Discover an enticing investment in this Burien fourplex, nestled in the charming Lake Burien neighborhood. 1033 fourplex boasts an excellent location, well-maintained structure, and the potential for current income and future appreciation. With a current cap rate of 6.3% and a market cap rate of 6.95%, it presents an attractive opportunity for investors seeking dependable income and long-term growth. This fourplex is ideally located just two blocks from Olde Town Burien, offering walkability to an array of restaurants, shops, and services. Its proximity to both Seattle and Bellevue make it a highly sought-after property for prospective tenants. Don't miss out on this compelling investment in Burien.
Sold
Listed by:
Justin Kraft,
Highmark Partners
Bought with: Keller Williams Downtown Sea
$1,142,000
1033 SW 151st Street, Burien, WA 98166
--beds
--baths
3,990sqft
Quadruplex
Built in 1968
-- sqft lot
$1,109,200 Zestimate®
$286/sqft
$2,314 Estimated rent
Home value
$1,109,200
$1.03M - $1.20M
$2,314/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 05, 2024 at 05:47am
Listed by:
Justin Kraft,
Highmark Partners
Bought with:
Nicholas T. Vilvandre, 107068
Keller Williams Downtown Sea
Source: NWMLS,MLS#: 2176793
Facts & features
Interior
Heating
- Baseboard
Cooling
- None
Features
- Flooring: Vinyl Plank
- Has fireplace: No
Interior area
- Total structure area: 3,990
- Total interior livable area: 3,990 sqft
Property
Parking
- Total spaces: 8
- Parking features: Open
- Uncovered spaces: 8
Features
- Has view: Yes
- View description: City
Lot
- Size: 7,618 sqft
- Features: Paved, Fenced-Partially
Details
- Parcel number: 1900000180
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Very Good
- Year built: 1968
- Major remodel year: 2001
Utilities & green energy
- Electric: Company: Seattle City Light
- Sewer: Sewer Connected, Company: Southwest Sewer District
- Water: Community, Company: Highline
Community & neighborhood
Location
- Region: Seattle
- Subdivision: Lake Burien
Other
Other facts
- Listing terms: Cash Out,Conventional
- Cumulative days on market: 536 days
Price history
| Date | Event | Price |
|---|---|---|
| 9/11/2025 | Listing removed | $1,850 |
Source: Zillow Rentals | ||
| 8/27/2025 | Listed for rent | $1,850 |
Source: Zillow Rentals | ||
| 5/17/2025 | Listing removed | $1,850 |
Source: Zillow Rentals | ||
| 3/2/2025 | Price change | $1,850-2.6% |
Source: Zillow Rentals | ||
| 1/21/2025 | Price change | $1,900-5% |
Source: Zillow Rentals | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $10,566 -0.4% | $919,000 +3.6% |
| 2023 | $10,607 +8.7% | $887,000 +2.4% |
| 2022 | $9,757 -11.7% | $866,000 -1% |
Find assessor info on the county website
Neighborhood: Old Burien
Nearby schools
GreatSchools rating
- 3/10Seahurst Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 2/10Glacier Middle SchoolGrades: 6-8Distance: 2.4 mi
- 2/10Highline High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- Elementary: Seahurst Elem
- Middle: Sylvester Mid
- High: Highline High
Source: NWMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$1,109,200
2% more+ $22,184
With Zillow Showcase(estimated)
$1,131,384