Jericho Apartments with Security
10025 Des Moines Memorial Dr S, Burien, WA 98168
For Sale
New
$1,150,000
One- and two-bedroom homes are served by fiber-optic internet and an on-site card-operated laundry facility.
Property Size4,500 SF
Days on Market5
Property Features for 10025 Des Moines Memorial Dr S
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Cap Rate
Amenities
security cameras
fiber optic internet
credit card laundry facility
Freshly renovated in 2023. All systems upgraded to include plumbing, electrical, and roof.
New credit card W/D system for tenant and owner convenience.
Ample off-street parking. 1 parking space per bedroom make Jericho a great apartment for commuters to downtown Seattle or Tacoma.
Building Details
Building Size
Units
Listing Agency:
Seattle Office
Listed By:
Aimon Heffernan · License #License(s): WA: 23029794
(206) 826-5707
Source:
Marcusmillichap
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 8 at 2:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Seattle Office
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Jericho Apartments is a multifamily property with a mix of one- and two-bedroom units. Building features include security cameras, fiber-optic internet service, and laundry equipment that accepts credit cards.
The property is located at 10025 Des Moines Memorial Dr S in Burien, Washington.
The property is located at 10025 Des Moines Memorial Dr S in Burien, Washington.
Key Highlights
- Mix of one- and two‑bedroom units
- Security camera system
- Fiber‑optic internet service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,944
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,398,880
$1.4M
Cap Rate 7%
$999,200
$999.2K
Cap Rate 9%
$777,156
$777.2K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$135.0K $30.00/SF
− Vacancy
−$7.8K −$1.74/SF
EGI
$127.2K $28.26/SF
− OpEx
−$57.2K −$12.72/SF
NOI
$69.9K $15.54/SF
Area
King County, WA
Vacancy
5.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,398,880
Cap Rate 7%
$999,200
Cap Rate 9%
$777,156
Alternative Uses
Best Use
Apartment 5plus
$999.2K
$874.3K – $1.17M
NOI $69,944 @ 7.0% cap · market cap 6.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,166 @ 7.0% cap · market cap 10.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
466
Businesses Nearby
Explore this area
Business Placement
Demographics for 98168, WA
36,389
Population
13,338
Households
2.7
Avg Household Size
37
Median Age
24%
College-Educated
79%
High-School Grad
8.8 sq mi
ZIP Area
4,135
Density / Sq Mi
$84,937
Median Household Income
$44,630
Median Earnings
$1,724
Median Rent
$500,600
Median Home Value
Market
Average Price Trend$/SF for Multifamily properties in King County, WA
Properties on Market for Multifamily properties in King County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - One- and two-bedroom homes are served by fiber-optic internet and an on-site card-operated laundry facility.
Where is this multifamily property located?
The property is located at 10025 Des Moines Memorial Dr S Burien, WA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Mix of one- and two‑bedroom units; Security camera system; Fiber‑optic internet service
