15043 8th Avenue S, Burien, WA 98148

$4,150,000
19,019
SqFt

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Listing courtesy of Windermere Real Estate Co..

List Price
$4,150,000
Status
ACTIVE
MLS#
2480872
Days on Market
158
Style
56 - 10+ Units
Building Condition
Good
Finished SqFt
19,019
Area Total SqFt
19019
Annual Tax Ammount
42089.94
Lot Size (sq ft)
27,980
Sewer
Sewer Connected

Property Description

Sited just off 509 at the edge of SeaTac Airport sits 15043 8th Ave S AND 648 S 152nd Street in Burien. These two buildings include 23 studio units and one large ground floor office space, perfect for a law office or other entity. With a simple commute in any direction and proximity to light rail, these buildings have had minimal vacancy. Both buildings present an excellent opportunity for a savvy buyer with upside potential.

Additional Information

List Date
2026-02-18 16:13:11
Community
Burien
Net Operating Income
$234,634
Gross Adjusted Income
$387,820
Gross Scheduled Income
$387,820
Total Monthly Income
$31,565
Insurance Expenses
$16,551
Water/Sewer/Garbage Expenses
$35,920
Gross Rent Multiplier
10.7
Total Expenses
$153,185
Cap Rate
5.65
Vacancy Rate
5
Total Number of Units
24
Unit Name
15043
Potential Terms
Cash, Conventional
Year Built
1987
Roof
Composition
Electric Expenses
3006
Other Expenses
55618
Energy Source
Electric
School District
Highline
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$31,565
Gross Scheduled Income
$387,820
Vacancy Rate
5
Gross Adjusted Income
$387,820
Tax Year
2025
Insurance Expense
$16,551
W/S/G Expenses
$35,920
Total Expenses
$153,185
Net Operating Income
$234,634
Gross Rent Multiplier
10.7
Cap Rate
5.65
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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