1017 SW 154th St
Burien WA 98166
Holly Lane Apartments
1017 SW 154th St Burien WA 98166
Listing #: 702414 | Status: Available | Last Modified: 2/11/2026 |
For Sale
- Phone:(206) 812-9119
- Email:ryan@paragonrea.com
- Office Name:Paragon Real Estate Advisors
- Office Phone:(206) 623-8880
- Office Website:www.paragonrea.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 1,925,000.0
- $/SF$ 208.1
- $/Unit$ 1,925,000.0
- Listing StatusAvailable
- Days on Market235
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income169,917
- Vacancy Factor %5.00%
- Operating Expenses88,752
- Net Operating Income72,669
- CAP Rate 4.22 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 4.22 %
- Building StatusExisting
- # of Buildings1
- # of Floors3
- # of Units10
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF9250
- Net Rentable Area9250
- Total Office SF
- Largest Contiguous SF
- Lot SF12846
- Acres0.29
- Property TypeMulti-Family
- Office Type
- InvestmentYes
- Building ClassB
- CountyKing
- Vicinity
- Location DescriptionQuiet residential apartment near downtown Burien
- Second Address
- Cross Street11th Ave. SW
- Market AreaBurien/Normandy Park
- Tax ID #1923049122
- Additional Parcels
- ZoningRM-18
- # Covered Spaces8
- # Uncovered Spaces7
- Total Parking Spots15
- Parking Ratio
- Year Built1967
- Year Renovated
- Completion Date
- Roof TypeAsphalt shingle
- Construction TypeStucco, Wood
Holly Lane Apartments
We are pleased to exclusively offer for sale the Holly Lane Apartments; a 10-unit, value-add apartment community in a superb Burien location. Built in 1967, the Holly Lane Apartments sit on a 12,846 sqft lot in a peaceful lakeside neighborhood in the heart of downtown Burien. The building is comprised of 10 spacious two-bedroom/one-bathroom floor plans that average 925 sqft. The apartments have functional layouts, abundant storage, complete kitchen appliance packages, and private balconies/patios. The units have been well maintained with a mix of “classic” interior finishes and light updates such as LVP flooring and appliances. Building features and amenity spaces include a very large common laundry area on the lower level, secure resident and manager/owner storage lockers and a large of
Holly Lane Apartments is a ±9250 square foot residential community featuring a 3 story building with 10 individual 2BR/1BA units. This community is perfectly located 1 block from the quaint shops of Old Downtown Burien.
