Listed by Paragon Real Estate Advisors
$2,100,000
SOLD JUN 5, 2026
19 Beds
16 Baths
11,282 Sq Ft
0.34 Acre Lot

Sale Details

Date Sold: June 5, 2026

$186 Per Sq Ft

10% Below List Price

Highlights

  • No HOA
  • Forced Air Heating System
  • Wood Siding

About This Home

As of June 2026

7%+ 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.

Last Agent to Sell the Property

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)
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,461

Year Built

  • Built in 1999

Parking

  • 16 Car Garage
  • Open Parking

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

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

Bedrooms and Bathrooms

  • 19 Bedrooms
  • 16 Bathrooms

Additional Features

  • 15,000 Sq Ft 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

0.34 Acres

Parking

16

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1999
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • Structure Type: Multi Family
  • 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

Garage/Parking

  • Carport Y N: No
  • Garage Spaces: 16
  • Open Parking: Yes

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: 12.3
  • LeasedItems: None
  • TotalMonthlyIncome: 15688

Tax Info

  • Year: 2025
  • Tax Annual Amount: 27461

Multi Family

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2025
Closed on
Jun 3, 2026
Sold by
Bought by
Seller's Agent
Ryan Iles
Paragon Real Estate Advisors
List Price
$2,325,000
Sold Price
$2,100,000
Premium/Discount to List
-$225,000
-9.68%
Views
25

Purchase Details

Closed on
Jan 9, 2025
Sold by
Bought by

Purchase Details

Listed on
May 11, 2015
Closed on
Jul 26, 2015
Sold by
Bought by
Seller's Agent
Ryan Iles
Paragon Real Estate Advisors
Buyer's Agent
David Petersen
Westlake Associates, Inc.
List Price
$1,500,000
Sold Price
$1,450,000
Premium/Discount to List
-$50,000
-3.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,087,500
Interest Rate
4.01%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 23, 2014
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
4.09%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 30, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
6.67%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 21, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$604,817
Interest Rate
6.04%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 20, 1997
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $2,098,000 Stewart Title
Quit Claim Deed $313 None Listed On Document
Warranty Deed $1,448,800 Fidelity
Special Warranty Deed $1,248,000 Chicago Title
Quit Claim Deed -- None Available
Quit Claim Deed -- Stewart Title
Warranty Deed $125,000 First American Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $1,293,000 Construction
Previous Owner $1,087,500 Commercial
Previous Owner $750,000 Commercial
Previous Owner -- Commercial
Previous Owner $700,000 Commercial
Previous Owner $604,817 Commercial
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/05/2026 06/05/26 Sold $2,100,000 -9.7% $186 / Sq Ft
03/17/2026 03/17/26 Pending -- -- --
02/11/2026 02/11/26 Price Changed $2,325,000 0.0% $206 / Sq Ft
02/11/2026 02/11/26 For Sale $2,325,000 -7.0% $206 / Sq Ft
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)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $31,565 $2,695,000 $285,000 $2,410,000
2024 $27,461 $2,473,000 $281,200 $2,191,800
2023 $27,887 $2,500,000 $277,500 $2,222,500
2022 $28,656 $2,569,000 $270,000 $2,299,000
2021 $26,298 $2,332,000 $236,200 $2,095,800
2020 $24,857 $2,063,000 $232,500 $1,830,500
2018 $22,444 $1,830,000 $180,000 $1,650,000
2017 $20,410 $1,600,000 $180,000 $1,420,000
2016 $16,952 $1,458,000 $180,000 $1,278,000
2015 -- $1,248,000 $225,000 $1,023,000
2014 -- $1,146,000 $225,000 $921,000
2013 -- $1,230,000 $225,000 $1,005,000
Source: Public Records

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2437247

Northwest Multiple Listing Service (NWMLS)
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