Property Details
3020 S 216th Street #J
SeaTac, WA 98198
$1,100,000
Pending
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Property Overview
This well-maintained 4-plex offers a strong investment opportunity with approximately $7,600 in monthly rental income. Featuring a new roof installed in 2021 and updated hardwood flooring in Unit #3, the property is located within a gated community, providing added security and peace of mind.Ideally situated with convenient access to freeways, major highways, public transit, light rail stations, shopping centers, and Sea-Tac Airport, this location is highly desirable for tenants. The property has a history of low vacancy, enhancing its income stability.Each unit includes 2 bedrooms, 1 bathroom, a cozy wood-burning fireplace, and an in-unit washer and dryer—features that attract and retain long-term renters.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Pending
County
King
Neighborhood
SeaTac
Listed
Apr 20, 2026
Structure Type
Quadruplex
Parcel Number
0922049376
Tax & HOA
Annual Property Tax
$9,570 (2025)
Est. Monthly Tax
$798/mo
Financial Summary
Cap Rate
4.69%
Net Operating Income
$2,920
Gross Scheduled Income
$7,600
Gross Rent Multiplier
13.00
Total Expenses
$16,155
Vacancy Rate
2.0%
Building & Use
Building Sq Ft
3,690
Leasable Area
3,690 sqft
Total Units
4
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
9,148 sqft
Year Built
1979
Exterior & Lot
Lot Size
0.21 sqft
Year Built
1979
Exterior Materials
Brick, Wood
Sewer
Sewer Connected
Water Source
Public
Exterior Features
Brick, Wood Products
Community & Access
Directions
From I-5 south, take Exit 151 toward 200th Street, left onto Military Road, and right on 216th Street. The gated area is on the right-hand side of the street. For additional access, you can use Hwy 99
Location
City
SeaTac
County
King
Coordinates
47.40841, -122.29399
Additional Information
Tax Year
2025
Annual Taxes
$9,570
Possession
Array
Based on information submitted to the MLS GRID as of July 29, 2026 2:20 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.
