1031 1045 SW 122nd Street, Seattle, WA 98146

Listing Firm: Kidder Mathews (360-705-2800). Listings with the three tree icon are courtesy of NWMLS.

1031 1045 SW 122nd Street

Seattle, WA 98146

LISTING #2569544

REQUEST DETAILS SCHEDULE A SHOWING

$3,950,000

STATUS Active

YEAR BUILT 1979

PROPERTY TYPE Residential Income

ABOUT THIS PROPERTY

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.

PROPERTY DETAILS

EXPAND ALL

Location Information

County King

Community Seattle

Latitude 47.493077

Longitude -122.348603

Directions Property is on SW 122nd St near Ambaum Blvd.

Subdivision Name Burien

Interior Features

Has Fireplace No

Number of Fireplaces 0

Heating Baseboard, Forced Air

Cooling None

Exterior Features

Style 10+ Units

Is New Construction Yes

Exterior Stucco, Wood, Wood Products

Roof Composition

Water Source Public

Septic or Sewer Sewer Connected

Covered Spaces 2

Power Production Type Electric

Parking Spaces 32

Lot Features Paved, Value In Land

Lot Size in Acres 1.4451

Lot Size in Sq. Ft. 62,950

Building Total Area 15888 Square Feet

Has Waterfront No

Has View No

School

High School District Highline

High School Highline High

Elementary School Hazel Vly Elem

Jr. High School Cascade Mid

Additional Information

Possession Closing

Property Type Residential Income

Property Subtype Multi Family

Structure Type Multi Family

Year Built 1979

Status Active

Tax Year 2026

Tax Amount $38,727

Lot Acres Source King County

Disclaimer: The information contained in this listing has not been verified and should be verified by the buyer. All information deemed reliable but not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change, or withdrawal. Neither broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, or misprints and shall be held totally harmless. The information on this website is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Listings with the three tree icon are courtesy of NWMLS. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and include the name of the listing broker(s). Based on information submitted to the MLS GRID as of 2026 (September 2, 2026 11:43 PM PT MLS GRID Data was obtained). 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. Copyright © 2026 Northwest MLS. All rights reserved.