3221 S 208th Street, SeaTac, WA 98198
- $2,400,000
- 9,282
- SqFt
Listing courtesy of Paragon Real Estate Advisors.
- List Price
- $2,400,000
- Status
- ACTIVE
- MLS#
- 2580889
- Days on Market
- 0
- Style
- 55 - 5-9 Units
- Finished SqFt
- 9,282
- Area Total SqFt
- 9282
- Annual Tax Ammount
- 25585
- Lot Size (sq ft)
- 23,700
- Sewer
- Available
Property Description
Casa Bella Apartments is a gated multifamily investment opportunity located in SeaTac, Washington, just minutes from Sea-Tac International Airport, the Angle Lake Link light rail station, and the I-5 corridor. Casa Bella consists of 9 large residential apartments across a desirable mix of two- and three-bedroom floor plans, with units averaging 1,031 square feet. All units feature in-unit washers and dryers and private balconies or decks, offering renters the space, functionality, and convenience increasingly sought after by today’s tenant profile. The gated community provides an added level of privacy and security, while the spacious floor plans appeal to families, working professionals, and airport-oriented residents. Built in 2004 and situated on an approximately 23,700 square foot (0.54 acre) lot, Casa Bella offers investors a well-maintained, low-density asset with a low-maintenance ownership profile. The property contains approximately 9,282 square feet of building area, providing a highly functional residential footprint with large units. Casa Bella’s location provides exceptional regional connectivity, with Sea-Tac International Airport, Angle Lake Station, and Interstate 5 all located within close proximity. The property also benefits from convenient access to major employment centers throughout the region, supporting long-term rental demand and positioning the asset for continued value appreciation.
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Additional Information
- List Date
- 2026-09-11 18:55:15
- Community
- SeaTac
- Net Operating Income
- $138,369
- Gross Adjusted Income
- $196,194
- Gross Scheduled Income
- $206,520
- Total Monthly Income
- $975
- Insurance Expenses
- $5,561
- Water/Sewer/Garbage Expenses
- $18,230
- Gross Rent Multiplier
- 11.62
- Total Expenses
- $69,525
- Cap Rate
- 5.8
- Vacancy Rate
- 5
- Total Number of Units
- 9
- Unit Name
- 3221
- Potential Terms
- Cash, Conventional
- Year Built
- 2004
- Roof
- Composition
- Other Expenses
- 20149
- Energy Source
- Electric
- School District
- Highline
- Total Monthly Income
- $975
- Gross Scheduled Income
- $206,520
- Vacancy Rate
- 5
- Gross Adjusted Income
- $196,194
- Tax Year
- 2026
- Insurance Expense
- $5,561
- W/S/G Expenses
- $18,230
- Total Expenses
- $69,525
- Net Operating Income
- $138,369
- Gross Rent Multiplier
- 11.62
- Cap Rate
- 5.8
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.