$3,950,000
1031 1045 122nd Street
Seattle, WA 98146
Beds
—
Baths
—
Sq Ft
—
Lot
1.45 ac
Year built
1979
Type
Residential Income
Days listed
33
MLS #
2569544
About this home
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.
Exterior features
Schools
Elementary
Hazel Vly Elem
Middle
Cascade Mid
High
Highline High
Property details
- Heating
- Baseboard, Forced Air
- Cooling
- None
- Lot
- Paved, Value In Land
- Water source
- Public
- Sewer
- Sewer Connected
Costs
- Annual taxes
- $38,727 (2026)
Estimate your monthly payment
$23,201/mo
- Principal & interest
- $19,973
- Property taxes
- $3,227
Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.
Location
Seattle, WA 98146
Approximate location. Contact us to confirm the exact address.
Listing courtesy of Kidder Mathews— Dan Swanson.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.
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