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Listed by:Kidder Mathews • Max Frame

$1,600,000

Est. payment - /mo

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6 Beds

5 Baths

6,260 SqFt

New

13204 12th AVE SW Burien, WA 98146

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Ryan Born

ryan@born-realty.com +1(206) 498-0342

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,260 sqft

Price per Sqft $255

Subdivision Burien

MLS Listing ID 2584770

Style 55 - 5-9 Units

Bedrooms 6

Year Built 1988

Annual Tax Amount $17,385

Lot Size 0.306 Acres

Property Sub-Type Multi Family

Property Description

Discover Castlemonte Apartments, an 8-unit investment opportunity located at 13204 12th Ave SW in Burien. Built in 1988, the property features 6,260 rentable square feet across two structures on a 13,350 SF lot zoned MU-1. The unit mix includes a studio, six spacious two-bedroom apartments, and a detached 2-bedroom single-family rental with a private yard. One unit is non-conforming. Property amenities include private balconies and patios, 14 off-street parking stalls, common laundry, and select units with territorial views. Recent improvements include a composition roof installed in 2021. Offered at a 6.75% in-place cap rate, Castlemonte presents an opportunity to increase NOI through rental upside and operational improvements. The two-structure configuration also offers potential to explore subdividing and selling the single-family home separately, subject to buyer verification and municipal approval. Conveniently located near Downtown Burien, Sea-Tac Airport, and major employment centers throughout the Puget Sound region.

Location

State WA

County King

Area 130 - Burien/Normandy Park

Interior

Flooring Vinyl Plank, Carpet

Fireplace false

Exterior

Exterior Feature Wood Products

View Y/N Yes

View Bay

Roof Type Composition

Building

Sewer Sewer Connected

New Construction No

Schools

School District Highline

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://simonandersonteam.com/listings/castlemonte-apartments/

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Amenities & Attractions

Restaurants

Health & Medical

Local Services

Shopping

Recreation

Food

Nightlife

Event Planning & Services

Professional Services

Travel

Fiesta Del Mar

12803 Ambaum Blvd SW, Burien, WA 98146

Seafood Phone: 206-466-5251

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