Value-add investment opportunity in the heart of Lake Burien. This value-add fourplex offers spacious living with large 2-bedroom/1-bathroom units, perfect and one generously sized 1-bedroom/1-bathroom unit. With the ability to raise rents 40-50% in a high demand market stabilizing at a 7.2% market cap rate. Two units meticulously upgraded to modern standards with the opportunity to renovate two other 2b/1b top floor units with vaulted ceilings. The exterior needs cosmetic upgrades. Situated just three blocks away from the vibrant Olde Town Burien, residents enjoy easy access to an array of amenities including restaurants, cafes, and stores. Easy access to major freeways downtown Seattle and Bellevue.
Sold
Listed by:
Justin Kraft,
Highmark Partners
Bought with: Berkshire Hathaway HS NW
$1,000,000
1111 SW 148th Street, Burien, WA 98166
7beds
4baths
3,564sqft
Quadruplex
Built in 1973
-- sqft lot
$1,001,100 Zestimate®
$281/sqft
$2,599 Estimated rent
Home value
$1,001,100
$931,000 - $1.07M
$2,599/mo
Zestimate® history
Loading...
Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: September 05, 2024 at 05:48am
Listed by:
Justin Kraft,
Highmark Partners
Bought with:
Gagan Deep, 126279
Berkshire Hathaway HS NW
Source: NWMLS,MLS#: 2199625
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
Heating
- Baseboard
Cooling
- None
Features
- Flooring: Vinyl Plank
- Has fireplace: No
Interior area
- Total structure area: 3,564
- Total interior livable area: 3,564 sqft
Property
Parking
- Total spaces: 8
- Parking features: Open
- Uncovered spaces: 8
Lot
- Size: 7,618 sqft
Details
- Parcel number: 1900000014
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Stucco
- Foundation: Slab
- Roof: Composition
Condition
- Fair
- Year built: 1973
- Major remodel year: 1995
Utilities & green energy
- Electric: Company: Seattle City Light
- Sewer: Sewer Connected, Company: Southwest sewer
- Water: Public, Company: Highline water
Community & neighborhood
Location
- Region: Burien
- Subdivision: Lake Burien
Other
Other facts
- Listing terms: Cash Out,Conventional
- Cumulative days on market: 430 days
Price history
| Date | Event | Price |
|---|---|---|
| 3/25/2024 | Sold | $1,000,000+2.6%$281/sqft |
Source:  NWMLS #2199625 | ||
| 2/20/2024 | Pending sale | $975,000$274/sqft |
Source: NWMLS #2199625 | ||
| 2/14/2024 | Listed for sale | $975,000+200%$274/sqft |
Source: NWMLS #2199625 | ||
| 9/5/2021 | Listing removed | -- |
Source: Zillow Rental Network Premium | ||
| 8/25/2021 | Listed for rent | $995-28.7% |
Source: Zillow Rental Network Premium | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $9,409 -6.7% | $812,000 -3.4% |
| 2023 | $10,088 +2.2% | $841,000 -4.1% |
| 2022 | $9,873 -4.1% | $877,000 +8% |
Find assessor info on the county website
Neighborhood: Old Burien
Nearby schools
GreatSchools rating
- 3/10Seahurst Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 2/10Glacier Middle SchoolGrades: 6-8Distance: 2.4 mi
- 2/10Highline High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- Elementary: Seahurst Elem
- Middle: Sylvester Mid
- High: Highline High
Source: NWMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$1,001,100
2% more+ $20,022
With Zillow Showcase(estimated)
$1,021,122