Property Details
1017 SW 154th Street
Burien, WA 98166
$1,925,000
Active
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Property Overview
Built in 1967, the Holly Lane Apartments sit on a 12,846 sqft lot in a peaceful lakeside neighborhood in the heart of downtown Burien. The building is comprised of 10 spacious two-bedroom/one-bathroom floor plans that average 925 sqft. The apartments have functional layouts, abundant storage, complete kitchen appliance packages, and private balconies/patios. The units have been well maintained with a mix of “classic” interior finishes and light updates such as LVP flooring and appliances. Building features and amenity spaces include a very large common laundry area on the lower level, secure resident and manager/owner storage lockers and a large office space suitable for a property manager.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Burien
Listed
Jan 2, 2026
Structure Type
Multi Family
Parcel Number
1923049122
Tax & HOA
Annual Property Tax
$22,015 (2025)
Est. Monthly Tax
$1,835/mo
Financial Summary
Cap Rate
4.22%
Net Operating Income
$81,165
Gross Scheduled Income
$178,860
Gross Rent Multiplier
10.76
Total Expenses
$88,752
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
9,250
Leasable Area
9,250 sqft
Total Units
10
Lot Size
12,846 sqft
Year Built
1967
Exterior & Lot
Lot Size
0.29 sqft
Year Built
1967
Exterior Materials
Cement, Wood
Sewer
Sewer Connected
Exterior Features
Cement/Concrete, Wood
Community & Access
Directions
From downtown Seattle, follow State Rte 509 S to S 160th St in Burien. Take the S. 160th St exit from State Rte 509 S. Continue on S 160th St. Drive to SW 154th St.
Location
City
Burien
County
King
Coordinates
47.46454, -122.34806
Additional Information
Tax Year
2025
Annual Taxes
$22,015
Possession
Array
Based on information submitted to the MLS GRID as of June 4, 2026 3:45 PM. 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.
IDX information 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. Copyright 2026 NWMLS. All rights reserved.
IDX information 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. Copyright 2026 NWMLS. All rights reserved.
