13041 12th Avenue SW, Burien, WA 98146

$1,000,000
3,690
SqFt

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Listing courtesy of Coldwell Banker Danforth. Selling Office: WPI Real Estate Services, Inc..

Sold Price
$1,000,000
List Price
$1,025,000
Status
SOLD
MLS#
2417594
Closing Date
Oct 20, 2025
Days on Market
40
Style
54 - 4-Plex
Building Condition
Good
Finished SqFt
3,690
Area Total SqFt
3690
Annual Tax Ammount
10007
Internet Provider
Comcast
Lot Size (sq ft)
7,810
Sewer
Sewer Connected

Property Description

Income, lifestyle, and location in one! Investor-ready mid-century 4-plex in the high-demand Burien corridor—ideal for house-hack, multi-generational, or pure rental income. Three 2BR/1BA (~1,000 SF) units and one 1BR/2BA (~700 SF) unit, each with wood-burning fireplace, private covered patio, and 2 parking spaces; upper units feature vaulted ceilings. Two refreshed units are vacant—ready for market-rate lease-up, value-add management, or owner occupancy. Landscaped exterior with shared outdoor space. Possible FHA/conventional financing from 3.5% down (buyer to verify). Walk to shops, dining, and Seahurst Park; steps to RapidRide H Line, minutes to Sea-Tac, and I-5/509.

Additional Information

List Date
2025-09-10 00:00:00
Community
Burien
Net Operating Income
$54,473
Gross Scheduled Income
$81,600
Total Monthly Income
$6,800
Insurance Expenses
$5,300
Water/Sewer/Garbage Expenses
$11,520
Gross Rent Multiplier
12.86
Total Expenses
$27,127
Cap Rate
5.1
Vacancy Rate
8
Total Number of Units
4
Unit Name
13041
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1966
Roof
Torch Down
Site Features
Cable TV, Deck, High Speed Internet
Electric Expenses
300
Energy Source
Electric
School District
Highline
Elementary School
Hazel Vly Elem
Middle School
Cascade Mid
High School
Highline High
Total Monthly Income
$6,800
Gross Scheduled Income
$81,600
Vacancy Rate
8
Tax Year
2025
Insurance Expense
$5,300
W/S/G Expenses
$11,520
Total Expenses
$27,127
Net Operating Income
$54,473
Gross Rent Multiplier
12.86
Cap Rate
5.1
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.
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