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15801 4th Ave S
Burien, WA 98148

$2,900,000 USD

Apartments For Sale • 14,255 SF

Property Details

Property Type Apartments
Total Building Size 14,255 SF
Lot Size 0.45 AC
Building Class C
Year Built 1967
Cap Rate 4.86 %
Zoning RM-24

51 Transit Score

67 Walk Score

                
                    Highlights
                
                                Excellent downtown Burien location
                            
                                Value-add opportunity: Immediate income upside and reposition opportunity
                            
                                Large units: 2 – 2Bd/2Bth (1,500 sqft), 6 – 1Bd’s, and 7 – two-level “townhouse” 1Bd’s
                            
                                In-unit washers and dryers in 4 apartments
                            
                                Territorial and mountain views from upper levels
                            
                                Private and peaceful forest-like setting with beautiful trees and mature landscaping

Property Flyers

15801 4th Ave S - RPI

Financial Summary (Actual)

Net Operating Income: $140,894 USD (2024)

Cap Rate:	4.86 %
Total Expenses:	$98,933 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
Tukwila Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder))	9 min	-	5.2 mi
Airport	Drive	Walk	Distance
Seattle-Tacoma International	10 min	-	3.8 mi

Ryan Iles 206-948-3670 Paragon Real Estate Advisors

15801 4th Ave S Burien, WA 98148