15430 40th Avenue South

Tukwila, WA 98188

$2,075,000
Price
16
Beds
8
Baths
7,308 Sq. Ft.
$284 / Sq. Ft.
7,308
Sq. Ft.
$284
per Sq. Ft.
a front view of a house with a yard and parking space
a house that has a tree in front of it
a kitchen with granite countertop white cabinets and white appliances
a kitchen with stainless steel appliances a refrigerator and a stove top oven
a view of an empty room with wooden floor and a window
an empty room with wooden floor fireplace and windows
a view of empty room with wooden floor
an empty room with wooden floor and windows
wooden floor in an empty room with a window
a bathroom with a granite countertop sink toilet a mirror and shower
a view of a house with swimming pool and sitting area
a view of a house with a snow in the yard
a front view of a house with a yard
Listing provided courtesy of The Foundation Group LLC

Description

Commuter friendly 8-unit property (side by side 4plexes) located within walking distance to Tukwila Light Rail Station. Six of eight units have been nicely renovated (roughly $30K/unit spent) and positioned for rent increases. All units are 2B/1B with W/D featuring four townhome style units and four flats. Units are easy to rent given the spacious open layouts, sizeable backyard space facing green belt, detached garages and additional overflow parking. Properties are on individual tax parcels and...Commuter friendly 8-unit property (side by side 4plexes) located within walking distance to Tukwila Light Rail Station. Six of eight units have been nicely renovated (roughly $30K/unit spent) and positioned for rent increases. All units are 2B/1B with W/D featuring four townhome style units and four flats. Units are easy to rent given the spacious open layouts, sizeable backyard space facing green belt, detached garages and additional overflow parking. Properties are on individual tax parcels and can be financed individually or with commercial loan product.
  1. Listed by Ethan Szmania • The Foundation Group LLC

Property Details for 15430 40th Avenue South

Community Name
Tukwila
School District
Tukwila
Number of Assigned Spaces
20
Total Covered Parking
8
Entry Date
09-09-2024
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 11/13/2024 10:48 AM

Property Details for 15430 40th Avenue South

StatusActive
MLS #2287879
Days on Market73
Cumulative Days on Market73
Taxes$25,064 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1984
Lot Size0.60 AC / 26,340 SF
CountyKing County

