259 S 156th Street Unit #1-4, Burien, WA 98148

$1,250,000
3,804
SqFt

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Listing courtesy of Urban Pacific Real Estate.

List Price
$1,250,000
Status
ACTIVE
MLS#
2538650
Days on Market
45
Style
54 - 4-Plex
Finished SqFt
3,804
Area Total SqFt
3804
Annual Tax Ammount
10732
Lot Size (sq ft)
9,147
Sewer
Sewer Connected

Property Description

Exceptional investment opportunity in the heart of Burien with a strong rental history. This well maintained 4-plex features four spacious 2-bedrooms, 1-bath units, each unit features a functional open flowing floorplan with a large kitchens, in unit washer and dryers plus a private covered patio. These units are perfect for entertaining, pets, gardening or just plenty of room to relax or play. This centrally located gem offers endless potential. Situated on a large, level corner lot, the property includes 18 parking spaces.Ideally located just minutes from downtown Seattle, Sea-Tac Airport, schools, parks, shopping, and public transit, with quick access to I-5, Highway 99, and SR-509. The property is zoned MU-1 (Mixed Use 1), allowing for future development potential of up to five stories. Whether you're seeking immediate cash flow or long-term redevelopment opportunities, this turnkey asset offers outstanding value and significant upside potential. Please do not disturb tenants.

Additional Information

List Date
2026-06-11 16:58:11
Community
Burien
Net Operating Income
$76,038
Gross Adjusted Income
$97,800
Gross Scheduled Income
$97,800
Total Monthly Income
$8,150
Insurance Expenses
$5,269
Water/Sewer/Garbage Expenses
$4,560
Total Expenses
$21,761
Cap Rate
6.08
Total Number of Units
4
Unit Name
259
Potential Terms
Cash, Conventional
Year Built
1964
Roof
Composition
Other Expenses
1200
Energy Source
Electric
School District
Highline
Total Monthly Income
$8,150
Gross Scheduled Income
$97,800
Gross Adjusted Income
$97,800
Tax Year
2026
Insurance Expense
$5,269
W/S/G Expenses
$4,560
Total Expenses
$21,761
Net Operating Income
$76,038
Cap Rate
6.08
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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