Two-Duplex Multifamily
For Sale
$1,125,000
13622 51ST, Tukwila, WA 98168
Four two-bedroom residences offer W/D, fireplaces, outdoor areas, and garage or off-street parking.
Property Size4,684 SF
Lot Size0.38 Acres
Price / SF$240.18
Days on Market108
Property Features for 13622 51ST
General Information
Standard status
Active
Size
4,684 SF
Lot size
0.38 Acres
Property subtype
Multi-family
Site & Location
Neighborhood
Allentown
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Amenities
W/D
fireplace
eating area off kitchen
large outdoor space
garage or off-street parking
Building Details
Year Built
1946
Buildings
2
Listing Agency:
Windermere Real Estate Midtown
Listed By:
Lauren Hendricks
(206) 999-9161
Source:
Skylineproperties
Added: Jul 22
Changed: Nov 5
Last Checked: Nov 4 at 4:36PM
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 Windermere Real Estate Midtown
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property includes two duplexes totaling four residential units on a 16,555 SF lot. Each unit contains 2 bd/1 bth, a W/D, fireplace, and an eating area adjoining the kitchen. Three units have undergone extensive remodeling, while every residence includes substantial outdoor space and either garage or off-street parking. The buildings provide 4,684 SF of property size and were built in 1946.
Both duplexes have new exterior paint and newer roofs installed within the past 5 years. The property is located at 13616 & 13622 51st Ave S. in Tukwila, near major transportation corridors, Seattle-Tacoma International Airport, and key employment centers. The remarks also cite long-term tenants and a strong rental history.
Both duplexes have new exterior paint and newer roofs installed within the past 5 years. The property is located at 13616 & 13622 51st Ave S. in Tukwila, near major transportation corridors, Seattle-Tacoma International Airport, and key employment centers. The remarks also cite long-term tenants and a strong rental history.
Key Highlights
- Two duplexes with four total units on one 16,555 SF lot
- All 4 units are 2 bd/1 bth
- Three of the four units have been extensively updated/remodeled
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,003
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,580,060
$1.6M
Cap Rate 7%
$1,128,614
$1.1M
Cap Rate 9%
$877,811
$877.8K
Market Conditions
NOI Build-Up for 4,684 SF
Gross rent
$119.4K $25.50/SF
− Vacancy
−$6.6K −$1.41/SF
EGI
$112.9K $24.09/SF
− OpEx
−$33.9K −$7.23/SF
NOI
$79.0K $16.87/SF
Area
King County, WA
Vacancy
5.51%
Lease Rate
$25.50 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,580,060
Cap Rate 7%
$1,128,614
Cap Rate 9%
$877,811
Alternative Uses
Best Use
Multifamily LT 5
$1.13M
$987.5K – $1.32M
NOI $79,003 @ 7.0% cap · market cap 7.02%
Second Best
Apartment 5plus
$1.04M
$910.0K – $1.21M
NOI $72,803 @ 7.0% cap · market cap 6.47%
Theoretical Best
Office A
$1.88M
$1.64M – $2.19M
NOI $131,324 @ 7.0% cap · market cap 11.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
370
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 Duplexes in King County, WA
Properties on Market for Duplexes in King County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Four two-bedroom residences offer W/D, fireplaces, outdoor areas, and garage or off-street parking.
Where is this duplex located?
The property is located at 13622 51ST Tukwila, WA.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: Two duplexes with four total units on one 16,555 SF lot; All 4 units are 2 bd/1 bth; Three of the four units have been extensively updated/remodeled
