620 SW 155th Street, Burien, WA 98166
- $2,100,000
- 11,282
- SqFt
Listing courtesy of Paragon Real Estate Advisors. Selling Office: ZNonMember-Office-MLS.
- Sold Price
- $2,100,000
- List Price
- $2,325,000
- Status
- SOLD
- MLS#
- 2437247
- Closing Date
- Jun 05, 2026
- Days on Market
- 65
- Style
- 55 - 5-9 Units
- Finished SqFt
- 11,282
- Area Total SqFt
- 11282
- Annual Tax Ammount
- 27461
- Lot Size (sq ft)
- 15,000
- Sewer
- Sewer Connected
Property Description
7%+ Proforma Cap Rate! Built in 1999, the Lake Burien Townhomes are located in the heart of Downtown Burien and offer tremendous income upside and value-add potential. The buildings offer a desirable mix of large two-bedroom and three-bedroom units that all have two-and-a-half bathrooms. All units are well-appointed and include a large private two-car garage, balconies, ample storage and walk-in closets, spacious and modern floorplans and kitchens with full appliance packages and breakfast bars. The buildings are situated on a single 15,000 square foot parcel with a central common driveway. Limited new supply and strong market demand for large, modern units make this a desirable place for tenants to live and a great investment.
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Additional Information
- List Date
- 2026-04-01 00:00:00
- Community
- Burien
- Net Operating Income
- $109,211
- Gross Adjusted Income
- $183,550
- Gross Scheduled Income
- $188,256
- Total Monthly Income
- $15,688
- Insurance Expenses
- $11,200
- Water/Sewer/Garbage Expenses
- $18,278
- Gross Rent Multiplier
- 12.3
- Total Expenses
- $74,339
- Cap Rate
- 4.7
- Vacancy Rate
- 2
- Total Number of Units
- 8
- Unit Name
- 620
- Potential Terms
- Cash, Conventional
- Year Built
- 1999
- Roof
- Composition
- Other Expenses
- 17400
- Energy Source
- Electric
- School District
- Highline
- Total Monthly Income
- $15,688
- Gross Scheduled Income
- $188,256
- Vacancy Rate
- 2
- Gross Adjusted Income
- $183,550
- Tax Year
- 2025
- Insurance Expense
- $11,200
- W/S/G Expenses
- $18,278
- Total Expenses
- $74,339
- Net Operating Income
- $109,211
- Gross Rent Multiplier
- 12.3
- Cap Rate
- 4.7
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.