedSquareFootage: 3696
  • Special Features: None

Interior Features

  • Possible Use: See Remarks
  • Total Bedrooms: 8
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Vinyl Plank, Carpet
  • Interior Amenities: Laminate
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Built-Up, Torch Down
  • View: Territorial
  • Lot Features: Alley, Paved
  • View: Yes
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Partially Fenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • WaterSewerGarbage: 6947

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Highline
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 1218000060
  • Lot Size Acres: 0.1751
  • Lot Size Sq Ft: 7627
  • Zoning Description: See Remarks
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially,Patio
  • MLSLotSizeSource: King County
  • ZoningJurisdiction: City
  • LotNumber: 12

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 6690

Multi Family

  • Gross Scheduled Income: 80280
  • Net Operating Income: 59296
  • Number Of Units Total: 4
  • Electric Expense: 695
  • Insurance Expense: 3254
  • Leasable Area: 3600
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2025
  • Tax Annual Amount: 9705.64

MLS Schools

  • Elementary School: Buyer To Verify

Map

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

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $9,706 $863,000 $198,300 $664,700
2023 $9,946 $865,000 $190,600 $674,400
2022 $10,527 $906,000 $175,400 $730,600
2021 $9,686 $849,000 $149,000 $700,000
2020 $8,889 $752,000 $149,000 $603,000
2018 $6,872 $596,000 $112,600 $483,400
2017 $6,390 $481,000 $112,600 $368,400
2016 $6,153 $452,000 $112,600 $339,400
2015 -- $451,000 $115,000 $336,000
2014 -- $435,000 $115,000 $320,000
2013 -- $450,000 $115,000 $335,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2025 06/18/25 For Sale $1,199,988 -- $325 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $530,000 Stewart Title
Warranty Deed -- Stewart Title
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $430,500 Stand Alone Refi Refinance Of Original Loan
Closed $424,000 No Value Available
Closed $53,000 Stand Alone Second
Source: Public Records

Similar Homes in Burien, WA

  • 259 S 156th St Unit 1-4, Burien, WA 98148

    $1,275,000

    • 8 Beds
    • 4 Baths
    • 3,804 Sq Ft
    • 259 S 156th St
    • Unit 1-4
    • Burien, WA

    Rare investment opportunity in Burien with strong rental history. Here’s your chance to own this amazing 4-plex. These units are spacious, centrally located and situated on a large level corner lot with 18 uncovered parking spaces. All units are 2-Bed, 1-Bath with private patio and washer/dryers in each unit roughly 831-856 sq.ft. units. Conveniently located, minutes from DT Seattle, Sea-Tac

    Iolanthe Chan-McCarthy Urban Pacific Real Estate

    Section Image
  • 13041 12th Ave SW, Burien, WA 98146

    $1,050,000

    • 7 Beds
    • 4 Baths
    • 3,690 Sq Ft
    • 13041 12th Ave SW
    • Burien, WA

    Income, lifestyle, and location in one! Investor-ready mid-century 4-plex in the high-demand Burien corridor—ideal for house-hack, multi-generational, or pure rental income. Three 2BR/1BA (~1,000 SF) units and one 1BR/2BA (~700 SF) unit, each with wood-burning fireplace, private covered patio, and 2 parking spaces; upper units feature vaulted ceilings. Two refreshed units are vacant—ready for

    Nova Shank Coldwell Banker Danforth

    Section Image

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2392416

Northwest Multiple Listing Service (NWMLS)

APN: 121800-0060