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Multifamily

Burien Place

13227 Ambaum Blvd SW, Burien, WA 98146

Listing Price: $9,200,000

Cap Rate
6.37%
Number of Units
48
GRM
10.12
Price/Unit
$191,667
Price/Gross SF
$264.37
Gross SF
34,800

Investment Overview

Marcus & Millichap is pleased to present the multifamily investment opportunity located at 13227 Ambaum Boulevard SW in Burien, Washington. Situated in a desirable submarket within the greater Seattle metro area, the property offers investors the opportunity to acquire a well-maintained asset with strong long-term upside potential. The property has been carefully maintained with little deferred maintenance, allowing for operational stability and reduced near-term capital expenditure requirements for a new owner. Notably, the asset benefits from proximity to major regional employers throughout the Seattle metropolitan area; supporting a strong and consistent tenant base driven by continued employment growth and housing demand. Its strategic location provides residents with convenient access to employment centers, transportation corridors, retail amenities, and lifestyle attractions that continue to make Burien an increasingly sought-after residential market. Additionally, the property offers a compelling value-add opportunity with rental upside potential, providing investors with the ability to enhance cash flow through future rent growth and operational efficiencies. Off-street parking further enhances tenant convenience and desirability, contributing to long-term occupancy stability. With a combination of stable in-place operations, attractive location fundamentals, and future income growth potential, this multifamily asset represents an excellent opportunity for investors seeking exposure to the dynamic Puget Sound region.

Investment Highlights

  • Well Maintained Property with Minimal Deferred Maintenance
  • Excellent Access to Major Seattle Area Employers
  • Value Add Opportunity with Strong Rental Upside Potential
  • Convenient Off-Street Parking

Exclusively Listed By

Multifamily

Burien Place

Listing Price: $9,200,000

Cap Rate
6.37%
Number of Units
48
GRM
10.12
Price/Unit
$191,667
Price/Gross SF
$264.37
Gross SF
34,800

Investment Highlights

  • Well Maintained Property with Minimal Deferred Maintenance
  • Excellent Access to Major Seattle Area Employers
  • Value Add Opportunity with Strong Rental Upside Potential
  • Convenient Off-Street Parking

Investment Overview

Marcus & Millichap is pleased to present the multifamily investment opportunity located at 13227 Ambaum Boulevard SW in Burien, Washington. Situated in a desirable submarket within the greater Seattle metro area, the property offers investors the opportunity to acquire a well-maintained asset with strong long-term upside potential. The property has been carefully maintained with little deferred maintenance, allowing for operational stability and reduced near-term capital expenditure requirements for a new owner. Notably, the asset benefits from proximity to major regional employers throughout the Seattle metropolitan area; supporting a strong and consistent tenant base driven by continued employment growth and housing demand. Its strategic location provides residents with convenient access to employment centers, transportation corridors, retail amenities, and lifestyle attractions that continue to make Burien an increasingly sought-after residential market. Additionally, the property offers a compelling value-add opportunity with rental upside potential, providing investors with the ability to enhance cash flow through future rent growth and operational efficiencies. Off-street parking further enhances tenant convenience and desirability, contributing to long-term occupancy stability. With a combination of stable in-place operations, attractive location fundamentals, and future income growth potential, this multifamily asset represents an excellent opportunity for investors seeking exposure to the dynamic Puget Sound region.

Exclusively Listed By

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