Colonial Garden Apartments 3465 South 144th Street
Tukwila, WA 98168
For Sale
33,606 sqft
Sale Price
$6,950,000
Brochure
Map
Multifamily For Sale - Available Immediately
45-Unit Garden-Style Community in Tukwila, WA
Within walking distance of Tukwila International Blvd light rail station
20 Private Garages
Quick access to I-5, 405, and Hwy 509
Minutes from SEA Airport and the Kent Valley industrial spine
Beautiful Central Courtyard
Get in touch
Reed Hunter
Peter Wright
Spencer Clark
The asset consists of 35 one-bedroom and 10 two-bedroom units, averaging 747 square feet each. In-place rents are roughly 10% below market, offering a clear path to increased revenue. Additionally, the property includes at least 35 unmonetized storage units. Community improvements include 20 private garages, a central courtyard, updated electrical panels, and new pitched composition roofs, which minimize near-term capital expenditures.
The community is within walking distance of the Tukwila International Boulevard light rail station, providing direct transit to Seattle. Quick access to I-5, I-405, and SR 509 connects residents to SEA Airport and the Kent Valley industrial corridor. Across the street, the Tukwila Village revitalization project features restaurants, open space, a library, and a community pool. With a basis below replacement cost and minimal new competing supply, Colonial Garden offers stable income and long-term upside potential.
Total Space Available
33,606 sqft
Sale Price
$6,950,000
Get in touch
Reed Hunter
Peter Wright
Spencer Clark