USAWASeattleBurien1031 1045 Sw 122Nd Street
Listing image | Image 1

1031 1045 Sw 122nd Street, Seattle, WA

Real Estate

For Sale

Listed price in listed location currency (USD).
$3,950,000

0032

MLS® 2569544

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage Yes
Taxes $38,727
Days Active 4
Lot Size 1.445099949836731 Acres
Approx. Age 1979
MLS® Number 2569544

Property Address: 1031 1045 Sw 122nd Street, Seattle, WA, 98146

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number2569544
Laundry Level
Central VacNo
FireplaceNo
Acreage1.4451
Exterior
GarageYes
Approx. Age1979
Basement
Driveway
Garage Spaces2
HeatBaseboard, Forced Air
A/CNone

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 14, 2026List Date
$3,950,000List Price
  • Commute

Commute

Starting Address
Destination Address
1031 1045 Sw 122nd Street, Seattle, WA

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