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Listed by:Kidder Mathews • Max Frame
$ 1,600,000
Est. payment /mo
New
13204 12th AVE SW Burien, WA 98146
6 Beds
5 Baths
6,260 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,260 sqft
Price per Sqft $255
Subdivision Burien
MLS Listing ID 2584770
Style 55 - 5-9 Units
Bedrooms 6
Year Built 1988
Annual Tax Amount $17,385
Lot Size 0.306 Acres
Property Sub-Type Multi Family
Property Description
Discover Castlemonte Apartments, an 8-unit investment opportunity located at 13204 12th Ave SW in Burien. Built in 1988, the property features 6,260 rentable square feet across two structures on a 13,350 SF lot zoned MU-1. The unit mix includes a studio, six spacious two-bedroom apartments, and a detached 2-bedroom single-family rental with a private yard. One unit is non-conforming. Property amenities include private balconies and patios, 14 off-street parking stalls, common laundry, and select units with territorial views. Recent improvements include a composition roof installed in 2021. Offered at a 6.75% in-place cap rate, Castlemonte presents an opportunity to increase NOI through rental upside and operational improvements. The two-structure configuration also offers potential to explore subdividing and selling the single-family home separately, subject to buyer verification and municipal approval. Conveniently located near Downtown Burien, Sea-Tac Airport, and major employment centers throughout the Puget Sound region.
Location
State WA
County King
Area 130 - Burien/Normandy Park
Interior
Flooring Vinyl Plank, Carpet
Fireplace false
Exterior
Exterior Feature Wood Products
View Y/N Yes
View Bay
Roof Type Composition
Building
Sewer Sewer Connected
New Construction No
Schools
School District Highline
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://simonandersonteam.com/listings/castlemonte-apartments/
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