Active · Residential Income

13204 12th Avenue SW, Burien, WA 98146

Burien, WA 98146

$1,600,000

— bedrooms · — bathrooms · 0 sq ft

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Listing provided by Kidder Mathews · MLS #2584770 · Active

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About this property

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.

Property details

Property type: Multi Family
Year built: 1988
Lot size: 13,350 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $17,385 (2026)
Parking spaces: 8
School district: Highline

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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