Building Information for 15430 40th Avenue South

Stories2Residences8Year Built1984Building Size-Lot Size0.60 AC / 26,340 SF

Property Information for 15430 40th Avenue South

Summary
Location and General Information
  • Style: 55 - 5-9 Units
  • Area: 130 - Burien/Normandy Park
  • Effective Year Built Source: Public Records
  • Directions: Follow I-5 to Southcenter Blvd in Tukwila. Take exit 154B from I-5 S, Continue on Southcenter Blvd. Drive to Russell Ln
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2024
  • Additional Tax Ids: 0043000252,0043000255
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 12.0
  • Open Parking: Yes
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
  • Bedrooms Possible: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Laminate, Carpet
  • Features: Laminate Hardwood, Wall to Wall Carpet
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard
  • FIRPTA: No
Exterior Features
  • Exterior: Wood, Wood Products
  • Roof: Composition
Property
Utilities
  • Water/Sewer/Garbage: 10000
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: County
  • Foundation: Poured Concrete
  • Zoning Class: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • MLS Square Footage Source: Parcel Viewer
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 2002
  • Photos Count: 14
Lot Information
  • Lot Details: Cul-De-Sac
  • Lot Size Source: Parcel Viewer
  • Parcel Number Free Text: 0043000255
  • Building Condition: Good
  • Calculated Square Footage: 7308
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 7308.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 12
  • Number of Stories in Building: 2
  • Vacancy Rate: 3
  • Number Of Units Total: 8
  • Units Below Grade: false
  • Units In Building Total: 8
Financing / Income and Expenses
  • Electric Expense: $4,432
  • Total Expenses: 51734
  • Gross Adjusted Income: 159759
  • Gross Rent Multiplier: 13
  • Gross Scheduled Income: $164,700
  • Insurance Expense: $4,468
  • Net Operating Income: $119,617
  • Other Expenses: $7,770
  • Total Monthly Income: 14691
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 28A
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 910
  • Rent Unit 1: $1,400.00
  • Bedrooms Unit 1: 2
  • Fireplaces Unit 1: 1
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 28B
  • Washer/Dryer Unit 2: true
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 910
  • Rent Unit 2: $1,875.00
  • Bedrooms Unit 2: 2
  • Fireplaces Unit 2: 1
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 28C
  • Washer/Dryer Unit 3: true
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: true
  • Square Feet Unit 3: 950
  • Rent Unit 3: $1,700.00
  • Bedrooms Unit 3: 2
  • Fireplaces Unit 3: 1
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 28D
  • Washer/Dryer Unit 4: true
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: true
  • Square Feet Unit 4: 950
  • Rent Unit 4: $1,875.00
  • Bedrooms Unit 4: 2
  • Fireplaces Unit 4: 1
  • Bathrooms Unit 4: 1
Unit 5
  • Name Unit 5: 30A
  • Washer/Dryer Unit 5: true
  • Range/Oven Unit 5: true
  • Refrigerator Unit 5: true
  • Dishwasher Unit 5: true
  • Square Feet Unit 5: 910
  • Rent Unit 5: $1,875.00
  • Bedrooms Unit 5: 2
  • Fireplaces Unit 5: 1
  • Bathrooms Unit 5: 1
Unit 6
  • Name Unit 6: 30B
  • Washer/Dryer Unit 6: true
  • Range/Oven Unit 6: true
  • Refrigerator Unit 6: true
  • Dishwasher Unit 6: true
  • Square Feet Unit 6: 910
  • Rent Unit 6: $1,800.00
  • Bedrooms Unit 6: 2
  • Fireplaces Unit 6: 1
  • Bathrooms Unit 6: 1
Unit 7
  • Name Unit 7: 30C
  • Washer/Dryer Unit 7: true
  • Range/Oven Unit 7: true
  • Refrigerator Unit 7: true
  • Dishwasher Unit 7: true
  • Square Feet Unit 7: 950
  • Rent Unit 7: $1,800.00
  • Bedrooms Unit 7: 2
  • Fireplaces Unit 7: 1
  • Bathrooms Unit 7: 1
Unit 8
  • Name Unit 8: 30D
  • Washer/Dryer Unit 8: true
  • Range/Oven Unit 8: true
  • Refrigerator Unit 8: true
  • Dishwasher Unit 8: true
  • Square Feet Unit 8: 950
  • Rent Unit 8: $1,400.00
  • Bedrooms Unit 8: 2
  • Fireplaces Unit 8: 1
  • Bathrooms Unit 8: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 7308.0
  • Leasable Area Units: Square Feet

Property History for 15430 40th Avenue South

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 15430 40th Avenue South

Taxable ValueLand$202,000Additions$959,000Total$1,161,000
Tax Record2022$12,846 ($1,071 / month)
Home Facts
Total Finished SqFt3,652 SqFtAbove Ground SqFt3,652 SqFtStories2Lot Size12,432 SqFtStyleMulti-Family Dwelling (2-4)Year Built1984Year Renovated2002ZoningMDRCountyKINGAPN004300-0252Fireplace TypeHas Fireplace

Schools near 15430 40th Avenue South

This home is within Tukwila School District.
Rating
School
Type
Grades
Distance
Thorndyke Elementary School
Public - PK to 5
Cascade View Elementary School
Public - PK to 5
Showalter Middle School
Public - 6 to 8
Foster Senior High School
Public - 9 to 12
Rating
School
Distance
Thorndyke Elementary School
PublicPK to 5

Cascade View Elementary School
PublicPK to 5

Showalter Middle School
Public6 to 8

Foster Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 15430 40th Avenue South, Tukwila, WA 98188

15430 40th Avenue South is a multi-family home for sale in Tukwila, WA 98188. This property was listed for sale on September 9, 2024 by The Foundation Group LLC, it's currently listed at $2,075,000. It has been on the market for a total of 73 days and was last sold on September 29, 2006. This listing's school district is Tukwila School District. Nearby schools include Thorndyke Elementary School, Cascade View Elementary School and Showalter Middle School. 15430 40th Avenue South is a 16-bed, 8-bath, 7,308 sqft multi-family home built in 1984.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Foundation Group LLC

Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.