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Listed by: Dan Swanson (425) 444-6501 | Kidder Mathews (360) 705-2800
$3,950,000
Monthly Est:$19,661
32 Beds
24 Baths
15,888sqft
1031 SW 1045 122nd Street, Seattle, WA 98146
$3,950,000
$19,661/moEst:
Get Pre-Approved
Multi Family
Built in 1979
$-- HOA
1.45 acres lot
$249/sq.ft
Description
A garden style 17-unit community located ±2 miles from Downtown Burien and ±7 miles from Downtown Seattle. Immediate access to the RapidRide H Line connecting to Downtown Seattle and shopping, dining, and grocery. The property spans 5 buildings constructed between 1954-1979 (most units 1979) on a single parcel. Mostly 2-bed units (5 with extra 1/2 baths) plus a studio, 2 one-beds, and 2 three-beds with either 1.5 or 2 baths. 8 units have in-unit laundry, several have townhome layouts, and most have private yards. Units average 896 SF. Off-street parking lot. Average tenant tenure is 7+ years even after a 25% gross rent increase. Value-Add Options: Raise rents to market, use yard for storage and/or parking income, add bedrooms to a couple existing units, convert garage to ADU, develop an additional building, or redevelop full parcel under R4 zoning. (Buyer to verify feasibility of all development options.) Priced at less than $235,000 per unit, under $260 per square foot, and at $62 per square foot of land, the offering represents a below-replacement-cost basis for a well-located, high-upside multifamily asset in a designated Regional Growth Center.
- Houzeo last checked: 12 hours ago
- Listing updated: September 23, 2026 at 1:40 am
- Source: Northwest Multiple Listing Service | MLS#: NWM2569544
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1979
HOA Fees
-
Finished Area
15,888 sqft
Lot Size
1.45 acres lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2569544
MLS Status
Active
Days on Market
48
Cumulative Days on Market
48
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 32
Bathrooms: 24
Interior
Exterior Features
Stucco, Wood, Wood Products
Sewer
Sewer Connected
Heating
Baseboard, Forced Air
Cooling
None
Construction
Year Built
Year Built: 1979
Home type
Multi Family
Roof
Composition
Construction Materials
Stucco, Wood
Utilities & Energy
Water Source
Public
Other Features
Lot Features
Paved, Value In Land
Subdivision Name
Burien
Price History
| Date | Event | Price |
|---|---|---|
08/14/2026 Source: | Listed for Sale | $3,950,000 $249/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 01, 2026, 02:47PM. 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; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
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