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+12534953939
Real Broker LLC
15609 8th Avenue SW, Burien, WA 98166
- $1,100,999
- 3,696
- SqFt
Listing Broker: Brierwood Realty; Adi Gueorguieva; 425-208-5878; Adi.n.gueorgieva@gmail.com
- List Price
- $1,100,999
- Status
- ACTIVE
- MLS#
- 2596265
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,696
- Area Total SqFt
- 3696
- Annual Tax Ammount
- 9705.64
- Lot Size (sq ft)
- 7,627
- Sewer
- Sewer Connected
Property Description
Prime Burien 4-Plex | Exceptional Investment & Owner-Occupant Opportunity! Fantastic income-producing property in the heart of Burien! This beautifully maintained 4-plex offers four spacious 2-bedroom units, three featuring private en-suite ¾ baths. Three of the four units have been occupied by long-term tenants, reflecting the property's strong rental appeal. Unit 1 was fully remodeled in 2023 and recently refreshed, including a brand-new water heater. All units feature fireplaces, private decks or patios, and double-pane windows. Major recent improvements include a brand-new roof installed in April 2026, professional exterior painting, refreshed landscaping, and a newly striped parking lot with six off-street parking spaces. On-site coin-operated laundry provides additional income potential. Ideally located with an impressive 89 Walk Score, just steps from Olde Burien, Town Center, shopping, dining, and amenities. An exceptional investment opportunity with potential for owner-occupied financing, allowing a buyer to live in one unit while generating rental income from the others. A well-established, easy-to-manage property in a highly desirable location!
Additional Information
- Community
- Burien
- Net Operating Income
- $59,296
- Gross Adjusted Income
- $79,800
- Gross Scheduled Income
- $80,280
- Total Monthly Income
- $6,865
- Insurance Expenses
- $3,254
- Water/Sewer/Garbage Expenses
- $6,947
- Total Expenses
- $20,983
- Cap Rate
- 4.94
- Total Number of Units
- 4
- Unit Name
- 15609
- Potential Terms
- Cash, Conventional
- Year Built
- 1984
- View
- Territorial
- Roof
- Built-Up, Torch Down
- Site Features
- Deck, Fenced-Partially, Patio
- Electric Expenses
- 695
- Other Expenses
- 382
- Energy Source
- Electric
- School District
- Highline
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $6,865
- Gross Scheduled Income
- $80,280
- Gross Adjusted Income
- $79,800
- Tax Year
- 2025
- Insurance Expense
- $3,254
- W/S/G Expenses
- $6,947
- Total Expenses
- $20,983
- Net Operating Income
- $59,296
- Cap Rate
- 4.94
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.