1111 SW 148th Street
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    Courtesy of Highmark Partners and NWMLSNWMLS

    OverviewEstate Overview - $975,000Closed

    Listing View7
    Like Count-
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    1111 SW 148th Street,

    Burien, WA 98166

    Value-add investment opportunity in the heart of Lake Burien.This value-add fourplex offers spacious living with large 2-bedroom/1-bathroom units, perfect and one generously sized 1-bedroom/1-bathroom unit.With the ability to raise rents 40-50% in a high demand market stabilizing at a 7.2% market cap rate. Two units meticulously upgraded to modern standards with the opportunity to renovate two other 2b/1b top floor units with vaulted ceilings.The exterior needs cosmetic upgrades. Situated just three blocks away from the vibrant Olde Town Burien, residents enjoy easy access to an array of amenities including restaurants, cafes, and stores...See More

    • 0 Beds
    • 0 Baths
    • 3564 Sqft
    • Residential Income

    OverviewListing Details

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    Status:Closed
    Original Listing Price: $ 975,000
    Listing Date: 02/14/2024
    Days on dealty:Was on Dealty for 41 days
    County:King
    MLS Type:NWMLSNWMLS
    Built In:1973
    Has HOA:No
    Status Change Date:March 26, 2024
    Pool:No
    Cumulative Days on market:5 days
    Last Updated:03/28/2026, 09:46:09 AM
    *Please Contact Lister for more information.

    FeaturesProperty Features

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    Design
    • Property subtype: Multi Family
    • Construction materials: Stucco
    • Roof: Composition
    Flooring
    • Vinyl Plank
    Interior Spaces
      --
    Bedrooms & Bathrooms
    • 0 - Bedrooms
    • 0 - Bathrooms
    Exteriors
    • Exterior features: Stucco,
    Lot Details
    • Lot size: 0.1749 Acres / 7620 Square feet

    AmenitiesAmenities

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    Utilities
    • Cooling - None
    • Heating - Baseboard
    Laundry
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    Parking
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    HOAHOA & Financial

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    Primary HOA
      No
    Second HOA
      No
    Third HOA
      No

    OverviewOpen House

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    * There are no open house dates scheduled at this time. Please reach out to the lister for an in person or virtual viewing.

    Schools & Neighborhood

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    Schools
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    Neighborhood
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    NeighborhoodExplore The Area

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    AgentListing Agent

    Agent
    Justin Kraft

    (Highmark Partners)

    MLS # NWM2199625

    1111 SW 148th Street

    Burien, WA 98166

    $975,000
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    FOR MORE PHOTOS VISIT
    https://www.dealty.ai/buy/home/1111-sw-148th-street-burien-wa-98166
    Approx sqft
    3564
    Year Built
    1973
    Garage
    8
    Lot Size
    7620 sqft/ 0.175 acres

    Value-add investment opportunity in the heart of Lake Burien. This value-add fourplex offers spacious living with large 2-bedroom/1-bathroom units, perfect and one generously sized 1-bedroom/1-bathroom unit. With the ability to raise rents 40-50% in a high demand market stabilizing at a 7.2% market cap rate. Two units meticulously upgraded to modern standards with the opportunity to renovate two other 2b/1b top floor units with vaulted ceilings. The exterior needs cosmetic upgrades. Situated...(Visit the link to Get more info)

    AGENT CONTACT
    Renee Tulliani
    Dealty Real Estate Services, LLC

    Northwest Multiple Listing Service

    Based on information submitted to MLS Grid as of 03/28/2026, 09:46:09 AM. IDX information is provided exclusively for consumers’ personal, non-commercial use and may be used solely to identify prospective properties that consumers may be interested in purchasing. All data is deemed reliable but is not guaranteed by MLS Grid. All information should be independently reviewed and verified. Open house information is subject to change without notice. Properties may or may not be listed by the office or agent presenting the information.