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1031 SW 122nd StreetSeattle, WA 98146Price: $3,950,000

  • Price: $3,950,000
  • Est. Mortgage of $/month
  • 5 Days on Market
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Federal 30-year interest rate: 6.67% last updated on Aug 13, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $3,950,000List Price
  • 1.45Acreage
  • 15,888Square Feet
Listed by Dan S. Swanson of Kidder Mathews
New Listing
1031 SW 122nd Street Seattle WA 98146
1031 SW 122nd Street Seattle WA 98146
1031 SW 122nd Street Seattle WA 98146
1031 SW 122nd Street Seattle WA 98146
1031 SW 122nd Street Seattle WA 98146
1031 SW 122nd Street Seattle WA 98146
1031 SW 122nd Street Seattle WA 98146
1031 SW 122nd Street Seattle WA 98146
1031 SW 122nd Street Seattle WA 98146
1031 SW 122nd Street Seattle WA 98146
1031 SW 122nd Street Seattle WA 98146
1031 SW 122nd Street Seattle WA 98146
1031 SW 122nd Street Seattle WA 98146
1031 SW 122nd Street Seattle WA 98146
1031 SW 122nd Street Seattle WA 98146
1031 SW 122nd Street Seattle WA 98146
1031 SW 122nd Street Seattle WA 98146
1031 SW 122nd Street Seattle WA 98146
1031 SW 122nd Street Seattle WA 98146
1031 SW 122nd Street Seattle WA 98146
1031 SW 122nd Street Seattle WA 98146
1031 SW 122nd Street Seattle WA 98146
1031 SW 122nd Street Seattle WA 98146
1031 SW 122nd Street Seattle WA 98146
1031 SW 122nd Street Seattle WA 98146
1031 SW 122nd Street Seattle WA 98146
1031 SW 122nd Street Seattle WA 98146
1031 SW 122nd Street Seattle WA 98146
1031 SW 122nd Street Seattle WA 98146
1031 SW 122nd Street Seattle WA 98146
1031 SW 122nd Street Seattle WA 98146
1031 SW 122nd Street Seattle WA 98146
1031 SW 122nd Street Seattle WA 98146
1031 SW 122nd Street Seattle WA 98146
1031 SW 122nd Street Seattle WA 98146
1031 SW 122nd Street Seattle WA 98146

Listing Tools

A garden style 17-unit community located ±2 miles from Downtown Burien and ±7 miles from Downtown Seattle. Immediate access to the RapidRide H Line connecting to Downtown Seattle and shopping, dining, and grocery. The property spans 5 buildings constructed between 1954-1979 (most units 1979) on a single parcel. Mostly 2-bed units (5 with extra 1/2 baths) plus a studio, 2 one-beds, and 2 three-beds with either 1.5 or 2 baths. 8 units have in-unit laundry, several have townhome layouts, and most have private yards. Units average 896 SF. Off-street parking lot. Average tenant tenure is 7+ years even after a 25% gross rent increase. Value-Add Options: Raise rents to market, use yard for storage and/or parking income, add bedrooms to a couple existing units, convert garage to ADU, develop an additional building, or redevelop full parcel under R4 zoning. (Buyer to verify feasibility of all development options.) Priced at less than $235,000 per unit, under $260 per square foot, and at $62 per square foot of land, the offering represents a below-replacement-cost basis for a well-located, high-upside multifamily asset in a designated Regional Growth Center.

Property Details of 1031 SW 122nd Street

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Listing data courtesy of NWMLS as provided by MLS Grid as of August 18, 2026 12:04 PM UTC . All data is obtained from various sources and has not been, and will not be, verified by broker or NWMLS. All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. Supplied Open House Information is subject to change without notice. Many homes contain recording devices, and buyers should be aware they may be recorded during a showing. Listing data shown with the three tree icon are provided courtesy of NWMLS. Some IDX listings have been excluded from this website. IDX information is provided exclusively for consumers’ personal non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.  The data is deemed reliable but is not guaranteed.

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