3020 S 216th Street Unit #J, SeaTac, WA 98198
- $1,100,000
- 3,690
- SqFt
Listing courtesy of Capitol Realty & Investments.
- List Price
- $1,100,000
- Status
- PENDING
- MLS#
- 2510250
- Days on Market
- 98
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,690
- Area Total SqFt
- 3690
- Annual Tax Ammount
- 9570
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 9,148
- Sewer
- Sewer Connected
Property Description
This well-maintained 4-plex offers a strong investment opportunity with approximately $7,600 in monthly rental income. Featuring a new roof installed in 2021 and updated hardwood flooring in Unit #3, the property is located within a gated community, providing added security and peace of mind.Ideally situated with convenient access to freeways, major highways, public transit, light rail stations, shopping centers, and Sea-Tac Airport, this location is highly desirable for tenants. The property has a history of low vacancy, enhancing its income stability.Each unit includes 2 bedrooms, 1 bathroom, a cozy wood-burning fireplace, and an in-unit washer and dryer—features that attract and retain long-term renters.
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Additional Information
- List Date
- 2026-04-23 00:28:11
- Community
- SeaTac
- Net Operating Income
- $2,920
- Gross Adjusted Income
- $7,600
- Gross Scheduled Income
- $7,600
- Total Monthly Income
- $7,600
- Insurance Expenses
- $1,600
- Water/Sewer/Garbage Expenses
- $4,985
- Gross Rent Multiplier
- 13
- Total Expenses
- $16,155
- Cap Rate
- 4.69
- Vacancy Rate
- 2
- Total Number of Units
- 4
- Unit Name
- 3020
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1979
- Roof
- Composition, Metal
- Energy Source
- Electric
- School District
- Highline
- Elementary School
- Madrona Elem
- Middle School
- Chinook Mid
- High School
- Tyee High
- Total Monthly Income
- $7,600
- Gross Scheduled Income
- $7,600
- Vacancy Rate
- 2
- Gross Adjusted Income
- $7,600
- Tax Year
- 2025
- Insurance Expense
- $1,600
- W/S/G Expenses
- $4,985
- Total Expenses
- $16,155
- Net Operating Income
- $2,920
- Gross Rent Multiplier
- 13
- Cap Rate
- 4.69
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.