Listed by Paragon Real Estate Advisors
$2,500,000
PENDING

Estimated payment $15,399/month

Total Views 3,943
19 Beds
24 Baths
11,282 Sq Ft
$222 Price per Sq Ft

Highlights

  • No HOA
  • Forced Air Heating System
  • Wood Siding

About This Home

6.6%+ Proforma Cap Rate! Built in 1999, the Lake Burien Townhomes are located in the heart of Downtown Burien and offer tremendous income upside and value-add potential. The buildings offer a desirable mix of large two-bedroom and three-bedroom units that all have two-and-a-half bathrooms. All units are well-appointed and include a large private two-car garage, balconies, ample storage and walk-in closets, spacious and modern floorplans and kitchens with full appliance packages and breakfast bars. The buildings are situated on a single 15,000 square foot parcel with a central common driveway. Limited new supply and strong market demand for large, modern units make this a desirable place for tenants to live and a great investment.

Listing Agent

Ryan Iles

Paragon Real Estate Advisors License #108410 Listed on: 09/29/2025

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2437247

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,461

Year Built

  • Built in 1999

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 11,282 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 19 Bedrooms
  • 24 Bathrooms

Parking

  • 18 Parking Spaces
  • 16 Covered Spaces
  • Open Parking

Additional Features

  • 0.34 Acre Lot
  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • Burien Subdivision

Listing and Financial Details

  • Assessor Parcel Number 9297300875

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,461

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1999
  • MLS Status: Pending
  • Prev Status: Pending
  • New Construction: No
  • CalculatedSquareFootage: 11282
  • Special Features: None

Interior Features

  • Total Bedrooms: 19
  • Fireplace: No
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 16
  • Open Parking: Yes
  • Total Parking Spaces: 18

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Highline

Lot Info

  • Parcel Number: 9297300875
  • Lot Size Acres: 0.3444
  • Lot Size Sq Ft: 15000
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 13.56
  • LeasedItems: None
  • TotalMonthlyIncome: 15360

Tax Info

  • Year: 2025
  • Tax Annual Amount: 27461

Multi Family

  • Number Of Units Total: 8
  • EnergySource: Electric
  • UnitsBelowGrade: false

Map

Range of Values:

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Value Increase
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Percent Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/29/2025 10/29/25 Pending -- -- --
09/29/2025 09/29/25 For Sale $2,500,000 +72.4% $222 / Sq Ft
07/29/2015 07/29/15 Sold $1,450,000 -3.3% $129 / Sq Ft View Prior Sale
05/29/2015 05/29/15 Pending -- -- --
05/11/2015 05/11/15 For Sale $1,500,000 -- $133 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2437247

Northwest Multiple Listing Service (NWMLS)