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Multifamily Property with Detached Studio

5160 S 168th St, Seatac, WA 98188

For Sale
$989,000

Three occupied rental spaces include furnished accommodations and individual mini-split heating and air conditioning.

Property SizeContact for details
Days on Market31

Property Features for 5160 S 168th St

General Information

Standard status Active
Property subtype Residential Income
Occupancy 100%

Site & Location

Neighborhood Riverton Heights
Road Access Yes

Units

Unit Mix upper 2BR/1.5BA unit, lower 2BR/1BA unit, studio
Multifamily Units 3

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $8,432

Building Details

Buildings 2
Listing Agency: Best Choice Network LLC
Listed By: Hayley Goodner · License #20108801
Source: Exprealty
Added: Oct 9 Changed: Nov 7 Last Checked: Nov 8 at 8:33AM

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 Best Choice Network LLC

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Investment Insights

Based on property information with market context.

This multifamily property combines a duplex with a detached studio above a garage. The main home has an upper unit with 2 bedrooms and 1.5 baths, plus a lower unit with 2 bedrooms and 1 bath. The studio includes a kitchen and bath and measures approximately 400 square feet, separate from the listed 2,240 square feet. All three residences are occupied. Furnishings in the lower unit and studio convey, and each living space has a mini-split heating and A/C system. Updates include fresh interior paint in the lower apartment and studio; the main home's roof was replaced in recent years. Replacement of the detached building's roof is scheduled for late October.

The property is on a dead-end street in an established SeaTac neighborhood, with access to the airport, commuter routes, shopping, dining, and nearby employment centers.

Key Highlights

  • Three occupied residential rental spaces: two duplex units and a detached studio
  • Upper unit has 2 bedrooms and 1.5 baths; lower unit has 2 bedrooms and 1 bath
  • Detached studio above the garage has a kitchen, bath, and approximately 400 SF, separate from the listed 2,240 SF

Property Analytics

Lease Details

3
Residential units
100%
Occupancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

335
Businesses Nearby

Demographics for 98188, WA

27,851
Population
12,025
Households
2.3
Avg Household Size
37
Median Age
26%
College-Educated
88%
High-School Grad
8.1 sq mi
ZIP Area
3,438
Density / Sq Mi
$76,559
Median Household Income
$45,245
Median Earnings
$1,641
Median Rent
$452,900
Median Home Value

Market

Average Price Trend$/SF for Multifamily properties in King County, WA

$416 Jul
$388 Aug
$376 Sep
$386 Oct

Properties on Market for Multifamily properties in King County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Three occupied rental spaces include furnished accommodations and individual mini-split heating and air conditioning.
Where is this multifamily property located?
The property is located at 5160 S 168th St Seatac, WA.
What is the asking price?
The asking price for this property is $989,000.
What are key features of this property?
This property features: Three occupied residential rental spaces: two duplex units and a detached studio; Upper unit has 2 bedrooms and 1.5 baths; lower unit has 2 bedrooms and 1 bath; Detached studio above the garage has a kitchen, bath, and approximately 400 SF, separate from the listed 2,240 SF
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