15409 9th Avenue SW, Burien, WA 98166

$1,550,000
5,796
SqFt

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Listing courtesy of Lake & Company.

List Price
$1,550,000
Status
ACTIVE
MLS#
2536775
Price Change
▼ $50,000 1783928342
Days on Market
40
Style
55 - 5-9 Units
Finished SqFt
5,796
Area Total SqFt
5796
Annual Tax Ammount
15271
Lot Size (sq ft)
7,639
Sewer
Sewer Connected

Property Description

Lakeview is a 6-unit multifamily apartment building located near highly-sought after downtown Burien, just 2 blocks from all the hip restaurants, cafes, bars, library, retail, and parks of historic downtown Burien, with easy transit access. The well maintained building offers 6 spacious, well-laid out 2br/1ba plans, averaging 966 sq. ft. Updated kitchens/baths, granite countertops, newer flooring, in-unit W/D, large private balconies, newer paint, and 12 parking spaces.

Additional Information

List Date
2026-06-16 18:14:15
Community
Downtown Burien
Net Operating Income
$79,686
Gross Adjusted Income
$131,707
Gross Scheduled Income
$136,380
Total Monthly Income
$11,365
Insurance Expenses
$6,933
Water/Sewer/Garbage Expenses
$12,423
Gross Rent Multiplier
11.37
Total Expenses
$45,989
Cap Rate
5.14
Vacancy Rate
3
Total Number of Units
6
Unit Name
15409
Potential Terms
Cash, Farm Home Loan
Year Built
1979
View
Territorial
Roof
Flat
Site Features
Cable TV, High Speed Internet, Patio
Electric Expenses
522
Other Expenses
10840
Energy Source
Electric
School District
Highline
Total Monthly Income
$11,365
Gross Scheduled Income
$136,380
Vacancy Rate
3
Gross Adjusted Income
$131,707
Tax Year
2016
Insurance Expense
$6,933
W/S/G Expenses
$12,423
Total Expenses
$45,989
Net Operating Income
$79,686
Gross Rent Multiplier
11.37
Cap Rate
5.14
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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