$2,100,000
Castlemonte Apartments
Listing Type: For Sale
Property Type: Multi-Family
Status: Available
CBA ID#: 680234
13204 12 Ave SW
Burien, WA 98146

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Commercial Property

Marketing Description:

We are pleased to announce for sale the Castlemonte Apartments. Built in 1988, the Castlemonte is being offered to the market for the first time. The Castlemonte is well located just north of downtown Burien and on the Rapid Ride bus line. The buildings are located on an oversized 13,350 square foot lot currently zoned RM-24 with a proposed upzone to Mixed Use Low allowing for myriad of redevelopment opportunities. The Castlemonte is comprised of a seven unit apartment building and a separate 2 bedroom single-family home. The apartment building features a large 2 bedroom, 2 bath penthouse unit, with a wrap-around deck for the resident’s enjoyment. There are 6 additional spacious 2- bedroom 1-bath units and a studio unit. Several units have territorial views as well as views of Mount Rain

Land Features:

  • Lot Size: 13329 SqFt
  • Lot Acreage: 0.31 Acres
  • Zoning: RM-24
  • Total Parking: 14
  • Uncovered Parking: 14

Building Features:

  • Building Size: 6245 SqFt
  • Available Space: 6245 SqFt
  • Number of Floors: 3
  • Cap Rate: 4.67%
  • Year Built: 1988
This Listing Supplied Courtesy of Paragon Real Estate Advisors
Information is based on data available to the associate, including county records.
The information has not been verified by the associate and should be verified by the buyer.
Properties with the CBA logo are listed by the Commercial Brokers Association
The associate of this site is not a multiple listing service but is a member of a local MLS.
Equal Housing Opportunity