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Andy Holmstrom

andy.holmstrom@exprealty.com +1(360) 421-9542

Listed by:RE/MAX All City • Leslie A. Newman

$1,399,000

Est. payment - /mo

9 Beds

8 Baths

1.31 Acres Lot

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Tukwila

MLS Listing ID 2477457

Style 55 - 5-9 Units

Bedrooms 9

Year Built 1939

Annual Tax Amount $12,416

Lot Size 1.309 Acres

Lot Dimensions 57000

Property Sub-Type Multi Family

Property Description

A truly rare riverfront investment opportunity in the heart of Tukwila. Set on approximately 150' of scenic river frontage, this 1.31-acre gated, park-like estate offers immediate income with exceptional long-term redevelopment potential. The property features a 2,400 sq ft single-family residence with 3 bedrooms and 1.75 baths, plus six detached, income-producing cottages thoughtfully arranged across a level, usable lot. The setting is serene and private, with mature landscaping, river views, and a sense of retreat rarely found this close to urban amenities. Current ownership has invested heavily in improvements. Units 1–5 were comprehensively remodeled in 2017, including new plumbing, electrical, roofs, kitchens, bathrooms, flooring, lighting, fixtures, and fresh interior/exterior paint. All six cottages are equipped with mini-split heating and A/C, dedicated storage units, and APP-paid laundry, supporting strong tenant demand and consistent rental income. Covered parking and additional on-site storage enhance both functionality and tenant appeal. Zoned LDR, the property now benefits from new Middle Housing zoning, unlocking substantial expansion and redevelopment options - (buyer to verify). Whether held as a cash-flowing asset or repositioned for future development, the upside is compelling. Ideal for owner-occupants seeking supplemental income, 1031 exchange? builder/developer? This is a turnkey investment today with redevelopment possibilities for tomorrow.

Location

State WA

County King

Area 360 - Skyway Area

Interior

Flooring Ceramic Tile, Laminate, Carpet

Fireplace false

Exterior

Exterior Feature Cement/Concrete, Wood, Wood Products

Amenities Available Cabana/Gazebo, Cable TV, Deck, Fenced-Fully, Gas Available, Gated Entry, High Speed Internet, Outbuildings, Patio, RV Parking, Shop

Waterfront Description River

View Y/N Yes

View River, Territorial

Roof Type Composition

Building

Lot Description Community Golf Course, Dead End Street, Paved

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Buyer To Verify

Middle Schools Buyer To Verify

High Schools Buyer To Verify

School District Tukwila

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.floorplanonline.com/r/489873

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Andy Holmstrom

+1(360) 421-9542

Agent | License ID: 80279

Agent License ID: 80279

13301 56th AVE S Tukwila, WA 98178

Andy Holmstrom

Key Details

Location

Interior

Exterior

Building

Schools

Others

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