6507 South 153rd Street
6507 South 153rd Street
Tukwila, WA 98188
$995,000
Price
7
Beds
4
Baths
3,660 Sq. Ft.
$272 / Sq. Ft.
3,660
Sq. Ft.
$272
per Sq. Ft.
Pending Inspection
Pending Inspection
Listing provided courtesy of Windermere Real Estate/PSK Inc
Description
Discover the potential of this charming 4-plex located in the heart of Tukwila. Three 2 BR/1 BA and One 1 bed/1 bath units are fully leased and consistently rented to present a significant upside for savvy investors. All will be MTM leases by end of July. Well maintained property has been meticulously cared for, offering a solid foundation for value-add improvements. Rents are below market giving this value-add potential by raising rents between 20-62% and continuing to improve the units. Potential...Discover the potential of this charming 4-plex located in the heart of Tukwila. Three 2 BR/1 BA and One 1 bed/1 bath units are fully leased and consistently rented to present a significant upside for savvy investors. All will be MTM leases by end of July. Well maintained property has been meticulously cared for, offering a solid foundation for value-add improvements. Rents are below market giving this value-add potential by raising rents between 20-62% and continuing to improve the units. Potential for 6.9% market cap! Opportunity is knocking! Coin-op laundry, great location minutes to shopping, restaurants and freeways. For owner occupants, chance to get a residential loan and earn income on the other 3 units.
- Listed by Cathy Wahlin • Windermere Real Estate/PSK Inc
Property Details for 6507 South 153rd Street
Community Name
Tukwila
School DistrictTukwila
ViewTerritorial
Number of Assigned Spaces5
Total Covered Parking0
Entry Date05-21-2024
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of Windermere Real Estate/PSK Inc![]()
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LISTING UPDATED: 06/14/2024 08:10 AM
Property Details for 6507 South 153rd Street
| Status | Pending Inspection |
|---|---|
| MLS # | 2240850 |
| Days on Market | 23 |
| Cumulative Days on Market | 23 |
| Taxes | $10,298 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1966 |
| Lot Size | 0.20 AC / 8,800 SF |
| County | King County |
Location
Listing Courtesy of Windermere Real Estate/PSK Inc![]()
Add your commute
Building Information for 6507 South 153rd Street
Stories2Residences4Year Built1966Building Size-Lot Size0.20 AC / 8,800 SF
Payment Calculator
$6,288 per month
30 year fixed, 7.25% Interest
Principal and Interest
$5,430
Property Taxes
$858
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 6507 South 153rd Street
Summary
Location and General Information
- Style: 54 - 4-Plex
- Site Features: Cable TV, Deck, Fenced-Partially, Patio
- Area: 130 - Burien/Normandy Park
- Block: 3
- Elementary School: Buyer To Verify
- Middle Or Junior School: Buyer To Verify
- High School: Buyer To Verify
- Directions: From Southcenter Blvd, left on 65th Ave S, Right on 153rd. 4-Plex will be on your right
- Leased Items: Washer/Dryer
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 5.0
- Open Parking: Yes
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Floor Covering: Slate, Vinyl, Carpet
- Features: Wall to Wall Carpet
- Amenities: Coin Op Laundry,Storage
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
- FIRPTA: No
Exterior Features
- Exterior: Wood
- Roof: Flat, Torch Down
- Security Features: FullyFenced
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 5798
- Power Company: PSE
- Sewer Company: City of Tukwila
- Water Company: City of Tukwila
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Slab
- Zoning Class: Multi-Family,Residential
- Possible Use: Multi-Family, Residential
- MLS Square Footage Source: Public Records
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 22
Lot Information
- Lot Details: Adjacent to Public Land, Dead End Street, Paved
- Lot Number: 4-5
- Lot Size Source: Public Records
- Parcel Number Free Text: 2954900346
- Calculated Square Footage: 3660
- Structure Type: Quadruplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 3660.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 5
- Number of Stories in Building: 2
- Vacancy Rate: 0
- Number Of Units Total: 4
- Units Below Grade: false
- Units In Building Total: 4
Financing / Income and Expenses
- Electric Expense: $698
- Total Expenses: 19247
- Gross Adjusted Income: 64200
- Gross Rent Multiplier: 15.5
- Gross Scheduled Income: $64,200
- Insurance Expense: $2,453
- Net Operating Income: $44,953
- Other Expenses: $0
- Total Monthly Income: 5465
- Fuel Expense: $0
Unit 1
- Name Unit 1: A
- Washer/Dryer Unit 1: false
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 896
- Rent Unit 1: $1,150.00
- Bedrooms Unit 1: 2
- Fireplaces Unit 1: 1
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: B
- Washer/Dryer Unit 2: false
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 896
- Rent Unit 2: $1,395.00
- Bedrooms Unit 2: 2
- Fireplaces Unit 2: 1
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: C
- Washer/Dryer Unit 3: false
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 896
- Rent Unit 3: $1,310.00
- Bedrooms Unit 3: 2
- Fireplaces Unit 3: 1
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: D
- Washer/Dryer Unit 4: false
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: true
- Square Feet Unit 4: 857
- Rent Unit 4: $1,495.00
- Bedrooms Unit 4: 1
- Fireplaces Unit 4: 1
- Bathrooms Unit 4: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 3510.0
- Leasable Area Units: Square Feet
Property History for 6507 South 153rd Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 6507 South 153rd Street
Taxable ValueLand$158,400Additions$756,600Total$915,000
Tax Record2022$9,925 ($827 / month)
Home Facts
Total Finished SqFt3,508 SqFtAbove Ground SqFt3,508 SqFtStories2Lot Size8,800 SqFtStyleMulti-Family Dwelling (2-4)Year Built1966Year Renovated1992ZoningMDRCountyKINGAPN295490-0346Fireplace TypeHas Fireplace
Schools near 6507 South 153rd Street
This home is within Tukwila School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 12 |
Rating | School | Distance |
|---|---|---|
Tukwila Elementary School PublicPK to 5 | ||
Showalter Middle School Public6 to 8 | ||
Foster Senior High School Public9 to 12 | ||
Tukwila Online Learning Public6 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Windermere Real Estate/PSK Inc
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.