Prepared by https://www.commercialmls.com
Holly Lane Apartments
1017 SW 154th St Burien WA 98166
Listing #: 702414 | Status: Available | Last Modified: 2/11/2026
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 169,917 |
| Vacancy Factor % | 5.00% |
| Operating Expenses | 88,752 |
| Net Operating Income | 72,669 |
| CAP Rate | 4.22 % |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Financial Summary | |
|---|---|
| CAP Rate | 4.216 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 1 |
| # of Floors | 3 |
| # of Units | 10 |
| Total Building SF | 9,250 SF |
| Net Rentable Area | 9,250 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 12,846 SF |
| Acres | 0.29 |
| Year Built | 1967 |
| Roof Type | Asphalt shingle |
| Construction Type | Stucco, Wood |
| Property Type | |
|---|---|
| Property Type | Multi-Family |
| Investment | Yes |
| Building Class | B |
| Location | |
|---|---|
| County | King |
| Location Description | Quiet residential apartment near downtown Burien |
| Cross Street | 11th Ave. SW |
| Market Area | Burien/Normandy Park |
| Tax ID # | 1923049122 |
| Zoning | RM-18 |
| Parking Information | |
|---|---|
| #Covered Spaces | 8 |
| # Uncovered Spaces | 7 |
| Total Parking Spots | 15 |
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.
Holly Lane Apartments
1017 SW 154th St Burien WA 98166
Listing #: 702414 | Status: Available | Listing Date: 9/11/2025 | Last Modified: 2/11/2026 | Email Listing
For Sale
Holly Lane Apartments
