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About the Listing 128 - 38720
A garden style 17-unit community located ±2 miles from Downtown Burien and ±7 miles from Downtown Seattle. Immediate access to the RapidRide H Line connecting to Downtown Seattle and shopping, dining, and grocery. The property spans 5 buildings constructed between 1954-1979 (most units 1979) on a single parcel. Mostly 2-bed units (5 with extra 1/2 baths) plus a studio, 2 one-beds, and 2 three-beds with either 1.5 or 2 baths. 8 units have in-unit laundry, several have townhome layouts, and most have private yards. Units average 896 SF. Off-street parking lot. Average tenant tenure is 7+ years even after a 25% gross rent increase. Value-Add Options: Raise rents to market, use yard for storage and/or parking income, add bedrooms to a couple existing units, convert garage to ADU, develop an additional building, or redevelop full parcel under R4 zoning. (Buyer to verify feasibility of all development options.) Priced at less than $235,000 per unit, under $260 per square foot, and at $62 per square foot of land, the offering represents a below-replacement-cost basis for a well-located, high-upside multifamily asset in a designated Regional Growth Center.
Listing Highlights
Interior Details
- Bedrooms: 32
- Bathrooms: 24 Full
- Appliances:
- Air Cond:
- Heating: Baseboard,Forced Air
- Fireplaces: 0
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Paved,Value In Land,Zoning: Multi-Family
- Garage Capacity: 2 car
- Parking Spaces: 32
- Zoning: Multi-Family
- Roof: Composition
- Others: Stucco,Wood,Wood Products
- Sewer: Sewer Connected
Financial Details
- Tax Amount: $38,727
- Taxes w/Assessments: N/A
- Tax/Property ID: 3744600340
- Tax Year: 2026
Payment Calculator
Monthly Payment
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Questions About..
1031 1045 Sw 122nd St Seattle, WA 98146
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