Property Details

3201 S 208th Street
SeaTac, WA 98198
$2,100,000
MLS# 2488410 courtesy of NWMLS Listing firm: Paragon Real Estate Advisors

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3201 S 208th Street , SeaTac, WA 98198, SeaTac

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3201 S 208th Street , SeaTac, WA 98198, SeaTac

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Multi-Family
Property Type
10,860
Bldg Sq Ft
12
Units
4.36%
Cap Rate
1979
Year Built

Property Overview

Built in 1979, the Contrail Vista consists of three fourplex buildings sitting on a 27,000 square foot lot. All the units are spacious (905 square foot) two-bedroom/one-bathroom floorplans and feature in-unit laundry and a complete kitchen appliance package. Units also feature fireplaces and private balconies/patios. Residents enjoy ample off-street parking with approximately 31 total surface stalls. The property is well positioned in a transit-oriented community with quick access to the nearby Angle Lake light rail station, major freeways, public transportation and the Sea Tac airport. Residents enjoy quick access to surrounding cities and nearby amenities and shopping destinations such as Soutcenter, and Kent Station.

Property Details

Property Information

Property Type Residential Income
Subtype Multi Family
Status Active
County King
Neighborhood SeaTac
Listed Mar 6, 2026

Financial Summary

Cap Rate 4.36%
Net Operating Income $91,474
Gross Scheduled Income $194,412
Gross Rent Multiplier 10.80
Total Expenses $97,106
Vacancy Rate 3.0%

Building & Use

Building Sq Ft 10,860
Leasable Area 10,860 sqft
Total Units 12
Lot Size 26,998 sqft
Year Built 1979

Exterior & Lot

Lot Size 0.62 sqft
Year Built 1979
Exterior Materials Brick, Metal/Vinyl
Sewer Sewer Connected
Exterior Features Brick, Metal/Vinyl

Location

City SeaTac
County King
Coordinates 47.41499, -122.29168

Additional Information

Tax Year 2025
Annual Taxes $26,705
Possession Array
Listed By
Ryan Iles
Paragon Real Estate Advisors

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