$624,950 Price Analysis    ♡   Burien, WA 98166 Unknown bed None bath 1,500 SqFt ($416/SqFt) 7,500SqFt lot. Built 1947 Listed 2024-03-21, Taxes $5,618 | Ⓧ USDA Ineligible due to location near Burien |
Investment opportunity in downtown Burien!
Duplex offers a total of 1500SF, with 2 bed 1 bath per unit. What sets this property apart is its immense potential for redevelopment. Currently zoned RM 24, the property is up for a rezone to Urban Residential, which would allow for residential ptential of 126 units per acre and up to 4 stories.
This 7, 500sqft lot makes it an ideal location for an apartment site. On a corner lot with alley access and 125 feet of frontage on 4th Ave SW, this property offers excellent visibility and accessibility. Newer roof, a prime location two blocks from Burien library, transit and surrounded by a vibrant dining/shopping scene, this property offers a fantastic long term investment opportunity.
Presented by Justin O'Dell at
Berkshire Hathaway HS Northwest Real Estate.
Property MLS #2212915 from NWMLS
Laminate
Wall to Wall Carpet
Flooring: Hardwood, Laminate, Wall to Wall Carpet
Fuel Expense: 1254
Heating Features: Ductless HP-Mini Split, Wall
Heating Fuel: Natural Gas
Heating: Yes
Lot Size Acres: 0.1721763
Lot Size Dimensions: 60 x 125
Lot Size Square Feet: 7500
Open Parking: Yes
Parking Total: 6
High School: Highline High
High School District: Highline
Middle School: Sylvester Mid
Map directions Map directions Map directions Map directionsLeasable Area: 1500
Leasable Area Units: Square Feet
Source Listing Status: Active
Country Region: US
County: King
Cap Rate: 3.8
Directions: GPS is correct
Tax Year: 2023
Source Property Type: Multi-Family
Possible Use: Multi-Family
Insurance Expense: 1200
Area: 130 - Burien/Normandy Park
List Development Name: Downtown Burien
Source Neighborhood: Downtown Burien
Parcel Number: 1220000935
Street Suffix Modifier: Avenue
Subdivision: Downtown Burien
Zoning: MultiFamily
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $231,000 + $278,000 $509,000 | $5,618 |
| 2022 | $194,000 + $235,000 $429,000 | $5,364 |
| 2021 | $172,000 + $208,000 $380,000 | $4,933 |
| 2020 | $169,000 + $174,000 $343,000 | $4,435 |
| 2019 | $160,000 + $165,000 $325,000 | $3,904 |
| 2018 | $151,000 + $144,000 $295,000 | $4,219 |
| 2017 | $115,000 + $129,000 $244,000 | $3,474 |
| 2016 | $106,000 + $118,000 $224,000 | $3,092 |
| 2015 | $90,000 + $105,000 $195,000 | $2,824 |
| 2014 | $47,000 + $140,000 $187,000 | $2,847 |
| 2013 | $32,000 + $136,000 $168,000 | $2,596 |
| 2012 | $26,000 + $181,000 $207,000 | $2,729 |
| 2011 | $29,000 + $181,000 $210,000 | $2,804 |
| 2009 | $64,000 + $197,000 $261,000 | $2,915 |
| 2007 | $115,000 + $90,000 $205,000 | $2,235 |
$624,950
NWMLS
Sold 2022-04-14
$500,000
Public Record
Sold 1987-10-29
$56,000
Public Record
Operating Expense: 13192
Power Production Type: NaturalGas
Sewer: Sewer Connected
Building Area Units: Square Feet
Living Area Units: Square Feet
Property Age: 77
Roof: Composition
Building Total Stories: 2
Structure Type: Duplex
House Style: Duplex
Elevation Units: Feet
Year Built Effective: 1947
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.