Built in 1967, the Holly Lane Apartments sit on a 12,846 sqft lot in a peaceful lakeside neighborhood in the heart of downtown Burien. The building is comprised of 10 spacious two-bedroom/one-bathroom floor plans that average 925 sqft. The apartments have functional layouts, abundant storage, complete kitchen appliance packages, and private balconies/patios. The units have been well maintained with a mix of “classic” interior finishes and light updates such as LVP flooring and appliances. Building features and amenity spaces include a very large common laundry area on the lower level, secure resident and manager/owner storage lockers and a large office space suitable for a property manager.
Lake Burien, located between Burien Town Square and Seahurst Park, is a residential and lakeside Burien neighborhood with a wooded shoreline and mid-century streetscapes. The neighborhood’s character concentrates around Lake Burien Park, where walkers loop the water and conversations gather near the small dock and picnic lawns. Homes range from ramblers and split-levels to newer rebuilds, often set behind evergreens and sloped driveways. A short drive north, Burien Press and Elliott Bay Brewing Co. act as local pillars for coffee, pints, and community meetups. The lake and surrounding greenbelts shape a quieter, outdoors-forward rhythm without feeling remote.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Multi-family residential income property
Each unit includes a range/oven and refrigerator
Bedrooms
All units are 2-bedroom layouts
Bathrooms
Each unit has 1 bathroom
Kitchen
Range/oven in every unit
Refrigerator in every unit
Laundry & utility
Has electric energy source
Heating & cooling
Forced air heating
No central cooling
Exterior features
Cement/concrete and wood exterior finishes
Public-record lot (approximately 0.2949 acres)
Home design
Multi-family property
Three stories
Parking
Open/uncovered parking available (8 spaces)
Carport spaces listed (8)
Construction
Cement and wood construction materials
Composition roof
Utilities
Electric power
Sewer connected
Financial info
Listing terms: Cash or Conventional
Total of 10 units in the building
Gross scheduled income reported
Gross adjusted income reported
Net operating income reported
Total expenses reported
Gross rent multiplier reported
Total monthly income reported
Vacancy rate reported (5%)
Other
Building area total reported (9250 square feet)
Electricity and solar
View estimated energy costs and solar savings for this home