Normandy Park, WA 98148 18449 1st Avenue S
$2,300,000
10 more
Presented By: Paragon Real Estate Advisors and NWMLS
- MLS# 2400365
- 07/01/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 15,781
Home Details
Partially completed (75%) mixed-use apartment building located in the excellent community of Normandy Park. Normandy Park is one of the fastest growing suburbs in King County and is well-positioned for success with high rental demand and very little nearby new construction. Approx 2,596 SF of commercial space on the 1st floor that has been divided into 6 live-work units offering flexibility. The 2nd and 3rd floors are comprised of 6 large, condo-style residential units with a total of approx. 7,000 SF. The large 13,673 SF lot has 18 off-street parking stalls, two of which are ADA accessible. The flexibility and short timeline to finish a new product makes this a very unique and lucrative opportunity for the future owner.
Presented By: Paragon Real Estate Advisors and NWMLS
Interior Features for 18449 1st Avenue S
Bedrooms
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NYes
Fireplace Y/NNo
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories3
General for 18449 1st Avenue S
AmenitiesElevator
Building Area UnitsSquare Feet
Cap Rate
Carport Spaces
Carport Y/NNo
CityNormandy Park
CoolingHeat Pump
CountyKing
DirectionsFrom I5S take exit for WA 518 W. Take Des Moines Mem Dr (DMD) Exit. Left on DMD. Left to stay on DMD. Slight Right on S Normandy Rd. Left on 1st Ave S. Property is on the left.
Electric Expense
Fuel Expense
HOANo
HOA Fee$
HeatingHeat Pump
High School DistrictHighline
Insurance Expense
Leasable Area9596
Listing TermsConventional
Lot Size Square Feet13673
Lot Size UnitsSquare Feet
MLS Area130 – Burien/Normandy Park
ModificationTimestamp2025-09-24T17:58:12.257Z
NWM_ShowMapLinkY
Net Operating Income0
New ConstructionYes
Number Of Units Total12
Open Parking Spaces18
PossessionClosing
Property ConditionUnder Construction
Property Style56 – 10+ Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksPartially completed (75%) mixed-use apartment building located in the excellent community of Normandy Park. Normandy Park is one of the fastest growing suburbs in King County and is well-positioned f
RoofComposition
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameNormandy Park
Tax Annual Amount27418
Tax Year2024
Units Below Gradefalse
Units In Building Total12
Water Sewer Garbage0
Year Built2019
Exterior for 18449 1st Avenue S
Building Area Total15781
Covered Spaces
Exterior AmenitiesCement Planked, Wood Products
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot Size Acres0.3139
Parking Uncovered Spaces18
Total Parking18
Waterfront Y/NNo
Additional Details
Price History
Josh QA1
REALTOR ® SRES ®