James & Angie Smith

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Listing provided courtesy of Urban Pacific Real EstateNWMLSas Distributed by MLSGrid- MLS# NWM2538650MLS Provider

259 S 156th Street #1-4Burien, WA 98148

Multi-Family · 8 Beds · 3,804 Sq. ft. | 0.21 Acres
$1,250,000 Active

259 S 156th Street #1-4 Overview

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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.

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259 S 156th Street #1-4 Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,804
  • Price/Sq.ft. $329
  • Lot 0.21 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Highline

Income/Expenses

  • Other Expense: 1200
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Scheduled Income: 97800
  • Insurance Expense: 5269.92
  • Net Operating Income: 76038
  • Total Expenses: 21761.92
  • Total Monthly Income: 8150
  • Water/Sewer/Garbage: 4560

Building Information

  • New Construction: No
  • Year Built: 1964

Location/Region

  • Country: US
  • County Or Parish: King
  • MLS Area Major: 130 - Burien/Normandy Park
  • Subdivision Name: Burien

Tax Information

  • Tax Annual Amount: $10,732.00
  • Tax Year: 2026

General Information

  • Listing Terms: Cash, Conventional
  • Parcel Number: 2023049494
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 0

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 3804
  • Building Area Units: Square Feet
  • Calculated Square Footage: 3804
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Vinyl, Carpet
  • Foundation Details: Poured Concrete
  • Heating: Yes
  • Leasable Area: 3804
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Stories Total: 1

Unit Information

  • Unit Number: 1-4

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 18
  • Parking Uncovered Total: 18

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Corner Lot, Paved
  • Lot Size Acres: 0.21
  • Lot Size Square Feet: 9147
  • Lot Size Units: Square Feet
  • Elevation Units: Feet

Waterfront/View

  • View: No
  • Waterfront: No

Building Exterior/Construction

  • Roof: Composition
  • Structure Type: Quadruplex

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: Wood
  • Number Of Units Total: 4
  • Sewer: Sewer Connected

Unit Information

Unit 1 Details

  • Actual Rent: 1800
  • Beds Total: 2
  • Baths Total: 1

Unit 3 Details

  • Actual Rent: 2000
  • Beds Total: 2
  • Baths Total: 1

Unit 2 Details

  • Actual Rent: 2100
  • Beds Total: 2
  • Baths Total: 1

Unit 4 Details

  • Actual Rent: 2200
  • Beds Total: 2
  • Baths Total: 1

259 S 156th Street #1-4 Neighborhood

Community

98148 (Burien) Demographics

36
Median Age
3,738
Population Density (per sq. mile)
33%
College Educated
$70,050
Estimated Median Income
1,955
Estimated Total Home Owners
2,549
Estimated Total Renters
43% / 57%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

259 S 156th Street #1-4 Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

259 S 156th Street #1-4 Market Data

Based on the last 30 days in this zip code

$518,125
Average List Price
$368
Average Price per Square Foot
8
Properties Sold
36
Average Days on Market
13
Properties for Sale
Calculations provided by Reliance Network

259 S 156th Street #1-4 History

Date Event Value Agent
6/11/2026Source: NWMLS Added to Database
June 11, 2026