255 SW 154th Street, Burien, WA 98166
- $2,608,000
Listing courtesy of Real Broker LLC. Selling Office: Pacific Crest.
- Sold Price
- $2,608,000
- List Price
- $2,800,000
- Status
- SOLD
- MLS#
- 2463336
- Closing Date
- Apr 03, 2026
- Days on Market
- 32
- Style
- 56 - 10+ Units
- Annual Tax Ammount
- 22819
- Lot Size (sq ft)
- 14,777
- Sewer
- Sewer Connected
Property Description
Van Lloyd Apartments offers exceptional positioning in Burien with easy access to schools, retail, transit, and major employment hubs. Over $375K in upgrades; including new systems, roof, windows, exterior improvements, and modern interior finishes; enhance quality and performance. With a strong 1–2 bedroom mix, proven rent growth, minimal maintenance needs, and attractive 4.06% assumable debt, this turnkey asset delivers stability and meaningful upside.
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Additional Information
- List Date
- 2026-03-02 00:00:00
- Community
- Burien
- Net Operating Income
- $175,164
- Gross Adjusted Income
- $224,352
- Gross Scheduled Income
- $236,160
- Total Monthly Income
- $21,154
- Insurance Expenses
- $8,000
- Water/Sewer/Garbage Expenses
- $6,634
- Gross Rent Multiplier
- 11.86
- Total Expenses
- $78,232
- Cap Rate
- 6.26
- Vacancy Rate
- 5
- Total Number of Units
- 2
- Unit Name
- 255
- Potential Terms
- Cash, Conventional
- Year Built
- 1959
- Roof
- Torch Down
- Electric Expenses
- 6634
- Other Expenses
- 27511
- Energy Source
- Electric
- School District
- Highline
- Total Monthly Income
- $21,154
- Gross Scheduled Income
- $236,160
- Vacancy Rate
- 5
- Gross Adjusted Income
- $224,352
- Tax Year
- 2025
- Insurance Expense
- $8,000
- W/S/G Expenses
- $6,634
- Total Expenses
- $78,232
- Net Operating Income
- $175,164
- Gross Rent Multiplier
- 11.86
- Cap Rate
- 6.26
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.