1033 SW 151st Street , Burien, WA 98166

WA, Burien
$1,125,000
  • 3,990 Sqft
  • Residential Income Property Type
  • 1968 Year Built
  • Closed Status
Property Description

Discover an enticing investment in this Burien fourplex, nestled in the charming Lake Burien neighborhood. 1033 fourplex boasts an excellent location, well-maintained structure, and the potential for current income and future appreciation. With a current cap rate of 6.3% and a market cap rate of 6.95%, it presents an attractive opportunity for investors seeking dependable income and long-term growth. This fourplex is ideally located just two blocks from Olde Town Burien, offering walkability to an array of restaurants, shops, and services. Its proximity to both Seattle and Bellevue make it a highly sought-after property for prospective tenants. Don’t miss out on this compelling investment in Burien.

Source: NWMLS
Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 2176793
  • Price: $1,125,000
  • View: City
  • Square Footage: 3,990 Sqft
  • Year Built: 1968
  • Lot Area: 0.17 Acre
  • Status: Closed
  • Office Name: Highmark Partners
  • Agent Name: Justin Kraft
  • Property Sub Type: Multi-Family
  • Roof: Composition
Features
  • Heating System Baseboard
  • Cooling System None
  • Exterior Features Wood Products
  • Flooring Vinyl Plank
  • Sewer Sewer Connected
Address Map
  • Country US
  • State WA
  • County King
  • City Burien
  • Zipcode 98166
  • Street: 151st
  • Street Number: 1033
  • Street Suffix: Street
  • Longitude: W123° 39' 4.8''
  • Latitude: N47° 28' 2.6''
  • Directions: WA-518 W from I-5 or I-405, Continue straight onto SW 148th St, 0.6 mi, Turn left onto 8th Ave SW, 0.1 mi, Turn right at the 2nd cross street onto SW 150th St 0.1 mi Turn left onto 10th Ave SW, 489 ft
  • Mls Area Major: 130 - Burien/Normandy Park
  • Street Dir Prefix: SW
Neighborhood
  • Elementary School: Seahurst Elem
  • High School: Highline High
  • High School District: Highline
  • Middle School: Sylvester Mid
Additional Information
  • Water Source: Community
  • Stories Total: 2
  • On Market Date: 2023-11-01
  • Number Of Units Total: 4
  • Lot Features: Paved
  • Foundation Details: Poured Concrete
Financial
  • Tax Annual Amount: 9757
Listing Information
  • List Agent Mls Id: 128740
  • List Office Mls Id: 10047
  • Listing Term: Cash Out,Conventional
  • Mls Status: Sold
  • Modification Timestamp: 2024-09-05T12:47:57Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2023-12-15T23:45:53Z
Rene  Orona
Rene Orona SKYLINE PROPERTIES, INC.
  • +1-425-891-8162
  • rene@brokerofrealestate.com
  • 50 116TH AVE SE STE 120 Bellevue, WA 98004, United States
  • +1-425-732-9211

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