Property Details
259 S 156th Street #1-4
Burien, WA 98148
$1,250,000
Active
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Property Overview
Exceptional investment opportunity in the heart of Burien with a strong rental history. This well maintained 4-plex features four spacious 2-bedrooms, 1-bath units, each unit features a functional open flowing floorplan with a large kitchens, in unit washer and dryers plus a private covered patio. These units are perfect for entertaining, pets, gardening or just plenty of room to relax or play. This centrally located gem offers endless potential. Situated on a large, level corner lot, the property includes 18 parking spaces.Ideally located just minutes from downtown Seattle, Sea-Tac Airport, schools, parks, shopping, and public transit, with quick access to I-5, Highway 99, and SR-509. The property is zoned MU-1 (Mixed Use 1), allowing for future development potential of up to five stories. Whether you're seeking immediate cash flow or long-term redevelopment opportunities, this turnkey asset offers outstanding value and significant upside potential. Please do not disturb tenants.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Burien
Listed
Jun 11, 2026
Structure Type
Quadruplex
Parcel Number
2023049494
Tax & HOA
Annual Property Tax
$10,732 (2026)
Est. Monthly Tax
$894/mo
Financial Summary
Cap Rate
6.08%
Net Operating Income
$76,038
Gross Scheduled Income
$97,800
Total Expenses
$21,762
Building & Use
Building Sq Ft
3,804
Leasable Area
3,804 sqft
Total Units
4
Lot Size
9,148 sqft
Year Built
1964
Exterior & Lot
Lot Size
0.21 sqft
Year Built
1964
Exterior Materials
Wood
Sewer
Sewer Connected
Lot Features
Corner Lot, Paved
Exterior Features
Wood
Community & Access
Directions
GPS works great.
Location
City
Burien
County
King
Coordinates
47.46302, -122.32894
Additional Information
Tax Year
2026
Annual Taxes
$10,732
Possession
Array
Based on information submitted to the MLS GRID as of June 11, 2026 5:00 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.
