1031 1045 SW 122nd Street, Seattle, WA 98146 (MLS # 2569544)

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Listing provided courtesy of Northwest MLS; Kidder Mathews

PRICE $3,950,000
BEDS 0
BATHS 0
HOME SIZE 15,888 sqft
LOT SIZE 1.45 ac
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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.

LAST UPDATED 8/14/2026 TRACT Burien
YEAR BUILT 1979 COMMUNITY Burien
GARAGE SPACES 2.0 COUNTY King
STATUS Active PROPERTY TYPE(S) Multi Family

SCHOOLS
Elementary School Hazel Vly Elem
Jr. High School Cascade Mid
High School Highline High


ADDITIONAL DETAILS
AIR None
AREA 130 - Burien/Normandy Park
CONSTRUCTION Stucco, Wood Siding
GARAGE Yes
HEAT Baseboard, Electric, Forced Air
LOT 1.4451 acre(s)
LOT DESCRIPTION Paved, Value In Land
MLS STATUS Active
STORIES 2
STYLE 56 - 10+ Units
SUBDIVISION Burien
TAXES 38727
UTILITIES Sewer Connected
WATER Public
ZONING Multi-Family

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 8/15/26 8:49 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.

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