- For Sale $6,950,000
- Property Type Multi-Family
- Property Size 33,606 SF
- Units 45
- Lot Size 49,300 SF
- Date Updated Oct 14, 2026
Description
Highlights
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
Overview
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.
Location Description
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.
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