3-Unit Multifamily
For Sale
$989,000
5160 S 168th Street, Seatac, WA 98188
Three occupied residences comprise a duplex and a detached furnished studio.
Property Size2,640 SF
Price / SF$374.62
Days on Market29
Property Features for 5160 S 168th Street
General Information
Standard status
Active
Size
2,640 SF
Property subtype
Multi Family
Occupancy
100%
Site & Location
Neighborhood
Riverton Heights
Road Access
Yes
Units
Unit Mix
1 x 2BR/1.5BA, 1 x 2BR/1BA, 1 x studio
Multifamily Units
3
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1978
Buildings
2
Listing Agency:
Best Choice Network LLC
(206) 886-3986
Listed By:
Hayley Goodner · License #20108801
(206) 948-4206
Source:
Dulayhomes
Added: Oct 9
Changed: Nov 5
Last Checked: Nov 6 at 7:23AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1978, this multifamily property has a duplex and a detached studio above a garage. The main residence contains an upper unit with 2 bedrooms and 1.5 baths, plus a lower unit with 2 bedrooms and 1 bath. The detached studio has a kitchen and bath and measures approximately 400 SF; it is separate from the listed 2,240 SF. All three living spaces are occupied. Updates include newer mini-split heating and A/C systems in each space, and the lower unit and studio have fresh interior paint. The main home’s roof was replaced in recent years. Furnishings in the lower unit and studio convey.
The property is on a dead-end street in SeaTac, with access to the airport, commuter routes, shopping, dining, and employment centers.
The property is on a dead-end street in SeaTac, with access to the airport, commuter routes, shopping, dining, and employment centers.
Key Highlights
- Three occupied rental spaces: two units in the main home and a detached studio
- Listed main‑home area is 2,240 SF; detached studio is approximately 400 SF and excluded from that figure
- Upper residence has 2 bedrooms and 1.5 baths; lower residence has 2 bedrooms and 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,034
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$820,680
$820.7K
Cap Rate 7%
$586,200
$586.2K
Cap Rate 9%
$455,933
$455.9K
Market Conditions
NOI Build-Up for 2,640 SF
Gross rent
$79.2K $30.00/SF
− Vacancy
−$4.6K −$1.74/SF
EGI
$74.6K $28.26/SF
− OpEx
−$33.6K −$12.72/SF
NOI
$41.0K $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%
$820,680
Cap Rate 7%
$586,200
Cap Rate 9%
$455,933
Alternative Uses
Best Use
Apartment 5plus
$586.2K
$512.9K – $683.9K
NOI $41,034 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.06M
$925.2K – $1.23M
NOI $74,017 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
352
Businesses Nearby
Explore this area
Business Placement
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
$452,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - Three occupied residences comprise a duplex and a detached furnished studio.
Where is this multifamily property located?
The property is located at 5160 S 168th Street 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 rental spaces: two units in the main home and a detached studio; Listed main‑home area is 2,240 SF; detached studio is approximately 400 SF and excluded from that figure; Upper residence has 2 bedrooms and 1.5 baths; lower residence has 2 bedrooms and 1 bath
