1017 SW 154th Street, Burien, WA 98166

$1,925,000
9,250
SqFt

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Listing courtesy of Paragon Real Estate Advisors.

List Price
$1,925,000
Status
ACTIVE
MLS#
2464787
Days on Market
288
Style
56 - 10+ Units
Finished SqFt
9,250
Area Total SqFt
9250
Annual Tax Ammount
24603
Lot Size (sq ft)
12,846
Sewer
Sewer Connected

Property Description

Built in 1967, the Holly Lane Apartments sit on a 12,846 sqft lot in a peaceful lakeside neighborhood in the heart of downtown Burien. The building is comprised of 10 spacious two-bedroom/one-bathroom floor plans that average 925 sqft. The apartments have functional layouts, abundant storage, complete kitchen appliance packages, and private balconies/patios. The units have been well maintained with a mix of “classic” interior finishes and light updates such as LVP flooring and appliances. Building features and amenity spaces include a very large common laundry area on the lower level, secure resident and manager/owner storage lockers and a large office space suitable for a property manager.

Additional Information

List Date
2025-10-11 18:36:12
Community
Burien
Net Operating Income
$96,350
Gross Adjusted Income
$182,605
Gross Scheduled Income
$192,216
Total Monthly Income
$16,018
Insurance Expenses
$11,500
Water/Sewer/Garbage Expenses
$29,916
Gross Rent Multiplier
10.01
Total Expenses
$86,255
Cap Rate
5.01
Vacancy Rate
5
Total Number of Units
10
Unit Name
1017
Potential Terms
Cash, Conventional
Year Built
1967
Roof
Composition
Other Expenses
20236
Energy Source
Electric
School District
Highline
Total Monthly Income
$16,018
Gross Scheduled Income
$192,216
Vacancy Rate
5
Gross Adjusted Income
$182,605
Tax Year
2026
Insurance Expense
$11,500
W/S/G Expenses
$29,916
Total Expenses
$86,255
Net Operating Income
$96,350
Gross Rent Multiplier
10.01
Cap Rate
5.01
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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