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1031 SW 122nd St
Seattle, WA 98146 Highline

$3,950,000 USD

Apartments For Sale • 15,888 SF

Property Details

Property Type Apartments
Total Building Size 15,238 SF
Lot Size 1.45 AC
Building Class B
Year Built 1979
Cap Rate 5.52 %
Zoning R4

50 Transit Score

60 Walk Score

                
                    Highlights
                
                                Convenient Burien location - Immediate access to RapidRide H line to downtown Seattle, shops, restaurants, and grocery
                            
                                Excellent unit mix consisting mostly of 1979 construction, 2- and 3-bedroom units, some townhomes, with consistently large floor plans
                            
                                In-unity laundry in 8 units, large backyards with most units
                            
                                896-SF average unit size and ample off-street parking
                            
                                Rent and other income upside – Large undeveloped yard space for significant potential storage income
                            
                                Potential to completely redevelop, add a building, add bedrooms to existing units, and/or convert the garage into an ADU unit (buyer to verify)

Property Flyers

Shorewood Place

Financial Summary (Actual)

Net Operating Income: $218,198 USD (2026)

Cap Rate:	5.52 %
Total Expenses:	$138,711 USD

Major Tenants

Tenant	SF Occupied	Lease End Date
Lakeshore - Shorewood Place

Amenities

Kitchen
Refrigerator
Oven
Range
Tub/Shower

Public Transportation

Commuter Rail	Drive	Walk	Distance
Tukwila Amtrak (Amtrak Cascades - Amtrak)	12 min	-	7.1 mi
Tukwila Station (Seattle - Tacoma/Lakewood - Sound Transit)	13 min	-	7.2 mi
Airport	Drive	Walk	Distance
Seattle-Tacoma International	13 min	-	5.9 mi
Seattle Paine Field International	50 min	-	33.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	26
Type:	Surface
Included in Rent:	Yes

Dan Swanson 425-444-6501 Kidder Mathews

1031 SW 122nd St Seattle, WA 98146 Highline